10 hours Ago By ABMN Staff
Empowered Funds LLC grew its stake in shares of First American Financial Co. ( NYSE:FAF – Free Report ) by 6.7% in the fourth quarter, according to its most recent filing with the SEC.
The institutional investor owned 4,076 shares of the insurance provider’s stock after purchasing an additional 256 shares during the period. Empowered Funds LLC’s holdings in First American Financial were worth $255,000 as of its most recent filing with the SEC. A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FAF.
UMB Bank n.a. grew its holdings in shares of First American Financial by 66.
9% in the fourth quarter. UMB Bank n.a.
now owns 524 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 210 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of First American Financial by 132.3% in the third quarter.
Venturi Wealth Management LLC now owns 625 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 356 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of First American Financial by 214.
2% in the third quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider’s stock valued at $67,000 after acquiring an additional 696 shares in the last quarter.
GAMMA Investing LLC grew its holdings in shares of First American Financial by 34.9% in the fourth quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider’s stock valued at $67,000 after acquiring an additional 277 shares in the last quarter.
Finally, Sunbelt Securities Inc. bought a new position in shares of First American Financial in the third quarter valued at approximately $75,000. 89.
05% of the stock is owned by institutional investors. Wall Street Analysts Forecast Growth Several equities analysts have recently issued reports on the company. 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 report on Friday, October 25th. Stephens upped their price objective on First American Financial from $73.
00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Barclays upped their price objective on 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. Finally, Keefe, Bruyette & Woods upped their price objective on First American Financial from $74.
00 to $75.00 and gave the company a “market perform” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock.
According to MarketBeat, First American Financial presently has an average rating of “Moderate Buy” and an average price target of $74.50. Insiders Place Their Bets In other First American Financial news, Director Dennis J.
Gilmore sold 111,971 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $63.60, for a total transaction of $7,121,355.
60. Following the sale, the director now owns 494,574 shares in the company, valued at $31,454,906.40.
This represents a 18.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link .
Company insiders own 3.70% of the company’s stock. First American Financial Trading Up 0.
4 % First American Financial stock opened at $63.44 on Friday. First American Financial Co.
has a 12 month low of $51.60 and a 12 month high of $70.92.
The business’s 50 day simple moving average is $62.52 and its 200 day simple moving average is $64.04.
The company has a market cap of $6.53 billion, a price-to-earnings ratio of 50.75 and a beta of 1.
33. First American Financial ( NYSE:FAF – Get Free Report ) last posted its earnings results on Wednesday, February 12th. The insurance provider reported $1.
35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.22.
First American Financial had a return on equity of 9.35% and a net margin of 2.14%.
As a group, equities research analysts forecast that First American Financial Co. will post 5.35 earnings per share for the current fiscal year.
First American Financial Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a dividend of $0.54 per share.
The ex-dividend date is Monday, March 10th. This represents a $2.16 annualized dividend and a dividend yield of 3.
40%. First American Financial’s dividend payout ratio is currently 172.80%.
First American Financial Company Profile ( Free Report ) 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.
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