Raymond James & Associates Has $7.31 Million Stock Holdings in First American Financial Co. (NYSE:FAF)

Raymond James & Associates reduced its stake in shares of First American Financial Co. (NYSE:FAF - Free Report) by 7.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,747 shares of the insurance provider's stock after selling 8,688 shares during the quarter. Raymond James & Associates owned 0.11% of First American Financial worth $7,310,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. ST Germain D J Co. Inc. raised its stake in First American Financial by 1.1% during the 3rd quarter. ST Germain D J Co. Inc. now owns 228,261 shares of the insurance provider's stock valued at $15,068,000 after purchasing an additional 2,521 shares during the last quarter. Blue Trust Inc. increased its holdings in First American Financial by 214.2% in the 3rd quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider's stock valued at $67,000 after buying an additional 696 shares during the period. Bar Harbor Wealth Management increased its holdings in First American Financial by 31.2% in the 3rd quarter. Bar Harbor Wealth Management now owns 67,303 shares of the insurance provider's stock valued at $4,443,000 after buying an additional 16,015 shares during the period. Sentry LLC bought a new stake in First American Financial in the 3rd quarter valued at $243,000. Finally, Koshinski Asset Management Inc. bought a new stake in First American Financial in the 3rd quarter valued at $211,000. 89.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FAF has been the topic of several analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of First American Financial from $66.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, September 4th. Stephens boosted their price target on shares of First American Financial from $66.00 to $73.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Truist Financial boosted their price target on shares of First American Financial from $68.00 to $73.00 and gave the company a "buy" rating in a report on Friday, October 25th. Finally, Barclays upped their target price on shares of First American Financial from $70.00 to $72.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, First American Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $72.50.

First American Financial Price Performance

Shares of FAF traded down $0.51 during trading hours on Thursday, hitting $64.16. The stock had a trading volume of 445,206 shares, compared to its average volume of 674,238. The company's fifty day moving average is $64.85 and its two-hundred day moving average is $59.23. First American Financial Co. has a 52 week low of $50.54 and a 52 week high of $67.88. The stock has a market capitalization of $6.60 billion, a price-to-earnings ratio of 72.43 and a beta of 1.29.

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 (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.19. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.66 billion. First American Financial had a net margin of 3.28% and a return on equity of 7.98%. The firm's quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.22 EPS. Equities analysts predict that First American Financial Co. will post 3.89 EPS for the current fiscal year.

First American Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 20th were given a dividend of $0.54 per share. This is an increase from First American Financial's previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, September 20th. This represents a $2.16 annualized dividend and a yield of 3.37%. First American Financial's dividend payout ratio is 242.70%.

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.