Janney Montgomery Scott LLC Reduces Holdings in First American Financial Co. (NYSE:FAF)

Janney Montgomery Scott LLC trimmed its position in shares of First American Financial Co. (NYSE:FAF - Free Report) by 21.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,546 shares of the insurance provider's stock after selling 6,234 shares during the quarter. Janney Montgomery Scott LLC's holdings in First American Financial were worth $1,408,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Blossom Wealth Management increased its position in First American Financial by 2.4% during the third quarter. Blossom Wealth Management now owns 7,105 shares of the insurance provider's stock worth $469,000 after buying an additional 165 shares in the last quarter. UMB Bank n.a. raised its stake in First American Financial by 66.9% in the 4th quarter. UMB Bank n.a. now owns 524 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 210 shares during the last quarter. Pallas Capital Advisors LLC lifted its holdings in First American Financial by 4.6% in the 4th quarter. Pallas Capital Advisors LLC now owns 6,149 shares of the insurance provider's stock valued at $384,000 after purchasing an additional 272 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of First American Financial by 34.9% during the 4th quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider's stock worth $67,000 after purchasing an additional 277 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of First American Financial by 132.3% during 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 last quarter. Institutional investors and hedge funds own 89.05% of the company's stock.

First American Financial Stock Down 0.1 %

Shares of NYSE FAF traded down $0.08 during midday trading on Friday, hitting $64.02. The stock had a trading volume of 339,185 shares, compared to its average volume of 431,823. First American Financial Co. has a 1-year low of $51.60 and a 1-year high of $70.92. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 71.93 and a beta of 1.33. The company has a fifty day moving average price of $63.46 and a 200 day moving average price of $63.71.

First American Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.54 per share. The ex-dividend date is Monday, March 10th. This represents a $2.16 annualized dividend and a yield of 3.37%. First American Financial's dividend payout ratio is currently 242.70%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of First American Financial from $80.00 to $74.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 8th. Barclays raised their price target on First American Financial from $70.00 to $72.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. 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. Finally, Truist Financial raised their target price on shares of First American Financial from $68.00 to $73.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $73.00.

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.