Vaughan Nelson Investment Management L.P. Purchases 66,290 Shares of First American Financial Co. (NYSE:FAF)

Vaughan Nelson Investment Management L.P. increased its holdings in First American Financial Co. (NYSE:FAF - Free Report) by 4.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,493,111 shares of the insurance provider's stock after purchasing an additional 66,290 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 1.45% of First American Financial worth $98,560,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FAF. Mather Group LLC. boosted its stake in First American Financial by 99.1% in the 2nd quarter. Mather Group LLC. now owns 671 shares of the insurance provider's stock valued at $36,000 after buying an additional 334 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of First American Financial by 56.9% during the second quarter. GAMMA Investing LLC now owns 709 shares of the insurance provider's stock valued at $38,000 after acquiring an additional 257 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of First American Financial by 132.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider's stock valued at $41,000 after purchasing an additional 356 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of First American Financial in the 2nd quarter worth about $47,000. Finally, Quarry LP increased its position in shares of First American Financial by 340.8% during the 2nd 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. Institutional investors own 89.05% of the company's stock.

First American Financial Stock Performance

NYSE FAF traded up $0.14 on Friday, reaching $64.98. The company had a trading volume of 483,012 shares, compared to its average volume of 699,821. The company's fifty day moving average is $64.79 and its 200-day moving average is $59.90. First American Financial Co. has a 1-year low of $51.60 and a 1-year high of $67.88. The firm has a market capitalization of $6.69 billion, a price-to-earnings ratio of 73.01 and a beta of 1.29.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 7.95% and a net margin of 1.58%. First American Financial's quarterly revenue was down 5.1% on a year-over-year basis. During the same period last year, the company earned $1.22 earnings per share. On average, research analysts forecast that First American Financial Co. will post 4.04 earnings per share for the current year.

First American Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be given a dividend of $0.54 per share. The ex-dividend date is Monday, December 9th. This represents a $2.16 annualized dividend and a yield of 3.32%. First American Financial's dividend payout ratio (DPR) is presently 242.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Stephens raised their price target on First American Financial from $66.00 to $73.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Barclays raised 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 note on Friday, October 25th. Keefe, Bruyette & Woods upped their price target on First American Financial from $66.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, September 4th. Finally, Truist Financial raised their price objective on First American Financial from $68.00 to $73.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, First American Financial currently has a consensus rating of "Moderate Buy" and a consensus 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.