Reinhart Partners LLC. Boosts Holdings in First American Financial Co. (NYSE:FAF)

Reinhart Partners LLC. lifted its stake in shares of First American Financial Co. (NYSE:FAF - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,042,158 shares of the insurance provider's stock after purchasing an additional 28,755 shares during the period. First American Financial accounts for 2.5% of Reinhart Partners LLC.'s investment portfolio, making the stock its 15th biggest holding. Reinhart Partners LLC. owned approximately 1.01% of First American Financial worth $65,072,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Commonwealth Equity Services LLC boosted its holdings in shares of First American Financial by 23.2% in the second 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. Ashton Thomas Private Wealth LLC bought a new stake in shares of First American Financial during the second quarter valued at about $47,000. Headlands Technologies LLC lifted its holdings in shares of First American Financial by 2,713.6% in the second quarter. Headlands Technologies LLC now owns 2,476 shares of the insurance provider's stock worth $134,000 after buying an additional 2,388 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of First American Financial by 112.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 10,810 shares of the insurance provider's stock valued at $583,000 after acquiring an additional 5,711 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in First American Financial by 5.6% during the second quarter. Envestnet Asset Management Inc. now owns 149,530 shares of the insurance provider's stock valued at $8,067,000 after acquiring an additional 7,885 shares in the last quarter. Hedge funds and other institutional investors own 89.05% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on FAF. Truist Financial boosted their target price on First American Financial from $68.00 to $73.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Stephens raised their target price on shares of First American Financial from $66.00 to $73.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods cut their price target on shares of First American Financial from $80.00 to $74.00 and set a "market perform" rating for the company in a research note on Wednesday, January 8th. Finally, Barclays raised 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $73.00.

First American Financial Stock Up 1.0 %

Shares of NYSE FAF traded up $0.59 during midday trading on Monday, reaching $58.29. The company had a trading volume of 484,333 shares, compared to its average volume of 522,419. The stock has a market cap of $6.00 billion, a PE ratio of 65.50 and a beta of 1.33. First American Financial Co. has a one year low of $51.60 and a one year high of $70.92. The firm's fifty day moving average price is $64.79 and its 200-day moving average price is $62.85.

First American Financial (NYSE:FAF - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.19. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the company posted $1.22 earnings per share. The business's revenue was down 5.1% on a year-over-year basis. As a group, equities research analysts expect that First American Financial Co. will post 4.07 EPS for the current year.

First American Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend was Monday, December 9th. First American Financial's dividend payout ratio (DPR) is 242.70%.

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.