GAMMA Investing LLC Has $67,000 Stock Holdings in First American Financial Co. (NYSE:FAF)

GAMMA Investing LLC lifted its position in First American Financial Co. (NYSE:FAF) by 34.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,071 shares of the insurance provider’s stock after buying an additional 277 shares during the quarter. GAMMA Investing LLC’s holdings in First American Financial were worth $67,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Blossom Wealth Management lifted its position in First American Financial by 2.4% during the 3rd quarter. Blossom Wealth Management now owns 7,105 shares of the insurance provider’s stock worth $469,000 after acquiring an additional 165 shares during the last quarter. Pacer Advisors Inc. boosted its stake in First American Financial by 1.2% during the 2nd quarter. Pacer Advisors Inc. now owns 15,560 shares of the insurance provider’s stock valued at $839,000 after purchasing an additional 187 shares during the period. Venturi Wealth Management LLC grew its holdings in First American Financial by 132.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider’s stock valued at $41,000 after buying an additional 356 shares during the last quarter. KBC Group NV increased its position in First American Financial by 14.8% in the 3rd quarter. KBC Group NV now owns 3,095 shares of the insurance provider’s stock worth $204,000 after buying an additional 399 shares during the period. Finally, Truist Financial Corp lifted its holdings in shares of First American Financial by 1.3% during the second quarter. Truist Financial Corp now owns 31,711 shares of the insurance provider’s stock worth $1,711,000 after buying an additional 408 shares during the last quarter. 89.05% of the stock is owned by institutional investors.

First American Financial Price Performance

FAF opened at $57.88 on Monday. The company has a market capitalization of $5.96 billion, a P/E ratio of 65.03 and a beta of 1.33. The firm’s fifty day moving average price is $64.79 and its two-hundred day moving average price is $62.78. First American Financial Co. has a fifty-two week low of $51.60 and a fifty-two week high of $70.92.

First American Financial (NYSE:FAF) last issued its earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the business earned $1.22 EPS. The firm’s revenue was down 5.1% on a year-over-year basis. On average, equities research analysts expect that First American Financial Co. will post 4.07 EPS for the current fiscal year.

First American Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were paid a $0.54 dividend. The ex-dividend date was Monday, December 9th. This represents a $2.16 annualized dividend and a dividend yield of 3.73%. First American Financial’s dividend payout ratio is currently 242.70%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FAF shares. Truist Financial raised 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 note on Friday, October 25th. Keefe, Bruyette & Woods decreased their price target on shares of First American Financial from $80.00 to $74.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. Barclays boosted 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 report on Friday, October 25th. Finally, Stephens increased 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. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

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.