23,646 Shares in First American Financial Co. (NYSE:FAF) Acquired by Oak Thistle LLC

Oak Thistle LLC acquired a new position in First American Financial Co. (NYSE:FAF - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 23,646 shares of the insurance provider's stock, valued at approximately $1,476,000.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of 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 valued at $196,793,000 after purchasing an additional 515,710 shares in the last quarter. Ariel Investments LLC raised its stake in First American Financial by 2.8% during the second quarter. Ariel Investments LLC now owns 3,609,697 shares of the insurance provider's stock valued at $194,743,000 after buying an additional 97,158 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in First American Financial by 19.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,495,766 shares of the insurance provider's stock worth $164,746,000 after buying an additional 405,146 shares during the last quarter. Geode Capital Management LLC grew its position in shares of First American Financial by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,700,903 shares of the insurance provider's stock worth $112,306,000 after acquiring an additional 12,668 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in shares of First American Financial by 4.6% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,493,111 shares of the insurance provider's stock valued at $98,560,000 after acquiring an additional 66,290 shares during the last quarter. 89.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on FAF shares. Truist Financial lifted 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, October 25th. Keefe, Bruyette & Woods lowered their target price on First American Financial from $80.00 to $74.00 and set a "market perform" rating for the company in a report on Wednesday, January 8th. Stephens raised their price target on First American Financial from $66.00 to $73.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Finally, Barclays upped their price objective 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. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $73.00.

First American Financial Stock Up 2.0 %

First American Financial stock traded up $1.18 during mid-day trading on Wednesday, hitting $60.66. 473,668 shares of the company's stock traded hands, compared to its average volume of 512,174. First American Financial Co. has a one year low of $51.60 and a one year high of $70.92. The firm has a 50 day moving average price of $64.63 and a 200 day moving average price of $62.93. The company has a market cap of $6.25 billion, a PE ratio of 68.16 and a beta of 1.33.

First American Financial (NYSE:FAF - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.19. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.66 billion. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. The company's quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.22 earnings per share. On average, analysts expect that First American Financial Co. will post 4.07 earnings per share for the current fiscal year.

First American Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date was Monday, December 9th. First American Financial's dividend payout ratio 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.