First American Financial Co. (NYSE:FAF) Holdings Trimmed by ARGA Investment Management LP

ARGA Investment Management LP trimmed its holdings in shares of First American Financial Co. (NYSE:FAF - Free Report) by 86.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,593 shares of the insurance provider's stock after selling 214,581 shares during the period. ARGA Investment Management LP's holdings in First American Financial were worth $2,160,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP acquired a new stake in First American Financial during the third quarter worth about $95,638,000. ArrowMark Colorado Holdings LLC acquired a new stake in shares of First American Financial during the 3rd quarter worth approximately $43,431,000. Holocene Advisors LP bought a new stake in shares of First American Financial in the 3rd quarter worth approximately $36,803,000. Jacobs Levy Equity Management Inc. boosted its position in First American Financial by 83.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 893,216 shares of the insurance provider's stock valued at $58,961,000 after purchasing an additional 405,487 shares during the period. Finally, Victory Capital Management Inc. boosted its position in First American Financial by 19.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,495,766 shares of the insurance provider's stock valued at $164,746,000 after purchasing an additional 405,146 shares during the period. 89.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Truist Financial boosted their price objective on First American Financial from $68.00 to $73.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods reduced their price objective on First American Financial from $80.00 to $74.00 and set a "market perform" rating for the company in a research report on Wednesday, January 8th. Barclays boosted their price objective on First American Financial from $70.00 to $72.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Finally, Stephens lifted their price target on First American Financial from $66.00 to $73.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $73.00.

First American Financial Stock Down 0.1 %

First American Financial stock traded down $0.08 during trading hours on Friday, hitting $64.02. 339,185 shares of the company traded hands, compared to its average volume of 407,107. The firm has a market cap of $6.59 billion, a P/E ratio of 71.93 and a beta of 1.33. The firm's 50-day simple moving average is $63.46 and its two-hundred day simple moving average is $63.71. First American Financial Co. has a 1-year low of $51.60 and a 1-year high of $70.92.

First American Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.54 per share. The ex-dividend date is Monday, March 10th. This represents a $2.16 annualized dividend and a yield of 3.37%. First American Financial's payout ratio is 242.70%.

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.