Wedge Capital Management L L P NC Has $240,000 Stock Position in First American Financial Co. (NYSE:FAF)

Wedge Capital Management L L P NC increased its stake in shares of First American Financial Co. (NYSE:FAFGet Rating) by 5.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,530 shares of the insurance provider’s stock after purchasing an additional 252 shares during the period. Wedge Capital Management L L P NC’s holdings in First American Financial were worth $240,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Eaton Vance Management lifted its holdings in First American Financial by 3.5% during the fourth quarter. Eaton Vance Management now owns 4,877 shares of the insurance provider’s stock worth $315,000 after acquiring an additional 167 shares in the last quarter. Captrust Financial Advisors increased its position in First American Financial by 2.4% during the first quarter. Captrust Financial Advisors now owns 7,282 shares of the insurance provider’s stock worth $472,000 after buying an additional 174 shares during the last quarter. Wrapmanager Inc. grew its position in shares of First American Financial by 5.5% in the first quarter. Wrapmanager Inc. now owns 3,407 shares of the insurance provider’s stock valued at $221,000 after purchasing an additional 177 shares during the last quarter. Occidental Asset Management LLC grew its position in shares of First American Financial by 0.6% in the first quarter. Occidental Asset Management LLC now owns 31,242 shares of the insurance provider’s stock valued at $2,025,000 after purchasing an additional 198 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of First American Financial by 0.3% in the first quarter. State of Alaska Department of Revenue now owns 79,508 shares of the insurance provider’s stock valued at $5,153,000 after purchasing an additional 245 shares during the last quarter. 87.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays cut their price target on First American Financial from $87.00 to $83.00 and set an “overweight” rating for the company in a research note on Monday, July 11th. BTIG Research dropped their price target on First American Financial from $81.00 to $79.00 and set a “buy” rating for the company in a research note on Friday, July 8th. Finally, Truist Financial decreased their price objective on First American Financial from $86.00 to $77.00 and set a “buy” rating for the company in a report on Wednesday, July 13th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, First American Financial has a consensus rating of “Moderate Buy” and a consensus price target of $64.68.

First American Financial Trading Down 0.2 %

NYSE:FAF opened at $49.37 on Thursday. The stock has a market capitalization of $5.14 billion, a PE ratio of 6.01 and a beta of 1.22. The firm’s 50 day moving average is $55.12 and its 200 day moving average is $58.08. First American Financial Co. has a 12 month low of $48.81 and a 12 month high of $81.54.

First American Financial (NYSE:FAFGet Rating) last released its quarterly earnings data on Thursday, July 28th. The insurance provider reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.61. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $2.12 billion. First American Financial had a net margin of 10.11% and a return on equity of 15.41%. First American Financial’s revenue was down 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.13 EPS. Research analysts predict that First American Financial Co. will post 6.38 earnings per share for the current year.

First American Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 8th were paid a $0.52 dividend. The ex-dividend date was Wednesday, September 7th. This is an increase from First American Financial’s previous quarterly dividend of $0.51. This represents a $2.08 annualized dividend and a yield of 4.21%. First American Financial’s payout ratio is currently 25.30%.

First American Financial Profile

(Get Rating)

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Specialty Insurance segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services.

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Institutional Ownership by Quarter for First American Financial (NYSE:FAF)

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