KBC Group NV Raises Holdings in First American Financial Co. (NYSE:FAF)

KBC Group NV increased its position in First American Financial Co. (NYSE:FAF) by 43.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,444 shares of the insurance provider’s stock after purchasing an additional 1,349 shares during the period. KBC Group NV’s holdings in First American Financial were worth $277,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Bar Harbor Wealth Management increased its holdings in shares of First American Financial by 43.6% in the 4th quarter. Bar Harbor Wealth Management now owns 96,627 shares of the insurance provider’s stock valued at $6,033,000 after acquiring an additional 29,324 shares during the period. Barclays PLC increased its stake in First American Financial by 15.2% in the third quarter. Barclays PLC now owns 60,821 shares of the insurance provider’s stock valued at $4,016,000 after purchasing an additional 8,047 shares during the period. JPMorgan Chase & Co. increased its stake in First American Financial by 5.1% in the third quarter. JPMorgan Chase & Co. now owns 214,820 shares of the insurance provider’s stock valued at $14,180,000 after purchasing an additional 10,489 shares during the period. Oak Thistle LLC purchased a new stake in shares of First American Financial in the fourth quarter valued at about $1,476,000. Finally, Geode Capital Management LLC boosted its stake in shares of First American Financial by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,700,903 shares of the insurance provider’s stock worth $112,306,000 after buying an additional 12,668 shares during the period. 89.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on FAF. Truist Financial upped their price objective on First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Barclays upped their price target on 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. Keefe, Bruyette & Woods decreased their price target on First American Financial from $80.00 to $74.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. Finally, Stephens boosted their price objective 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, First American Financial presently has an average rating of “Moderate Buy” and an average target price of $73.00.

First American Financial Trading Down 0.7 %

NYSE FAF opened at $62.76 on Tuesday. The business’s 50 day moving average is $63.86 and its two-hundred day moving average is $63.67. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 70.52 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.

First American Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.44%. The ex-dividend date is Monday, March 10th. First American Financial’s payout ratio is 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.