First American Financial Co. (NYSE:FAF) Stock Position Lifted by Two Sigma Advisers LP

Two Sigma Advisers LP raised its holdings in First American Financial Co. (NYSE:FAF - Free Report) by 239.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 192,900 shares of the insurance provider's stock after purchasing an additional 136,100 shares during the period. Two Sigma Advisers LP owned about 0.19% of First American Financial worth $12,733,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position 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 position in shares of First American Financial by 2.8% in the 2nd quarter. Ariel Investments LLC now owns 3,609,697 shares of the insurance provider's stock valued at $194,743,000 after purchasing an additional 97,158 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of First American Financial by 19.4% in the 3rd quarter. Victory Capital Management Inc. now owns 2,495,766 shares of the insurance provider's stock valued at $164,746,000 after purchasing an additional 405,146 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position 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 purchasing an additional 66,290 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of First American Financial by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,118,145 shares of the insurance provider's stock valued at $73,809,000 after purchasing an additional 8,315 shares in the last quarter. 89.05% of the stock is owned by institutional investors and hedge funds.

First American Financial Price Performance

Shares of FAF stock traded down $1.91 on Tuesday, hitting $65.82. 593,578 shares of the stock traded hands, compared to its average volume of 667,827. First American Financial Co. has a 1-year low of $51.60 and a 1-year high of $70.92. The company's fifty day moving average is $65.76 and its 200 day moving average is $61.38. The company has a market capitalization of $6.78 billion, a PE ratio of 76.10 and a beta of 1.30.

First American Financial (NYSE:FAF - Get Free Report) last issued its earnings results 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. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the company earned $1.22 earnings per share. The firm's revenue for the quarter was down 5.1% on a year-over-year basis. As a group, equities research analysts expect that First American Financial Co. will post 4.07 EPS for the current year.

First American Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.28%. The ex-dividend date of this dividend is Monday, December 9th. First American Financial's dividend payout ratio is presently 242.70%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FAF. Truist Financial upped their target price on First American Financial from $68.00 to $73.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Stephens upped their price target on First American Financial from $66.00 to $73.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Barclays upped their price target on 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. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and set a $80.00 price target on shares of First American Financial in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $74.50.

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.