First American Financial Co. (NYSE:FAF) Holdings Raised by Fifth Third Bancorp

Fifth Third Bancorp boosted its stake in First American Financial Co. (NYSE:FAFGet Rating) by 69.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 583 shares of the insurance provider’s stock after buying an additional 238 shares during the quarter. Fifth Third Bancorp’s holdings in First American Financial were worth $27,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. NewSquare Capital LLC lifted its position in First American Financial by 7.9% in the 3rd quarter. NewSquare Capital LLC now owns 83,540 shares of the insurance provider’s stock worth $3,851,000 after buying an additional 6,131 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of First American Financial by 5.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 92,595 shares of the insurance provider’s stock valued at $4,268,000 after purchasing an additional 4,428 shares in the last quarter. Mayflower Financial Advisors LLC raised its holdings in shares of First American Financial by 17.5% during the 3rd quarter. Mayflower Financial Advisors LLC now owns 9,066 shares of the insurance provider’s stock valued at $418,000 after purchasing an additional 1,349 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in shares of First American Financial during the 3rd quarter valued at $1,277,000. Finally, Paradiem LLC raised its holdings in shares of First American Financial by 1.1% during the 3rd quarter. Paradiem LLC now owns 75,302 shares of the insurance provider’s stock valued at $3,471,000 after purchasing an additional 818 shares in the last quarter. Hedge funds and other institutional investors own 84.45% of the company’s stock.

First American Financial Trading Up 0.5 %

NYSE:FAF opened at $58.96 on Friday. The firm has a market capitalization of $6.10 billion, a PE ratio of 13.91 and a beta of 1.21. The firm’s fifty day simple moving average is $53.43 and its 200 day simple moving average is $52.70. First American Financial Co. has a 1 year low of $43.54 and a 1 year high of $81.32.

First American Financial (NYSE:FAFGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.12. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.99 billion. First American Financial had a net margin of 5.66% and a return on equity of 14.89%. As a group, analysts anticipate that First American Financial Co. will post 6.22 EPS for the current fiscal year.

First American Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 8th were given a $0.52 dividend. The ex-dividend date was Wednesday, December 7th. This represents a $2.08 annualized dividend and a yield of 3.53%. First American Financial’s dividend payout ratio is 49.06%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on FAF shares. Keefe, Bruyette & Woods downgraded shares of First American Financial from an “outperform” rating to a “market perform” rating and set a $61.00 price target on the stock. in a report on Wednesday, December 14th. TheStreet downgraded shares of First American Financial from a “b-” rating to a “c+” rating in a report on Friday, September 30th. StockNews.com started coverage on shares of First American Financial in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Truist Financial lowered their target price on shares of First American Financial from $77.00 to $67.00 and set a “buy” rating on the stock in a research note on Monday, October 17th. Finally, Barclays raised their target price on shares of First American Financial from $64.00 to $67.00 in a research note on Friday, January 6th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, First American Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.60.

About First American Financial

(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.

See Also

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

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