Charles Schwab Investment Management Inc. Boosts Holdings in First American Financial Co. (NYSE:FAF)

Charles Schwab Investment Management Inc. grew its position in shares of First American Financial Co. (NYSE:FAF - Free Report) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,118,145 shares of the insurance provider's stock after acquiring an additional 8,315 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.09% of First American Financial worth $73,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in FAF. Mather Group LLC. lifted its holdings in First American Financial by 99.1% during the second quarter. Mather Group LLC. now owns 671 shares of the insurance provider's stock valued at $36,000 after purchasing an additional 334 shares during the last quarter. GAMMA Investing LLC boosted its holdings in First American Financial by 56.9% during the 2nd quarter. GAMMA Investing LLC now owns 709 shares of the insurance provider's stock valued at $38,000 after acquiring an additional 257 shares during the period. Venturi Wealth Management LLC raised its holdings in First American Financial by 132.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider's stock valued at $41,000 after buying an additional 356 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in First American Financial during the 2nd quarter valued at about $47,000. Finally, Quarry LP lifted its stake in First American Financial by 340.8% in the second quarter. Quarry LP now owns 864 shares of the insurance provider's stock worth $47,000 after acquiring an additional 668 shares during the period. Hedge funds and other institutional investors own 89.05% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FAF. Stephens boosted their target price 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. Barclays increased 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. Truist Financial increased their price objective on shares of First American Financial from $68.00 to $73.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Finally, Keefe, Bruyette & Woods upped their price target on shares of First American Financial from $66.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $72.50.

First American Financial Stock Down 0.7 %

Shares of NYSE:FAF traded down $0.48 during midday trading on Friday, reaching $70.15. The company's stock had a trading volume of 323,515 shares, compared to its average volume of 670,512. The stock has a fifty day moving average of $65.18 and a 200 day moving average of $60.70. The firm has a market capitalization of $7.23 billion, a PE ratio of 78.82 and a beta of 1.29. First American Financial Co. has a twelve month low of $51.60 and a twelve month high of $70.92.

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

First American Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.16 annualized dividend and a dividend yield of 3.08%. 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.