First American Financial Co. (NYSE:FAF) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its stake in shares of First American Financial Co. (NYSE:FAF) by 57.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,669 shares of the insurance provider’s stock after buying an additional 2,442 shares during the quarter. Sanctuary Advisors LLC’s holdings in First American Financial were worth $451,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC boosted 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 acquiring an additional 356 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in First American Financial in the second quarter valued at approximately $47,000. Quarry LP increased its stake in First American Financial by 340.8% during the second quarter. Quarry LP now owns 864 shares of the insurance provider’s stock worth $47,000 after acquiring an additional 668 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of First American Financial by 214.2% in the 3rd 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 during the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in shares of First American Financial during the 3rd quarter worth about $75,000. Institutional investors and hedge funds own 89.05% of the company’s stock.

First American Financial Price Performance

Shares of NYSE FAF opened at $63.45 on Friday. The company has a market cap of $6.54 billion, a price-to-earnings ratio of 71.29 and a beta of 1.30. The stock’s 50-day moving average is $65.52 and its two-hundred day moving average is $62.11. First American Financial Co. has a 1-year low of $51.60 and a 1-year high of $70.92.

First American Financial (NYSE:FAF) last issued its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.19. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.66 billion. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.22 earnings per share. Equities research analysts anticipate that First American Financial Co. will post 4.07 earnings per share for the current fiscal year.

First American Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were paid a $0.54 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $2.16 annualized dividend and a yield of 3.40%. First American Financial’s dividend payout ratio is currently 242.70%.

Wall Street Analysts Forecast Growth

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

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.