Victory Capital Management Inc. Has $164.75 Million Stake in First American Financial Co. (NYSE:FAF)

Victory Capital Management Inc. boosted its stake in First American Financial Co. (NYSE:FAF - Free Report) by 19.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,495,766 shares of the insurance provider's stock after acquiring an additional 405,146 shares during the period. Victory Capital Management Inc. owned 2.42% of First American Financial worth $164,746,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in 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 worth $196,793,000 after buying an additional 515,710 shares in the last quarter. Boston Partners lifted its stake in First American Financial by 13.3% in the first quarter. Boston Partners now owns 4,074,181 shares of the insurance provider's stock valued at $248,237,000 after acquiring an additional 479,618 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of First American Financial by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 10,567,038 shares of the insurance provider's stock worth $645,118,000 after purchasing an additional 431,089 shares during the last quarter. Reinhart Partners LLC. raised its holdings in shares of First American Financial by 65.8% during the 2nd quarter. Reinhart Partners LLC. now owns 943,755 shares of the insurance provider's stock valued at $50,916,000 after purchasing an additional 374,662 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of First American Financial by 245.1% in the 2nd quarter. AQR Capital Management LLC now owns 419,995 shares of the insurance provider's stock valued at $22,659,000 after purchasing an additional 298,302 shares during the last quarter. Institutional investors and hedge funds own 89.05% of the company's stock.

First American Financial Trading Up 0.2 %

FAF stock traded up $0.10 during midday trading on Wednesday, hitting $64.17. The stock had a trading volume of 505,471 shares, compared to its average volume of 675,141. First American Financial Co. has a 52 week low of $51.60 and a 52 week high of $67.88. The stock has a 50-day simple moving average of $64.80 and a 200 day simple moving average of $59.75. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 72.10 and a beta of 1.29.

First American Financial (NYSE:FAF - Get Free Report) last posted 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. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.66 billion. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. The firm's quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.22 EPS. On average, equities analysts forecast that First American Financial Co. will post 3.99 EPS for the current year.

First American Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be given a $0.54 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.16 dividend on an annualized basis and a yield of 3.37%. First American Financial's payout ratio is 242.70%.

Analysts Set New Price Targets

Several analysts have recently issued reports on FAF shares. Barclays upped their price target on First American Financial from $70.00 to $72.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods boosted 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. Stephens boosted their price objective on First American Financial from $66.00 to $73.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Finally, Truist Financial raised their target price on First American Financial from $68.00 to $73.00 and gave the company a "buy" rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.50.

First American Financial 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.