First American Financial Co. (NYSE:FAF) Stake Lessened by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in First American Financial Co. (NYSE:FAF - Free Report) by 31.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,974 shares of the insurance provider's stock after selling 107,152 shares during the period. Principal Financial Group Inc. owned about 0.23% of First American Financial worth $15,709,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of First American Financial by 4.3% during the first quarter. Vanguard Group Inc. now owns 10,567,038 shares of the insurance provider's stock worth $645,118,000 after buying an additional 431,089 shares during the last quarter. Boston Partners lifted its holdings in shares of First American Financial by 13.3% during the first quarter. Boston Partners now owns 4,074,181 shares of the insurance provider's stock worth $248,237,000 after purchasing an additional 479,618 shares during the period. Dimensional Fund Advisors LP grew its position in First American Financial by 16.5% in the 2nd 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 during the last quarter. Ariel Investments LLC boosted its holdings in shares of First American Financial by 2.8% in the second quarter. Ariel Investments LLC now owns 3,609,697 shares of the insurance provider's stock valued at $194,743,000 after acquiring an additional 97,158 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in First American Financial by 6.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,426,821 shares of the insurance provider's stock valued at $76,977,000 after purchasing an additional 86,330 shares during the period. 89.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Truist Financial increased their price objective 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. Keefe, Bruyette & Woods boosted their target price on First American Financial from $66.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 4th. Barclays raised their price target 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. Finally, 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 report 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. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $72.50.

First American Financial Trading Up 0.2 %

Shares of FAF traded up $0.14 during midday trading on Friday, reaching $64.98. 483,012 shares of the company were exchanged, compared to its average volume of 674,067. First American Financial Co. has a 1-year low of $51.60 and a 1-year high of $67.88. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 73.01 and a beta of 1.29. The stock has a 50-day moving average price of $64.79 and a 200-day moving average price of $59.90.

First American Financial (NYSE:FAF - Get Free Report) last announced its earnings results 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. 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 return on equity of 7.95% and a net margin of 1.58%. The company's revenue was down 5.1% on a year-over-year basis. During the same period last year, the firm earned $1.22 earnings per share. Equities research analysts anticipate that First American Financial Co. will post 3.99 earnings per share for the current 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 paid a dividend of $0.54 per share. The ex-dividend date is Monday, December 9th. This represents a $2.16 annualized dividend and a yield of 3.32%. First American Financial's payout ratio 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.