Commonwealth Equity Services LLC Has $622,000 Stock Position in First American Financial Co. (NYSE:FAF)

Commonwealth Equity Services LLC lowered its holdings in shares of First American Financial Co. (NYSE:FAF – Get Rating) by 10.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,892 shares of the insurance provider’s stock after selling 1,347 shares during the period. Commonwealth Equity Services LLC’s holdings in First American Financial were worth $622,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Point72 Hong Kong Ltd acquired a new stake in First American Financial in the second quarter valued at approximately $36,000. Armstrong Advisory Group Inc. bought a new stake in First American Financial during the fourth quarter worth $36,000. Brown Brothers Harriman & Co. bought a new stake in First American Financial during the first quarter worth $46,000. Hollencrest Capital Management bought a new stake in First American Financial during the fourth quarter worth $52,000. Finally, EverSource Wealth Advisors LLC grew its holdings in First American Financial by 44.8% during the third quarter. EverSource Wealth Advisors LLC now owns 1,371 shares of the insurance provider’s stock worth $63,000 after buying an additional 424 shares in the last quarter. Institutional investors and hedge funds own 84.45% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Barclays cut their price objective on First American Financial from $65.00 to $63.00 in a research report on Friday, April 28th. StockNews.com assumed coverage on First American Financial in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. TheStreet cut First American Financial from a “b-” rating to a “c+” rating in a research report on Friday, March 17th. Finally, Stephens raised First American Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $65.00 to $72.00 in a research report on Friday, February 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.40.

First American Financial Price Performance

Shares of NYSE FAF opened at $54.63 on Friday. The business’s fifty day moving average price is $55.94 and its 200-day moving average price is $55.85. The stock has a market capitalization of $5.64 billion, a PE ratio of 27.45 and a beta of 1.26. First American Financial Co. has a one year low of $43.54 and a one year high of $64.66.

First American Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 8th will be issued a dividend of $0.52 per share. The ex-dividend date is Wednesday, June 7th. This represents a $2.08 dividend on an annualized basis and a yield of 3.81%. First American Financial’s dividend payout ratio (DPR) is 104.52%.

First American Financial Company Profile

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First American Financial Corp. engages in the provision of title insurance and settlement services to the real estate and mortgage industries. It also provides other financial services and risk solutions. It operates through the following segments: Title Insurance and Services, Specialty Insurance, and Corporate.