First American Financial Co. (NYSE:FAF) Shares Sold by Fmr LLC

FMR LLC cut its stake in First American Financial Co. (NYSE:FAF - Free Report) by 45.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,004,598 shares of the insurance provider's stock after selling 4,242,977 shares during the period. FMR LLC owned 4.86% of First American Financial worth $330,354,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC lifted its position in shares of First American Financial by 132.3% during the third 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 last quarter. Mather Group LLC. lifted its holdings in First American Financial by 99.1% during the 2nd 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 last quarter. GAMMA Investing LLC grew its position 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 acquiring an additional 257 shares in the last quarter. Quarry LP increased 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 acquiring an additional 668 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of First American Financial during the 2nd quarter valued at approximately $47,000. 89.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on FAF shares. Truist Financial lifted their price objective on shares of First American Financial from $68.00 to $73.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Barclays lifted their price target on shares of First American Financial from $70.00 to $72.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Stephens increased their price objective on shares of First American Financial from $66.00 to $73.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Finally, Keefe, Bruyette & Woods lifted 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, First American Financial has a consensus rating of "Moderate Buy" and an average price target of $72.50.

First American Financial Price Performance

Shares of FAF stock traded down $0.48 during trading hours on Friday, reaching $70.15. The stock had a trading volume of 323,515 shares, compared to its average volume of 615,075. The firm has a market capitalization of $7.23 billion, a PE ratio of 78.82 and a beta of 1.29. The firm has a 50-day simple moving average of $65.28 and a 200-day simple moving average of $60.86. First American Financial Co. has a twelve month low of $51.60 and a twelve month high of $70.92.

First American Financial (NYSE:FAF - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 EPS for the quarter, beating the consensus estimate 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 last year, the business earned $1.22 earnings per share. On average, equities analysts anticipate that First American Financial Co. will post 4.07 earnings per share for the current year.

First American Financial Dividend Announcement

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

First American Financial Company 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.