Wealth Enhancement Advisory Services LLC Acquires 2,542 Shares of First American Financial Co. (NYSE:FAF)

Wealth Enhancement Advisory Services LLC grew its holdings in First American Financial Co. (NYSE:FAF) by 16.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,978 shares of the insurance provider’s stock after purchasing an additional 2,542 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in First American Financial were worth $1,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Venturi Wealth Management LLC lifted its stake in First American Financial by 132.3% in the third 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 period. Quarry LP lifted its position in shares of First American Financial by 340.8% during the 2nd quarter. Quarry LP now owns 864 shares of the insurance provider’s stock valued at $47,000 after acquiring an additional 668 shares during the period. Blue Trust Inc. boosted its stake in First American Financial by 214.2% during the third quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider’s stock worth $67,000 after acquiring an additional 696 shares in the last quarter. GAMMA Investing LLC grew its holdings in First American Financial by 34.9% in the fourth quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider’s stock worth $67,000 after purchasing an additional 277 shares during the period. Finally, Sunbelt Securities Inc. bought a new stake in First American Financial in the third quarter valued at $75,000. Institutional investors own 89.05% of the company’s stock.

First American Financial Stock Performance

FAF stock opened at $60.66 on Thursday. The business has a 50-day simple moving average of $64.59 and a two-hundred day simple moving average of $62.91. The company has a market capitalization of $6.25 billion, a P/E ratio of 68.16 and a beta of 1.33. First American Financial Co. has a 52-week low of $51.60 and a 52-week high of $70.92.

First American Financial (NYSE:FAF) last announced its earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.19. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.66 billion. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. First American Financial’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. As a group, sell-side analysts forecast that First American Financial Co. will post 4.07 earnings per share for the current fiscal year.

First American Financial Dividend Announcement

The company also recently announced 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 3.56%. First American Financial’s payout ratio is 242.70%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on FAF shares. Truist Financial increased 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. 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 upped 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. Finally, Keefe, Bruyette & Woods reduced their price target on shares of First American Financial from $80.00 to $74.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

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.