Qsemble Capital Management LP Sells 10,207 Shares of First American Financial Co. (NYSE:FAF)

Qsemble Capital Management LP lowered its stake in shares of First American Financial Co. (NYSE:FAF - Free Report) by 74.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,494 shares of the insurance provider's stock after selling 10,207 shares during the quarter. Qsemble Capital Management LP's holdings in First American Financial were worth $231,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in FAF. Blossom Wealth Management grew its position in shares of First American Financial by 2.4% during the 3rd quarter. Blossom Wealth Management now owns 7,105 shares of the insurance provider's stock valued at $469,000 after acquiring an additional 165 shares during the period. Custom Index Systems LLC boosted its position in First American Financial by 2.3% during the second quarter. Custom Index Systems LLC now owns 8,218 shares of the insurance provider's stock worth $443,000 after purchasing an additional 182 shares during the period. Pacer Advisors Inc. increased its stake in shares of First American Financial by 1.2% in the second quarter. Pacer Advisors Inc. now owns 15,560 shares of the insurance provider's stock worth $839,000 after purchasing an additional 187 shares in the last quarter. GAMMA Investing LLC raised its position in shares of First American Financial by 56.9% in the second quarter. GAMMA Investing LLC now owns 709 shares of the insurance provider's stock valued at $38,000 after purchasing an additional 257 shares during the period. Finally, Linden Thomas Advisory Services LLC grew its stake in First American Financial by 1.1% during the second quarter. Linden Thomas Advisory Services LLC now owns 25,897 shares of the insurance provider's stock valued at $1,397,000 after acquiring an additional 284 shares in the last quarter. Institutional investors own 89.05% of the company's stock.

First American Financial Stock Up 2.0 %

Shares of First American Financial stock traded up $1.38 during trading on Thursday, hitting $70.63. 838,160 shares of the stock traded hands, compared to its average volume of 672,021. First American Financial Co. has a 52 week low of $51.60 and a 52 week high of $70.92. The firm's fifty day moving average is $65.10 and its 200-day moving average is $60.63. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 79.36 and a beta of 1.29.

First American Financial (NYSE:FAF - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share (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 net margin of 1.58% and a return on equity of 7.95%. The firm's 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. On average, analysts forecast that First American Financial Co. will post 4.07 earnings per share for the current fiscal year.

First American Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.06%. First American Financial's dividend payout ratio (DPR) is currently 242.70%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FAF shares. Truist Financial boosted their target price on First American Financial from $68.00 to $73.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Stephens boosted their price objective on First American Financial from $66.00 to $73.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Barclays raised their target price 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, Keefe, Bruyette & Woods boosted their price target on shares of First American Financial from $66.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $72.50.

About First American Financial

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.