State of Alaska Department of Revenue Sells 205 Shares of First American Financial Co. (NYSE:FAF)

State of Alaska Department of Revenue decreased its position in shares of First American Financial Co. (NYSE:FAF) by 1.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,748 shares of the insurance provider’s stock after selling 205 shares during the quarter. State of Alaska Department of Revenue’s holdings in First American Financial were worth $733,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FAF. UMB Bank n.a. boosted its position in First American Financial by 66.9% during the fourth quarter. UMB Bank n.a. now owns 524 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 210 shares during the period. Venturi Wealth Management LLC lifted its stake 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 buying an additional 356 shares in the last quarter. Blue Trust Inc. boosted its holdings in First American Financial by 214.2% in the 3rd quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider’s stock worth $67,000 after buying an additional 696 shares during the period. GAMMA Investing LLC grew its stake in First American Financial by 34.9% in the 4th quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider’s stock valued at $67,000 after buying an additional 277 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in First American Financial during the 3rd quarter valued at $75,000. Hedge funds and other institutional investors own 89.05% of the company’s stock.

First American Financial Stock Up 1.2 %

First American Financial stock opened at $63.77 on Friday. The stock has a market cap of $6.57 billion, a price-to-earnings ratio of 71.65 and a beta of 1.33. The business has a 50-day simple moving average of $62.73 and a 200 day simple moving average of $63.92. 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 issued its quarterly earnings data on Wednesday, February 12th. The insurance provider reported $1.35 EPS for the quarter, topping the consensus estimate of $1.13 by $0.22. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. On average, research analysts anticipate that First American Financial Co. will post 4.07 earnings per share for the current year.

First American Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Monday, March 10th. First American Financial’s payout ratio is 242.70%.

Analysts Set New Price Targets

A number of research firms have recently commented on FAF. Stephens raised their price target on First American Financial from $73.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday. Keefe, Bruyette & Woods cut their target price on First American Financial from $80.00 to $74.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Truist Financial upped their price target on First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Barclays raised their price objective on shares of First American Financial from $70.00 to $72.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, First American Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.25.

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.