First American Financial Co. (NYSE:FAF) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP raised its position in First American Financial Co. (NYSE:FAF - Free Report) by 56.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,825 shares of the insurance provider's stock after buying an additional 12,934 shares during the quarter. Quantinno Capital Management LP's holdings in First American Financial were worth $2,365,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of FAF. Venturi Wealth Management LLC lifted its holdings in shares of First American Financial by 132.3% in the third quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider's stock valued at $41,000 after buying an additional 356 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of First American Financial in the 2nd quarter valued at approximately $47,000. Quarry LP boosted its stake in First American Financial by 340.8% in the second quarter. Quarry LP now owns 864 shares of the insurance provider's stock worth $47,000 after purchasing an additional 668 shares in the last quarter. Blue Trust Inc. grew its stake in shares of First American Financial by 214.2% during the third quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider's stock valued at $67,000 after purchasing an additional 696 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of First American Financial in the 3rd quarter worth $87,000. Hedge funds and other institutional investors own 89.05% of the company's stock.

Wall Street Analyst Weigh In

FAF has been the topic of several research reports. Barclays increased their price objective on shares of First American Financial from $70.00 to $72.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Truist Financial upped 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 upped their target price on shares of First American Financial from $66.00 to $73.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $80.00 price objective on shares of First American Financial in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, First American Financial presently has a consensus rating of "Moderate Buy" and an average target price of $74.50.

First American Financial Trading Down 0.5 %

Shares of NYSE:FAF traded down $0.30 during midday trading on Wednesday, reaching $65.52. 236,425 shares of the company were exchanged, compared to its average volume of 666,048. The stock has a market cap of $6.75 billion, a PE ratio of 73.96 and a beta of 1.30. The business's fifty day moving average is $65.75 and its two-hundred day moving average is $61.45. First American Financial Co. has a one year low of $51.60 and a one year high of $70.92.

First American Financial (NYSE:FAF - Get Free Report) last announced its quarterly 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. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the firm earned $1.22 EPS. The firm's revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, sell-side analysts expect that First American Financial Co. will post 4.07 EPS for the current year.

First American Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Monday, December 9th. First American Financial's payout ratio is currently 242.70%.

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.