Allworth Financial LP Raises Stock Position in First American Financial Co. (NYSE:FAF)

Allworth Financial LP raised its position in First American Financial Co. (NYSE:FAF - Free Report) by 2,868.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 125,180 shares of the insurance provider's stock after purchasing an additional 120,963 shares during the period. Allworth Financial LP owned 0.12% of First American Financial worth $7,729,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in shares of First American Financial in the second quarter valued at $229,000. Blue Trust Inc. lifted its stake in shares of First American Financial by 214.2% in the third quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider's stock valued at $67,000 after buying an additional 696 shares in the last quarter. Fortis Group Advisors LLC bought a new position in shares of First American Financial in the third quarter valued at $1,869,000. Blossom Wealth Management lifted its stake in shares of First American Financial by 2.4% in the third quarter. Blossom Wealth Management now owns 7,105 shares of the insurance provider's stock valued at $469,000 after buying an additional 165 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of First American Financial by 32.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,436 shares of the insurance provider's stock valued at $1,019,000 after buying an additional 3,773 shares in the last quarter. 89.05% of the stock is owned by institutional investors.

Insider Transactions at First American Financial

In other news, Director Dennis J. Gilmore sold 111,971 shares of the business's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $63.60, for a total value of $7,121,355.60. Following the completion of the sale, the director now directly owns 494,574 shares in the company, valued at approximately $31,454,906.40. The trade was a 18.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.70% of the company's stock.

First American Financial Price Performance

Shares of FAF traded down $1.51 during trading hours on Thursday, hitting $63.22. The company's stock had a trading volume of 347,987 shares, compared to its average volume of 453,581. The company has a market cap of $6.51 billion, a price-to-earnings ratio of 50.58 and a beta of 1.33. The business has a 50 day simple moving average of $62.61 and a two-hundred day simple moving average of $64.02. First American Financial Co. has a 52-week low of $51.60 and a 52-week high of $70.92.

First American Financial (NYSE:FAF - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The insurance provider reported $1.35 EPS for the quarter, beating the consensus estimate of $1.13 by $0.22. First American Financial had a net margin of 2.14% and a return on equity of 9.35%. Research analysts predict that First American Financial Co. will post 5.35 earnings per share for the current year.

First American Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.42%. First American Financial's payout ratio is 172.80%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FAF shares. Truist Financial upped their target price on First American Financial from $68.00 to $73.00 and gave the company a "buy" rating in a report on Friday, October 25th. Stephens lifted their price objective on shares of First American Financial from $73.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Keefe, Bruyette & Woods lifted their price objective on shares of First American Financial from $74.00 to $75.00 and gave the stock a "market perform" rating in a research report on Tuesday. Finally, Barclays lifted their price objective on shares of First American Financial from $70.00 to $72.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $74.50.

First American Financial 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.