XTX Topco Ltd Has $736,000 Stock Position in First American Financial Co. (NYSE:FAF)

XTX Topco Ltd lifted its stake in First American Financial Co. (NYSE:FAF) by 50.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,638 shares of the insurance provider’s stock after acquiring an additional 4,595 shares during the quarter. XTX Topco Ltd’s holdings in First American Financial were worth $736,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. increased its position in First American Financial by 99.1% during the second quarter. Mather Group LLC. now owns 671 shares of the insurance provider’s stock worth $36,000 after buying an additional 334 shares during the last quarter. GAMMA Investing LLC increased its position in First American Financial by 56.9% during the second quarter. GAMMA Investing LLC now owns 709 shares of the insurance provider’s stock worth $38,000 after buying an additional 257 shares during the last quarter. Principal Securities Inc. acquired a new position in First American Financial during the fourth quarter worth approximately $45,000. Ashton Thomas Private Wealth LLC acquired a new position in First American Financial during the second quarter worth approximately $47,000. Finally, Abich Financial Wealth Management LLC increased its position in First American Financial by 56.5% during the first quarter. Abich Financial Wealth Management LLC now owns 798 shares of the insurance provider’s stock worth $49,000 after buying an additional 288 shares during the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

First American Financial Trading Down 2.6 %

Shares of FAF stock opened at $64.99 on Monday. The stock has a market cap of $6.74 billion, a P/E ratio of 31.10 and a beta of 1.29. The stock has a 50 day simple moving average of $61.93 and a 200 day simple moving average of $57.85. First American Financial Co. has a 1 year low of $49.55 and a 1 year high of $67.88.

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

First American Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 20th will be paid a $0.54 dividend. This is a boost from First American Financial’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Friday, September 20th. First American Financial’s payout ratio is 103.35%.

Analyst Upgrades and Downgrades

FAF has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price target on First American Financial from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 4th. Stephens reaffirmed an “overweight” rating and issued a $66.00 target price on shares of First American Financial in a research report on Thursday, July 25th. Truist Financial upped their target price 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, Barclays decreased their target price on First American Financial from $65.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 9th. Two 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 has a consensus rating of “Moderate Buy” and an average target price of $66.75.

First American Financial Company 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.