Barclays PLC Buys 8,047 Shares of First American Financial Co. (NYSE:FAF)

Barclays PLC raised its stake in First American Financial Co. (NYSE:FAF - Free Report) by 15.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 60,821 shares of the insurance provider's stock after buying an additional 8,047 shares during the quarter. Barclays PLC owned 0.06% of First American Financial worth $4,016,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC raised its holdings in First American Financial by 23.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 20,783 shares of the insurance provider's stock worth $1,121,000 after acquiring an additional 3,914 shares during the period. nVerses Capital LLC bought a new position in First American Financial in the 2nd quarter valued at $194,000. Arizona State Retirement System grew its holdings in shares of First American Financial by 1.8% during the second quarter. Arizona State Retirement System now owns 28,864 shares of the insurance provider's stock worth $1,557,000 after purchasing an additional 507 shares during the last quarter. Savant Capital LLC increased its stake in shares of First American Financial by 303.2% in the second quarter. Savant Capital LLC now owns 15,797 shares of the insurance provider's stock valued at $852,000 after buying an additional 11,879 shares in the last quarter. Finally, Custom Index Systems LLC raised its holdings in shares of First American Financial by 2.3% in the second quarter. Custom Index Systems LLC now owns 8,218 shares of the insurance provider's stock valued at $443,000 after buying an additional 182 shares during the last quarter. Institutional investors and hedge funds own 89.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Stephens boosted their target price on First American Financial from $66.00 to $73.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Truist Financial increased their target price on shares of First American Financial from $68.00 to $73.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $80.00 price target on shares of First American Financial in a research report on Tuesday, December 10th. Finally, Barclays upped their price objective on shares of 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. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.50.

First American Financial Price Performance

FAF stock traded down $0.32 during trading hours on Monday, reaching $62.50. The stock had a trading volume of 444,153 shares, compared to its average volume of 666,514. The stock has a market capitalization of $6.44 billion, a PE ratio of 70.23 and a beta of 1.30. The stock has a 50-day simple moving average of $65.73 and a 200 day simple moving average of $61.98. First American Financial Co. has a fifty-two week low of $51.60 and a fifty-two week high of $70.92.

First American Financial (NYSE:FAF - Get Free Report) last released its quarterly earnings data 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 net margin of 1.58% and a return on equity of 7.95%. The firm had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.66 billion. During the same period in the previous year, the business posted $1.22 earnings per share. The company's revenue for the quarter was down 5.1% compared to the same quarter last year. On average, sell-side analysts forecast that First American Financial Co. will post 4.07 EPS for the current fiscal year.

First American Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Monday, December 9th. First American Financial's dividend payout ratio is currently 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.