Aigen Investment Management LP Takes $612,000 Position in First American Financial Co. (NYSE:FAF)

Aigen Investment Management LP purchased a new position in shares of First American Financial Co. (NYSE:FAF - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,269 shares of the insurance provider's stock, valued at approximately $612,000.

Several other large investors have also modified their holdings of the stock. Mather Group LLC. boosted its stake in First American Financial by 99.1% during the 2nd quarter. Mather Group LLC. now owns 671 shares of the insurance provider's stock valued at $36,000 after purchasing an additional 334 shares during the period. GAMMA Investing LLC boosted its holdings in First American Financial by 56.9% during the second quarter. GAMMA Investing LLC now owns 709 shares of the insurance provider's stock worth $38,000 after buying an additional 257 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of First American Financial by 132.3% during the third quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider's stock valued at $41,000 after purchasing an additional 356 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of First American Financial in the 2nd quarter valued at $47,000. Finally, Quarry LP increased its stake in First American Financial by 340.8% in the 2nd quarter. Quarry LP now owns 864 shares of the insurance provider's stock worth $47,000 after purchasing an additional 668 shares in the last quarter. Institutional investors own 89.05% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FAF. Barclays increased their target price on First American Financial from $70.00 to $72.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Stephens upped their target price on First American Financial from $66.00 to $73.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Keefe, Bruyette & Woods raised their price target on shares of First American Financial from $66.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, September 4th. Finally, Truist Financial upped their price objective on shares of First American Financial from $68.00 to $73.00 and gave the company a "buy" rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, First American Financial presently has an average rating of "Moderate Buy" and an average price target of $72.50.

First American Financial Stock Up 1.3 %

First American Financial stock traded up $0.83 during mid-day trading on Thursday, hitting $65.00. 377,610 shares of the company were exchanged, compared to its average volume of 673,506. The company has a market capitalization of $6.70 billion, a PE ratio of 72.82 and a beta of 1.29. First American Financial Co. has a 1-year low of $51.60 and a 1-year high of $67.88. The business has a fifty day moving average of $64.80 and a 200 day moving average of $59.75.

First American Financial (NYSE:FAF - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.19. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the company earned $1.22 EPS. First American Financial's revenue for the quarter was down 5.1% on a year-over-year basis. Research analysts expect that First American Financial Co. will post 3.99 earnings per share for the current year.

First American Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.32%. First American Financial's dividend payout ratio (DPR) is presently 242.70%.

First American Financial Company Profile

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Home Warranty segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services internationally.