Crossmark Global Holdings Inc. Sells 179 Shares of First American Financial Co. (NYSE:FAF)

Crossmark Global Holdings Inc. lowered its holdings in First American Financial Co. (NYSE:FAF) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,181 shares of the insurance provider’s stock after selling 179 shares during the period. Crossmark Global Holdings Inc.’s holdings in First American Financial were worth $386,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. UMB Bank n.a. boosted its position in shares of First American Financial by 66.9% during the 4th quarter. UMB Bank n.a. now owns 524 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 210 shares in the last quarter. Venturi Wealth Management LLC increased its position in 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 period. Quarry LP boosted its position in First American Financial by 340.8% during the second 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 last quarter. Blue Trust Inc. increased its holdings in First American Financial by 214.2% in the third quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider’s stock worth $67,000 after purchasing an additional 696 shares in the last quarter. Finally, 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. Institutional investors own 89.05% of the company’s stock.

Analysts Set New Price Targets

FAF has been the subject of a number of recent research reports. Stephens boosted their price target 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. Barclays lifted 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. Truist Financial boosted their price objective on shares of First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, 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 report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, First American Financial has a consensus rating of “Moderate Buy” and an average price target of $73.00.

First American Financial Stock Up 0.8 %

Shares of First American Financial stock opened at $61.82 on Monday. The firm has a market cap of $6.37 billion, a PE ratio of 69.46 and a beta of 1.33. First American Financial Co. has a 12-month low of $51.60 and a 12-month high of $70.92. The company’s fifty day simple moving average is $64.29 and its two-hundred day simple moving average is $63.42.

First American Financial (NYSE:FAF) last posted its quarterly earnings data 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. The business 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%. The business’s revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.22 EPS. As a group, sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Monday, March 10th. First American Financial’s dividend payout ratio (DPR) is presently 242.70%.

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.