Empowered Funds LLC Acquires Shares of 3,820 First American Financial Co. (NYSE:FAF)

Empowered Funds LLC acquired a new position in shares of First American Financial Co. (NYSE:FAF) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,820 shares of the insurance provider’s stock, valued at approximately $252,000.

Several other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. increased its position in shares of First American Financial by 99.1% during the second quarter. Mather Group LLC. now owns 671 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 334 shares during the last quarter. GAMMA Investing LLC grew its stake in First American Financial by 56.9% in the 2nd quarter. GAMMA Investing LLC now owns 709 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 257 shares during the period. Venturi Wealth Management LLC increased its position in shares of First American Financial by 132.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 356 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of First American Financial during the 2nd quarter worth $47,000. Finally, Quarry LP boosted its holdings in shares of First American Financial by 340.8% in the 2nd quarter. Quarry LP now owns 864 shares of the insurance provider’s stock worth $47,000 after buying an additional 668 shares during the last quarter. Institutional investors own 89.05% of the company’s stock.

First American Financial Trading Down 0.4 %

Shares of FAF stock opened at $69.35 on Wednesday. The firm’s 50 day moving average is $64.97 and its 200 day moving average is $60.47. The stock has a market capitalization of $7.14 billion, a P/E ratio of 77.32 and a beta of 1.29. First American Financial Co. has a 12 month low of $51.60 and a 12 month high of $70.92.

First American Financial (NYSE:FAF) last posted its earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.19. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.66 billion. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.22 earnings per share. On average, equities analysts predict that First American Financial Co. will post 4.04 EPS for the current year.

First American Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Monday, December 9th. First American Financial’s payout ratio is 242.70%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FAF. Stephens raised their price objective on shares of First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Truist Financial raised their price target on shares of First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods upped their price objective on First American Financial from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, September 4th. Finally, Barclays raised their target price on 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $72.50.

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.