Choreo LLC Takes Position in First American Financial Co. (NYSE:FAF)

Choreo LLC purchased a new position in shares of First American Financial Co. (NYSE:FAF - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,145 shares of the insurance provider's stock, valued at approximately $382,000.

Several other institutional investors also recently added to or reduced their stakes in FAF. Blossom Wealth Management increased its holdings in shares of First American Financial by 4.1% in the fourth quarter. Blossom Wealth Management now owns 7,395 shares of the insurance provider's stock valued at $462,000 after purchasing an additional 290 shares during the period. Custom Index Systems LLC increased its holdings in shares of First American Financial by 10.9% in the fourth quarter. Custom Index Systems LLC now owns 21,046 shares of the insurance provider's stock valued at $1,314,000 after purchasing an additional 2,071 shares during the period. Hunter Associates Investment Management LLC increased its holdings in shares of First American Financial by 6.0% in the fourth quarter. Hunter Associates Investment Management LLC now owns 43,140 shares of the insurance provider's stock valued at $2,690,000 after purchasing an additional 2,445 shares during the period. Pacer Advisors Inc. increased its holdings in shares of First American Financial by 2.4% in the fourth quarter. Pacer Advisors Inc. now owns 15,353 shares of the insurance provider's stock valued at $959,000 after purchasing an additional 362 shares during the period. Finally, KBC Group NV increased its holdings in shares of First American Financial by 43.6% in the fourth quarter. KBC Group NV now owns 4,444 shares of the insurance provider's stock valued at $277,000 after purchasing an additional 1,349 shares during the period. Institutional investors and hedge funds own 89.05% of the company's stock.

First American Financial Price Performance

FAF traded up $0.78 during trading on Friday, reaching $63.77. 783,726 shares of the stock were exchanged, compared to its average volume of 407,107. The business's 50 day moving average price is $62.73 and its two-hundred day moving average price is $63.97. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 71.65 and a beta of 1.33. First American Financial Co. has a 1 year low of $51.60 and a 1 year high of $70.92.

First American Financial (NYSE:FAF - Get Free Report) last posted its earnings results on Wednesday, February 12th. The insurance provider reported $1.35 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.22. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. On average, analysts anticipate that First American Financial Co. will post 4.07 EPS for the current year.

First American Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a dividend of $0.54 per share. The ex-dividend date is Monday, March 10th. This represents a $2.16 dividend on an annualized basis and a yield of 3.39%. First American Financial's payout ratio is 172.80%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Keefe, Bruyette & Woods decreased their price target on First American Financial from $80.00 to $74.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 8th. Truist Financial lifted their price target on First American Financial from $68.00 to $73.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Stephens lifted their price target on First American Financial from $73.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Barclays lifted their price target on First American Financial from $70.00 to $72.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, First American Financial has an average rating of "Moderate Buy" and a consensus target price of $74.25.

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.