Natixis Advisors LLC Raises Stock Holdings in First American Financial Co. (NYSE:FAF)

Natixis Advisors LLC grew its position in First American Financial Co. (NYSE:FAF - Free Report) by 6.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 364,736 shares of the insurance provider's stock after purchasing an additional 22,228 shares during the period. Natixis Advisors LLC owned about 0.35% of First American Financial worth $24,077,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FAF. Vanguard Group Inc. grew its position in First American Financial by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 10,567,038 shares of the insurance provider's stock worth $645,118,000 after purchasing an additional 431,089 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in First American Financial by 6.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,426,821 shares of the insurance provider's stock worth $76,977,000 after buying an additional 86,330 shares in the last quarter. SG Americas Securities LLC bought a new position in First American Financial in the second quarter valued at about $1,191,000. Tidal Investments LLC acquired a new stake in shares of First American Financial during the 1st quarter worth approximately $812,000. Finally, Quadrature Capital Ltd grew its holdings in First American Financial by 163.7% during the 1st quarter. Quadrature Capital Ltd now owns 23,725 shares of the insurance provider's stock worth $1,447,000 after acquiring an additional 14,727 shares during the period. Institutional investors and hedge funds own 89.05% of the company's stock.

First American Financial Stock Performance

Shares of FAF stock traded up $0.33 on Tuesday, hitting $65.72. 107,167 shares of the company's stock traded hands, compared to its average volume of 670,608. First American Financial Co. has a one year low of $51.60 and a one year high of $67.88. The company's fifty day simple moving average is $64.79 and its 200 day simple moving average is $59.95. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 75.28 and a beta of 1.29.

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 analysts' consensus estimates of $1.15 by $0.19. The company had revenue of $1.41 billion during 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.22 EPS. As a group, sell-side analysts anticipate that First American Financial Co. will post 4.04 earnings per share for the current fiscal year.

First American Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Monday, December 9th. First American Financial's dividend payout ratio (DPR) is presently 242.70%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FAF shares. Barclays increased their price objective on shares of 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. Truist Financial lifted their price objective 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. 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 report on Friday, October 25th. Finally, Keefe, Bruyette & Woods increased their price target on First American Financial from $66.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $72.50.

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.