Vaughan Nelson Investment Management L.P. Increases Position in First American Financial Co. (NYSE:FAF)

Vaughan Nelson Investment Management L.P. increased its position in shares of First American Financial Co. (NYSE:FAF - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,530,977 shares of the insurance provider's stock after acquiring an additional 37,866 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 1.49% of First American Financial worth $95,594,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of FAF. Wellington Management Group LLP acquired a new stake in First American Financial in the 3rd quarter valued at approximately $95,638,000. ArrowMark Colorado Holdings LLC bought a new stake in shares of First American Financial during the third quarter worth $43,431,000. Holocene Advisors LP bought a new position in First American Financial in the 3rd quarter worth approximately $36,803,000. Jacobs Levy Equity Management Inc. boosted its stake in shares of First American Financial by 83.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 893,216 shares of the insurance provider's stock valued at $58,961,000 after purchasing an additional 405,487 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in First American Financial by 19.4% in the third quarter. Victory Capital Management Inc. now owns 2,495,766 shares of the insurance provider's stock valued at $164,746,000 after buying an additional 405,146 shares during the period. 89.05% of the stock is owned by institutional investors.

First American Financial Price Performance

NYSE:FAF traded down $0.89 on Wednesday, reaching $62.61. 552,907 shares of the company's stock were exchanged, compared to its average volume of 430,457. First American Financial Co. has a 52 week low of $51.60 and a 52 week high of $70.92. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 70.35 and a beta of 1.33. The stock has a fifty day simple moving average of $62.95 and a 200-day simple moving average of $63.90.

First American Financial (NYSE:FAF - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.22. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. As a group, sell-side analysts predict that First American Financial Co. will post 4.07 EPS for the current year.

First American Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Monday, March 10th. First American Financial's dividend payout ratio (DPR) is currently 242.70%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FAF. Truist Financial upped their target price on shares of First American Financial from $68.00 to $73.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods reduced their target price on shares of First American Financial from $80.00 to $74.00 and set a "market perform" rating for the company in a report on Wednesday, January 8th. Barclays lifted their price target 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. Finally, Stephens raised their target price on shares of First American Financial from $66.00 to $73.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $73.00.

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.