First American Financial Corporation $FAF Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP raised its position in shares of First American Financial Corporation (NYSE:FAF) by 51.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,104 shares of the insurance provider’s stock after purchasing an additional 13,319 shares during the quarter. Quantbot Technologies LP’s holdings in First American Financial were worth $2,401,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Elevation Point Wealth Partners LLC acquired a new stake in shares of First American Financial during the second quarter worth about $35,000. Atlantic Union Bankshares Corp acquired a new position in First American Financial in the 2nd quarter worth approximately $36,000. Ameritas Advisory Services LLC purchased a new position in First American Financial during the 2nd quarter worth approximately $48,000. Ransom Advisory Ltd acquired a new stake in First American Financial during the 1st quarter valued at approximately $66,000. Finally, Jones Financial Companies Lllp lifted its stake in First American Financial by 121.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,483 shares of the insurance provider’s stock valued at $97,000 after acquiring an additional 813 shares during the period. 89.05% of the stock is currently owned by hedge funds and other institutional investors.

First American Financial Stock Performance

FAF opened at $64.60 on Friday. The company has a fifty day moving average of $62.83 and a two-hundred day moving average of $61.85. The stock has a market capitalization of $6.58 billion, a price-to-earnings ratio of 13.89 and a beta of 1.27. First American Financial Corporation has a fifty-two week low of $53.09 and a fifty-two week high of $69.53.

First American Financial (NYSE:FAF) last posted its earnings results on Thursday, October 23rd. The insurance provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.28. First American Financial had a return on equity of 11.01% and a net margin of 6.80%.The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period last year, the firm earned $1.34 EPS. The company’s quarterly revenue was up 40.7% on a year-over-year basis. On average, equities research analysts forecast that First American Financial Corporation will post 5.35 earnings per share for the current year.

First American Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 8th will be given a $0.55 dividend. The ex-dividend date is Monday, December 8th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.4%. First American Financial’s payout ratio is 47.31%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Barclays raised their target price on shares of First American Financial from $70.00 to $71.00 and gave the stock a “cautious” rating in a report on Monday, October 6th. Stephens began coverage on First American Financial in a research report on Friday, November 14th. They set an “equal weight” rating on the stock. Truist Financial lifted their price objective on First American Financial from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Weiss Ratings raised First American Financial from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Finally, Wall Street Zen downgraded First American Financial from a “buy” rating to a “hold” rating in a research note on Saturday. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $76.00.

First American Financial 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.