Meeder Asset Management Inc. Has $6.22 Million Holdings in First American Financial Co. (NYSE:FAF)

Meeder Asset Management Inc. boosted its holdings in First American Financial Co. (NYSE:FAF - Free Report) by 295.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,198 shares of the insurance provider's stock after purchasing an additional 70,361 shares during the quarter. Meeder Asset Management Inc. owned 0.09% of First American Financial worth $6,218,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. grew its stake in First American Financial by 99.1% during the second quarter. Mather Group LLC. now owns 671 shares of the insurance provider's stock worth $36,000 after buying an additional 334 shares in the last quarter. GAMMA Investing LLC increased its stake in First American Financial by 56.9% in the second 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 last quarter. Venturi Wealth Management LLC raised its position in First American Financial by 132.3% during the third quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider's stock valued at $41,000 after purchasing an additional 356 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in First American Financial during the second quarter worth $47,000. Finally, Quarry LP boosted its holdings in shares of First American Financial by 340.8% in the 2nd quarter. Quarry LP now owns 864 shares of the insurance provider's stock valued at $47,000 after purchasing an additional 668 shares in the last quarter. Institutional investors own 89.05% of the company's stock.

First American Financial Price Performance

NYSE FAF traded up $0.92 during trading hours on Tuesday, reaching $66.31. The company's stock had a trading volume of 674,503 shares, compared to its average volume of 673,055. The firm has a fifty day simple moving average of $64.82 and a 200-day simple moving average of $60.11. First American Financial Co. has a 52 week low of $51.60 and a 52 week high of $67.88. The stock has a market cap of $6.83 billion, a P/E ratio of 74.51 and a beta of 1.29.

First American Financial (NYSE:FAF - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.19. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.66 billion. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. First American Financial's revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.22 earnings per share. On average, research analysts expect that First American Financial Co. will post 4.04 earnings per share for the current year.

First American Financial Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.16 annualized dividend and a dividend yield of 3.26%. First American Financial's payout ratio is 242.70%.

Analysts Set New Price Targets

FAF has been the subject of a number of research analyst reports. Stephens boosted their price target on First American Financial from $66.00 to $73.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Truist Financial raised their price target on shares of First American Financial from $68.00 to $73.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Barclays upped their price objective on shares of First American Financial from $70.00 to $72.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of First American Financial from $66.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 4th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $72.50.

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.