MML Investors Services LLC Acquires 617 Shares of First American Financial Co. (NYSE:FAF)

MML Investors Services LLC boosted its holdings in shares of First American Financial Co. (NYSE:FAF) by 10.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,806 shares of the insurance provider’s stock after buying an additional 617 shares during the period. MML Investors Services LLC’s holdings in First American Financial were worth $449,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Venturi Wealth Management LLC raised its holdings in shares of First American Financial by 132.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 356 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in First American Financial during the 2nd quarter worth approximately $47,000. Quarry LP raised its stake in shares of First American Financial by 340.8% in the second quarter. Quarry LP now owns 864 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 668 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of First American Financial by 214.2% in the third quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider’s stock valued at $67,000 after purchasing an additional 696 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of First American Financial during the third quarter valued at approximately $87,000. 89.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Stephens raised their price objective on First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Barclays raised their price target on shares of First American Financial from $70.00 to $72.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Truist Financial upped their price objective on shares of First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $80.00 target price on shares of First American Financial in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $74.50.

First American Financial Stock Performance

Shares of FAF stock opened at $62.50 on Tuesday. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 70.23 and a beta of 1.30. First American Financial Co. has a 52 week low of $51.60 and a 52 week high of $70.92. The firm’s 50-day simple moving average is $65.67 and its two-hundred day simple moving average is $62.03.

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 the consensus estimate of $1.15 by $0.19. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the business earned $1.22 earnings per share. First American Financial’s revenue for the quarter was down 5.1% on a year-over-year basis. Analysts forecast that First American Financial Co. will post 4.07 earnings per share for the current year.

First American Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend was Monday, December 9th. First American Financial’s dividend payout ratio (DPR) is currently 242.70%.

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.