Loomis Sayles & Co. L P Raises Position in First American Financial Co. (NYSE:FAF)

Loomis Sayles & Co. L P grew its holdings in shares of First American Financial Co. (NYSE:FAF - Free Report) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 260,455 shares of the insurance provider's stock after purchasing an additional 12,440 shares during the period. Loomis Sayles & Co. L P owned approximately 0.25% of First American Financial worth $17,192,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in First American Financial by 16.5% in 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 in the last quarter. Boston Partners increased its stake in First American Financial by 13.3% in the 1st quarter. Boston Partners now owns 4,074,181 shares of the insurance provider's stock valued at $248,237,000 after purchasing an additional 479,618 shares in the last quarter. Victory Capital Management Inc. raised its holdings in First American Financial by 19.4% during the third quarter. Victory Capital Management Inc. now owns 2,495,766 shares of the insurance provider's stock worth $164,746,000 after purchasing an additional 405,146 shares during the last quarter. Reinhart Partners LLC. boosted its position in First American Financial by 65.8% during the second quarter. Reinhart Partners LLC. now owns 943,755 shares of the insurance provider's stock worth $50,916,000 after purchasing an additional 374,662 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in First American Financial by 245.1% in the second quarter. AQR Capital Management LLC now owns 419,995 shares of the insurance provider's stock valued at $22,659,000 after purchasing an additional 298,302 shares during the last quarter. 89.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Truist Financial lifted their target price on shares of First American Financial from $68.00 to $73.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods upped their target price on First American Financial from $66.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, September 4th. Stephens raised their price target on First American Financial from $66.00 to $73.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Finally, Barclays upped their price objective on 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. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, First American Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.50.

First American Financial Price Performance

FAF stock traded up $1.38 during midday trading on Wednesday, hitting $70.63. The stock had a trading volume of 838,122 shares, compared to its average volume of 672,021. First American Financial Co. has a 12-month low of $51.60 and a 12-month high of $70.92. The firm has a market cap of $7.27 billion, a PE ratio of 77.92 and a beta of 1.29. The company's 50-day moving average price is $65.03 and its 200 day moving average price is $60.56.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.19. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the firm earned $1.22 earnings per share. First American Financial's revenue was down 5.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that First American Financial Co. will post 4.07 EPS for the current year.

First American Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Monday, December 9th. 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.