Dimensional Fund Advisors LP Has $196.79 Million Stock Holdings in First American Financial Co. (NYSE:FAF)

Dimensional Fund Advisors LP lifted its stake in shares of First American Financial Co. (NYSE:FAF) by 16.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,647,709 shares of the insurance provider’s stock after purchasing an additional 515,710 shares during the period. Dimensional Fund Advisors LP owned approximately 3.52% of First American Financial worth $196,793,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FAF. Vanguard Group Inc. grew its holdings in shares of First American Financial by 4.3% during the first quarter. Vanguard Group Inc. now owns 10,567,038 shares of the insurance provider’s stock valued at $645,118,000 after buying an additional 431,089 shares in the last quarter. Boston Partners boosted its position in First American Financial by 13.3% during the 1st quarter. Boston Partners now owns 4,074,181 shares of the insurance provider’s stock worth $248,237,000 after acquiring an additional 479,618 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in First American Financial by 6.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,426,821 shares of the insurance provider’s stock valued at $76,977,000 after acquiring an additional 86,330 shares in the last quarter. Norges Bank acquired a new position in shares of First American Financial in the 4th quarter valued at about $76,210,000. Finally, Reinhart Partners LLC. increased its holdings in shares of First American Financial by 65.8% in the 2nd quarter. Reinhart Partners LLC. now owns 943,755 shares of the insurance provider’s stock valued at $50,916,000 after purchasing an additional 374,662 shares during the period. 89.05% of the stock is owned by institutional investors and hedge funds.

First American Financial Price Performance

NYSE FAF opened at $66.71 on Friday. First American Financial Co. has a fifty-two week low of $49.55 and a fifty-two week high of $67.88. The stock’s 50-day moving average is $61.76 and its two-hundred day moving average is $57.80. The firm has a market cap of $6.92 billion, a P/E ratio of 31.92 and a beta of 1.29.

First American Financial (NYSE:FAF) last posted its earnings results on Wednesday, July 24th. The insurance provider reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.14. First American Financial had a return on equity of 7.98% and a net margin of 3.28%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same period last year, the company earned $1.35 earnings per share. The business’s revenue was down 2.1% compared to the same quarter last year. On average, equities analysts expect that First American Financial Co. will post 3.89 EPS for the current year.

First American Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.54 per share. This is a positive change from First American Financial’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a yield of 3.24%. The ex-dividend date is Friday, September 20th. First American Financial’s dividend payout ratio (DPR) is 103.35%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FAF. Keefe, Bruyette & Woods boosted their price objective on shares of First American Financial from $66.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, September 4th. Barclays dropped their price target on shares of First American Financial from $65.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 9th. Truist Financial lifted their price objective on First American Financial from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Stephens reaffirmed an “overweight” rating and set a $66.00 price target on shares of First American Financial in a research note on Thursday, July 25th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, First American Financial presently has a consensus rating of “Moderate Buy” and an average target price of $66.75.

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.