Custom Index Systems LLC Purchases 10,757 Shares of First American Financial Co. (NYSE:FAF)

Custom Index Systems LLC boosted its holdings in shares of First American Financial Co. (NYSE:FAF - Free Report) by 130.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,975 shares of the insurance provider's stock after buying an additional 10,757 shares during the quarter. First American Financial comprises 0.7% of Custom Index Systems LLC's portfolio, making the stock its 29th biggest holding. Custom Index Systems LLC's holdings in First American Financial were worth $1,253,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in First American Financial by 16.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,647,709 shares of the insurance provider's stock worth $196,793,000 after acquiring an additional 515,710 shares during the period. Boston Partners lifted its position in shares of First American Financial by 13.3% during the 1st quarter. Boston Partners now owns 4,074,181 shares of the insurance provider's stock worth $248,237,000 after purchasing an additional 479,618 shares during the last quarter. Vanguard Group Inc. boosted its stake in First American Financial by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 10,567,038 shares of the insurance provider's stock valued at $645,118,000 after purchasing an additional 431,089 shares during the period. Reinhart Partners LLC. boosted its stake in First American Financial by 65.8% during the 2nd quarter. Reinhart Partners LLC. now owns 943,755 shares of the insurance provider's stock valued at $50,916,000 after purchasing an additional 374,662 shares during the period. Finally, AQR Capital Management LLC increased its position in First American Financial by 245.1% in the 2nd quarter. AQR Capital Management LLC now owns 419,995 shares of the insurance provider's stock worth $22,659,000 after buying an additional 298,302 shares during the period. 89.05% of the stock is currently owned by institutional investors.

First American Financial Stock Down 1.0 %

FAF stock traded down $0.66 during midday trading on Friday, reaching $63.28. 550,624 shares of the company's stock traded hands, compared to its average volume of 724,231. The company has a 50-day simple moving average of $64.71 and a two-hundred day simple moving average of $59.09. First American Financial Co. has a 1-year low of $49.55 and a 1-year high of $67.88. The company has a market cap of $6.51 billion, a price-to-earnings ratio of 33.84 and a beta of 1.29.

First American Financial (NYSE:FAF - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share 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 analyst estimates of $1.66 billion. First American Financial had a return on equity of 7.98% and a net margin of 3.28%. The firm's quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the company posted $1.22 earnings per share. Equities research analysts forecast that First American Financial Co. will post 3.89 EPS for the current year.

First American Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 20th were paid a $0.54 dividend. The ex-dividend date of this dividend was Friday, September 20th. This is an increase from First American Financial's previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.41%. First American Financial's payout ratio is currently 115.51%.

Analyst Ratings Changes

Several research firms have recently issued reports on FAF. Truist Financial boosted 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. Barclays increased their target price on First American Financial from $70.00 to $72.00 and gave the stock an "equal weight" rating in a report on Friday. Stephens boosted their price target on First American Financial from $66.00 to $73.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Keefe, Bruyette & Woods increased their price objective on First American Financial from $66.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 4th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $72.50.

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.