JPMorgan Chase & Co. Buys 10,489 Shares of First American Financial Co. (NYSE:FAF)

JPMorgan Chase & Co. grew its stake in First American Financial Co. (NYSE:FAF - Free Report) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 214,820 shares of the insurance provider's stock after purchasing an additional 10,489 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.21% of First American Financial worth $14,180,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Venturi Wealth Management LLC raised its position in shares of First American Financial by 132.3% in the third quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider's stock valued at $41,000 after purchasing an additional 356 shares during the period. Quarry LP raised its position in shares of First American Financial by 340.8% in the second quarter. Quarry LP now owns 864 shares of the insurance provider's stock valued at $47,000 after purchasing an additional 668 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of First American Financial in the second quarter valued at about $47,000. Blue Trust Inc. raised its position in shares of First American Financial by 214.2% in the third quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider's stock valued at $67,000 after purchasing an additional 696 shares during the period. Finally, Sunbelt Securities Inc. bought a new position in shares of First American Financial in the third quarter valued at about $75,000. 89.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on FAF shares. Keefe, Bruyette & Woods decreased their price target 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. Stephens upped their price target 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. Barclays upped 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 research note on Friday, October 25th. Finally, Truist Financial upped their price target on shares of First American Financial from $68.00 to $73.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $73.00.

First American Financial Trading Down 3.6 %

FAF stock traded down $2.14 during mid-day trading on Friday, hitting $57.88. The stock had a trading volume of 857,353 shares, compared to its average volume of 513,992. First American Financial Co. has a 52 week low of $51.60 and a 52 week high of $70.92. The firm has a market capitalization of $5.96 billion, a P/E ratio of 65.03 and a beta of 1.33. The firm has a fifty day simple moving average of $64.79 and a 200 day simple moving average of $62.78.

First American Financial (NYSE:FAF - Get Free Report) last released its 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. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the firm earned $1.22 EPS. The business's quarterly revenue was down 5.1% compared to the same quarter last year. As a group, equities analysts expect that First American Financial Co. will post 4.07 earnings per share for the current fiscal year.

First American Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend was Monday, December 9th. 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.