First American Financial Co. (NYSE:FAF) Stock Position Lifted by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. grew its stake in First American Financial Co. (NYSE:FAF - Free Report) by 83.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 893,216 shares of the insurance provider's stock after acquiring an additional 405,487 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.87% of First American Financial worth $58,961,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mather Group LLC. lifted its position 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 during the period. GAMMA Investing LLC raised its holdings in shares of First American Financial by 56.9% in the 2nd quarter. GAMMA Investing LLC now owns 709 shares of the insurance provider's stock worth $38,000 after purchasing an additional 257 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of First American Financial by 132.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider's stock worth $41,000 after purchasing an additional 356 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of First American Financial in the 2nd quarter worth about $47,000. Finally, Quarry LP raised 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 worth $47,000 after purchasing an additional 668 shares during the period. 89.05% of the stock is currently owned by hedge funds and other institutional investors.

First American Financial Trading Down 0.7 %

NYSE FAF traded down $0.47 during mid-day trading on Wednesday, reaching $69.14. 134,193 shares of the company's stock traded hands, compared to its average volume of 668,953. First American Financial Co. has a 1-year low of $51.60 and a 1-year high of $70.92. The company has a fifty day simple moving average of $65.49 and a 200-day simple moving average of $61.04. The company has a market cap of $7.12 billion, a price-to-earnings ratio of 78.21 and a beta of 1.30.

First American Financial (NYSE:FAF - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $1.66 billion. During the same quarter last year, the firm earned $1.22 EPS. First American Financial's quarterly revenue was down 5.1% on a year-over-year basis. Equities research analysts forecast that First American Financial Co. will post 4.07 earnings per share for the current fiscal year.

First American Financial Dividend Announcement

The company 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 dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Monday, December 9th. First American Financial's dividend payout ratio is presently 242.70%.

Analyst Ratings Changes

FAF has been the topic of a number of research reports. Barclays raised their price objective on First American Financial from $70.00 to $72.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Keefe, Bruyette & Woods increased 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. Truist Financial increased their target price on First American Financial from $68.00 to $73.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Finally, Stephens increased their target price on 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 analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, First American Financial has an average 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.