UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 8,610 Shares of First American Financial Co. (NYSE:FAF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of First American Financial Co. (NYSE:FAF - Free Report) by 2.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 332,913 shares of the insurance provider's stock after selling 8,610 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.32% of First American Financial worth $21,976,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in First American Financial by 9.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,743 shares of the insurance provider's stock valued at $1,237,000 after purchasing an additional 1,635 shares during the period. Blueshift Asset Management LLC acquired a new stake in First American Financial in the 3rd quarter worth $471,000. Advantage Alpha Capital Partners LP acquired a new stake in First American Financial during the third quarter worth about $5,131,000. Prospector Partners LLC grew its holdings in shares of First American Financial by 0.5% during the 3rd quarter. Prospector Partners LLC now owns 89,225 shares of the insurance provider's stock worth $5,890,000 after purchasing an additional 415 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased its holdings in First American Financial by 5.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 260,455 shares of the insurance provider's stock valued at $17,192,000 after buying an additional 12,440 shares during the period. 89.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FAF. Barclays increased their target price on First American Financial from $70.00 to $72.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Stephens boosted their target price on shares of First American Financial from $66.00 to $73.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods increased their target price on shares of First American Financial from $66.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 4th. Finally, 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 research report on Friday, October 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, First American Financial has an average rating of "Moderate Buy" and an average target price of $72.50.

First American Financial Stock Down 0.1 %

NYSE:FAF traded down $0.04 during mid-day trading on Friday, reaching $68.83. 459,334 shares of the company were exchanged, compared to its average volume of 669,466. The stock has a market cap of $7.09 billion, a PE ratio of 77.34 and a beta of 1.30. First American Financial Co. has a 12 month low of $51.60 and a 12 month high of $70.92. The company has a fifty day moving average of $65.72 and a 200 day moving average of $61.22.

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

First American Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Monday, December 9th. First American Financial's dividend payout ratio (DPR) is 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.