Intech Investment Management LLC Sells 15,915 Shares of First American Financial Co. (NYSE:FAF)

Intech Investment Management LLC decreased its holdings in First American Financial Co. (NYSE:FAF - Free Report) by 52.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,416 shares of the insurance provider's stock after selling 15,915 shares during the period. Intech Investment Management LLC's holdings in First American Financial were worth $952,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FAF. Boston Partners lifted its position in First American Financial by 13.3% in the first quarter. Boston Partners now owns 4,074,181 shares of the insurance provider's stock valued at $248,237,000 after purchasing an additional 479,618 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of First American Financial by 16.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,647,709 shares of the insurance provider's stock worth $196,793,000 after buying an additional 515,710 shares during the period. Ariel Investments LLC raised its holdings in First American Financial by 2.8% during the 2nd quarter. Ariel Investments LLC now owns 3,609,697 shares of the insurance provider's stock valued at $194,743,000 after buying an additional 97,158 shares during the last quarter. Victory Capital Management Inc. boosted its position in First American Financial by 19.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,495,766 shares of the insurance provider's stock valued at $164,746,000 after buying an additional 405,146 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in First American Financial by 4.6% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,493,111 shares of the insurance provider's stock worth $98,560,000 after acquiring an additional 66,290 shares during the last quarter. Institutional investors own 89.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FAF. Stephens upped their price objective 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. Keefe, Bruyette & Woods upped their price target on First American Financial from $66.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, September 4th. Barclays lifted their price objective on 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, Truist Financial boosted 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. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $72.50.

First American Financial Trading Down 0.7 %

First American Financial stock traded down $0.48 during trading hours on Friday, hitting $70.15. 323,515 shares of the stock traded hands, compared to its average volume of 670,512. First American Financial Co. has a one year low of $51.60 and a one year high of $70.92. The company has a market cap of $7.23 billion, a PE ratio of 78.82 and a beta of 1.29. The firm's 50-day moving average price is $65.18 and its two-hundred day moving average price is $60.70.

First American Financial (NYSE:FAF - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.19. The company had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.66 billion. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. The firm's revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.22 earnings per share. On average, sell-side analysts expect 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 disclosed 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 presently 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.