First American Financial Co. (NYSE:FAF) Shares Sold by Creative Planning

Creative Planning decreased its stake in shares of First American Financial Co. (NYSE:FAF) by 16.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,189 shares of the insurance provider’s stock after selling 1,559 shares during the period. Creative Planning’s holdings in First American Financial were worth $541,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in FAF. Wealth Enhancement Advisory Services LLC increased its position in shares of First American Financial by 1.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,327 shares of the insurance provider’s stock worth $630,000 after acquiring an additional 193 shares in the last quarter. Norden Group LLC acquired a new stake in shares of First American Financial in the first quarter worth $579,000. BNP Paribas Financial Markets increased its position in shares of First American Financial by 566.4% in the first quarter. BNP Paribas Financial Markets now owns 136,959 shares of the insurance provider’s stock worth $8,361,000 after acquiring an additional 116,408 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of First American Financial by 5.7% in the first quarter. Janney Montgomery Scott LLC now owns 35,788 shares of the insurance provider’s stock worth $2,185,000 after acquiring an additional 1,929 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of First American Financial in the first quarter worth $54,000. Institutional investors and hedge funds own 89.05% of the company’s stock.

First American Financial Trading Up 0.7 %

Shares of FAF stock opened at $63.00 on Wednesday. First American Financial Co. has a twelve month low of $51.60 and a twelve month high of $67.88. The company has a market capitalization of $6.49 billion, a PE ratio of 70.79 and a beta of 1.29. The firm has a fifty day simple moving average of $64.83 and a 200-day simple moving average of $59.47.

First American Financial (NYSE:FAF) last posted its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.19. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the prior year, the firm posted $1.22 EPS. The firm’s revenue was down 5.1% compared to the same quarter last year. Equities research analysts predict that First American Financial Co. will post 3.94 EPS for the current year.

First American Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.43%. First American Financial’s dividend payout ratio (DPR) is 242.70%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Barclays increased their price objective on shares of First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Stephens upped their target price on shares of First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Truist Financial upped their target price on shares of First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Keefe, Bruyette & Woods upped their target price on shares of First American Financial from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $72.50.

About First American Financial

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.