Cerity Partners LLC Raises Holdings in First American Financial Co. (NYSE:FAF)

Cerity Partners LLC raised its stake in shares of First American Financial Co. (NYSE:FAF - Free Report) by 74.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,609 shares of the insurance provider's stock after purchasing an additional 15,589 shares during the period. Cerity Partners LLC's holdings in First American Financial were worth $2,417,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in First American Financial by 16.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,647,709 shares of the insurance provider's stock valued at $196,793,000 after buying an additional 515,710 shares during the last quarter. Ariel Investments LLC boosted its position in shares of First American Financial by 2.8% during the 2nd quarter. Ariel Investments LLC now owns 3,609,697 shares of the insurance provider's stock valued at $194,743,000 after acquiring an additional 97,158 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of First American Financial by 19.4% in the third 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 in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in First American Financial by 4.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,493,111 shares of the insurance provider's stock worth $98,560,000 after purchasing an additional 66,290 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in First American Financial by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,118,145 shares of the insurance provider's stock valued at $73,809,000 after purchasing an additional 8,315 shares in the last quarter. Hedge funds and other institutional investors own 89.05% of the company's stock.

First American Financial Price Performance

Shares of FAF traded up $0.34 during mid-day trading on Monday, reaching $70.49. 787,143 shares of the company's stock traded hands, compared to its average volume of 670,471. First American Financial Co. has a 12 month low of $51.60 and a 12 month high of $70.92. The stock has a market cap of $7.26 billion, a P/E ratio of 79.20 and a beta of 1.29. The stock's 50-day moving average is $65.39 and its two-hundred day moving average is $60.95.

First American Financial (NYSE:FAF - Get Free Report) last released its earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.19. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.66 billion. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. The business's revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.22 earnings per share. Research analysts predict that First American Financial Co. will post 4.07 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. Shareholders of record on Monday, December 9th will be given a $0.54 dividend. The ex-dividend date is Monday, December 9th. This represents a $2.16 annualized dividend and a yield of 3.06%. First American Financial's dividend payout ratio (DPR) is 242.70%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Barclays boosted their target price on shares of First American Financial from $70.00 to $72.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Truist Financial upped 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. Stephens lifted their target price on First American Financial from $66.00 to $73.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Finally, Keefe, Bruyette & Woods increased their price target on First American Financial from $66.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $72.50.

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.