First American Financial Co. (NYSE:FAF) Shares Purchased by Bar Harbor Wealth Management

Bar Harbor Wealth Management raised its holdings in shares of First American Financial Co. (NYSE:FAF - Free Report) by 43.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,627 shares of the insurance provider's stock after buying an additional 29,324 shares during the period. Bar Harbor Wealth Management owned about 0.09% of First American Financial worth $6,033,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FAF. Venturi Wealth Management LLC increased its position 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 worth $41,000 after acquiring an additional 356 shares during the period. Quarry LP increased its holdings in First American Financial by 340.8% during the 2nd quarter. Quarry LP now owns 864 shares of the insurance provider's stock worth $47,000 after purchasing an additional 668 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in First American Financial during the 2nd quarter valued at $47,000. Blue Trust Inc. lifted its holdings in shares of First American Financial by 214.2% in the 3rd quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider's stock worth $67,000 after buying an additional 696 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of First American Financial by 34.9% during the 4th quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider's stock worth $67,000 after buying an additional 277 shares in the last quarter. Institutional investors own 89.05% of the company's stock.

Analysts Set New Price Targets

FAF has been the subject of several recent research reports. Truist Financial lifted their price objective on First American Financial from $68.00 to $73.00 and gave the company a "buy" rating in a report on Friday, October 25th. Barclays upped their price target 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. Stephens lifted their price objective on shares of First American Financial from $66.00 to $73.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Finally, Keefe, Bruyette & Woods lowered their target price on First American Financial from $80.00 to $74.00 and set a "market perform" rating for the company in a report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $73.00.

First American Financial Trading Up 1.0 %

Shares of NYSE:FAF traded up $0.59 during trading on Monday, reaching $58.29. The stock had a trading volume of 484,333 shares, compared to its average volume of 522,419. The company has a market capitalization of $6.00 billion, a P/E ratio of 65.50 and a beta of 1.33. The firm's 50-day simple moving average is $64.79 and its 200 day simple moving average is $62.85. First American Financial Co. has a one year low of $51.60 and a one year high of $70.92.

First American Financial (NYSE:FAF - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.19. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the firm earned $1.22 earnings per share. First American Financial's revenue was down 5.1% compared to the same quarter last year. Equities research analysts forecast that First American Financial Co. will post 4.07 earnings per share for the current fiscal year.

First American Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend was Monday, December 9th. First American Financial's dividend payout ratio (DPR) is presently 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.