ARGA Investment Management LP Has $16.45 Million Stake in First American Financial Co. (NYSE:FAF)

ARGA Investment Management LP lifted its stake in shares of First American Financial Co. (NYSE:FAF - Free Report) by 1,801.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 249,174 shares of the insurance provider's stock after buying an additional 236,071 shares during the quarter. First American Financial accounts for approximately 0.5% of ARGA Investment Management LP's holdings, making the stock its 26th largest holding. ARGA Investment Management LP owned about 0.24% of First American Financial worth $16,448,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Blossom Wealth Management raised its stake in shares of First American Financial by 2.4% during the third quarter. Blossom Wealth Management now owns 7,105 shares of the insurance provider's stock valued at $469,000 after purchasing an additional 165 shares during the period. Custom Index Systems LLC lifted its holdings in First American Financial by 2.3% in the 2nd quarter. Custom Index Systems LLC now owns 8,218 shares of the insurance provider's stock worth $443,000 after buying an additional 182 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of First American Financial by 1.2% during the second quarter. Pacer Advisors Inc. now owns 15,560 shares of the insurance provider's stock valued at $839,000 after acquiring an additional 187 shares in the last quarter. GAMMA Investing LLC increased its position in shares of First American Financial by 56.9% during the second quarter. GAMMA Investing LLC now owns 709 shares of the insurance provider's stock worth $38,000 after acquiring an additional 257 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its stake in shares of First American Financial by 1.1% in the second quarter. Linden Thomas Advisory Services LLC now owns 25,897 shares of the insurance provider's stock worth $1,397,000 after acquiring an additional 284 shares in the last quarter. 89.05% of the stock is owned by institutional investors and hedge funds.

First American Financial Stock Down 0.7 %

Shares of NYSE:FAF traded down $0.48 on Friday, reaching $70.15. 323,515 shares of the company's stock were exchanged, compared to its average volume of 615,075. The firm has a market capitalization of $7.23 billion, a price-to-earnings ratio of 78.82 and a beta of 1.29. The business's 50-day moving average is $65.28 and its two-hundred day moving average is $60.86. First American Financial Co. has a fifty-two week low of $51.60 and a fifty-two week high of $70.92.

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

First American Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Monday, December 9th. First American Financial's dividend payout ratio (DPR) is currently 242.70%.

Wall Street Analysts Forecast Growth

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

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.