9,500 Shares in First American Financial Co. (NYSE:FAF) Purchased by Entropy Technologies LP

Entropy Technologies LP purchased a new position in First American Financial Co. (NYSE:FAF - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,500 shares of the insurance provider's stock, valued at approximately $593,000.

Other institutional investors also recently bought and sold shares of the company. Bar Harbor Wealth Management lifted its position in First American Financial by 43.6% in the fourth quarter. Bar Harbor Wealth Management now owns 96,627 shares of the insurance provider's stock worth $6,033,000 after buying an additional 29,324 shares during the last quarter. Barclays PLC lifted its position in First American Financial by 15.2% in the third quarter. Barclays PLC now owns 60,821 shares of the insurance provider's stock worth $4,016,000 after buying an additional 8,047 shares during the last quarter. JPMorgan Chase & Co. lifted its position in First American Financial by 5.1% in the third quarter. JPMorgan Chase & Co. now owns 214,820 shares of the insurance provider's stock worth $14,180,000 after buying an additional 10,489 shares during the last quarter. Oak Thistle LLC purchased a new stake in First American Financial in the fourth quarter worth $1,476,000. Finally, Geode Capital Management LLC increased its stake in First American Financial by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,700,903 shares of the insurance provider's stock worth $112,306,000 after purchasing an additional 12,668 shares during the period. 89.05% of the stock is currently owned by institutional investors.

First American Financial Trading Up 1.2 %

Shares of First American Financial stock traded up $0.78 during trading on Friday, hitting $63.77. 783,726 shares of the stock traded hands, compared to its average volume of 407,107. The firm has a market cap of $6.57 billion, a P/E ratio of 71.65 and a beta of 1.33. First American Financial Co. has a 52-week low of $51.60 and a 52-week high of $70.92. The stock's fifty day simple moving average is $62.73 and its 200 day simple moving average is $63.95.

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

First American Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a $0.54 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.16 annualized dividend and a yield of 3.39%. First American Financial's dividend payout ratio (DPR) is presently 242.70%.

Analyst Ratings Changes

A number of analysts have weighed in on FAF shares. Truist Financial increased their target price on First American Financial from $68.00 to $73.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Barclays increased their target price on First American Financial from $70.00 to $72.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. Stephens raised 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, Keefe, Bruyette & Woods cut 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. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $74.25.

About First American Financial

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.