1834 Investment Advisors Co. Boosts Holdings in First American Financial Co. (NYSE:FAF)

1834 Investment Advisors Co. raised its position in First American Financial Co. (NYSE:FAF) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,604 shares of the insurance provider’s stock after acquiring an additional 425 shares during the period. 1834 Investment Advisors Co.’s holdings in First American Financial were worth $1,954,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FAF. Mather Group LLC. grew its position in First American Financial by 99.1% during the 2nd quarter. Mather Group LLC. now owns 671 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 334 shares during the last quarter. GAMMA Investing LLC grew 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 buying an additional 257 shares during the last quarter. Abich Financial Wealth Management LLC grew its holdings in shares of First American Financial by 56.5% during the first quarter. Abich Financial Wealth Management LLC now owns 798 shares of the insurance provider’s stock valued at $49,000 after buying an additional 288 shares during the last quarter. Quarry LP increased its position in shares of First American Financial by 340.8% in the 2nd quarter. Quarry LP now owns 864 shares of the insurance provider’s stock valued at $47,000 after acquiring an additional 668 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new position in First American Financial in the 2nd quarter worth $47,000. 89.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FAF has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted 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. 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 research report on Friday, October 25th. Barclays raised their price target on shares of First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, Stephens upped their price objective 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.50.

First American Financial Stock Performance

Shares of First American Financial stock opened at $63.00 on Wednesday. The firm has a 50-day simple moving average of $64.83 and a two-hundred day simple moving average of $59.47. First American Financial Co. has a fifty-two week low of $51.60 and a fifty-two week high of $67.88. The company has a market cap of $6.49 billion, a P/E ratio of 70.79 and a beta of 1.29.

First American Financial (NYSE:FAF) last posted its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.19. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period in the previous year, the business earned $1.22 earnings per share. The business’s revenue was down 5.1% compared to the same quarter last year. Equities research analysts forecast that First American Financial Co. will post 3.94 EPS for the current year.

First American Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 3.43%. First American Financial’s dividend payout ratio is currently 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.