New York State Teachers Retirement System Has $7.41 Million Position in First American Financial Co. (NYSE:FAF)

New York State Teachers Retirement System reduced its stake in First American Financial Co. (NYSE:FAF) by 0.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 118,715 shares of the insurance provider’s stock after selling 1,100 shares during the quarter. New York State Teachers Retirement System owned approximately 0.12% of First American Financial worth $7,413,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in FAF. Blossom Wealth Management increased its position in shares of First American Financial by 2.4% during the third quarter. Blossom Wealth Management now owns 7,105 shares of the insurance provider’s stock valued at $469,000 after purchasing an additional 165 shares during the period. UMB Bank n.a. boosted its stake in First American Financial by 66.9% in 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 in the last quarter. Empowered Funds LLC boosted its stake in First American Financial by 6.7% in the fourth quarter. Empowered Funds LLC now owns 4,076 shares of the insurance provider’s stock worth $255,000 after purchasing an additional 256 shares in the last quarter. Pallas Capital Advisors LLC boosted its stake in First American Financial by 4.6% in the fourth quarter. Pallas Capital Advisors LLC now owns 6,149 shares of the insurance provider’s stock worth $384,000 after purchasing an additional 272 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of First American Financial by 34.9% during the fourth quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider’s stock valued at $67,000 after acquiring an additional 277 shares during the period. 89.05% of the stock is owned by institutional investors.

Insider Activity at First American Financial

In other First American Financial news, Director Dennis J. Gilmore sold 111,971 shares of First American Financial stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $63.60, for a total transaction of $7,121,355.60. Following the transaction, the director now directly owns 494,574 shares of the company’s stock, valued at approximately $31,454,906.40. The trade was a 18.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FAF shares. Barclays increased their target price on First American Financial from $70.00 to $72.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Truist Financial increased their price target on First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Stephens increased 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, February 14th. Finally, Keefe, Bruyette & Woods increased their price objective on First American Financial from $74.00 to $75.00 and gave the stock a “market perform” rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, First American Financial presently has a consensus rating of “Moderate Buy” and an average target price of $74.50.

First American Financial Trading Up 1.0 %

NYSE:FAF opened at $64.76 on Thursday. The stock has a market cap of $6.67 billion, a P/E ratio of 51.81 and a beta of 1.33. The stock has a 50 day simple moving average of $62.61 and a 200 day simple moving average of $64.02. First American Financial Co. has a 1-year low of $51.60 and a 1-year high of $70.92.

First American Financial (NYSE:FAF) last posted its quarterly earnings data on Wednesday, February 12th. The insurance provider reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.22. First American Financial had a return on equity of 9.35% and a net margin of 2.14%. As a group, sell-side analysts forecast that First American Financial Co. will post 5.45 EPS for the current year.

First American Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Monday, March 10th. First American Financial’s dividend payout ratio (DPR) is 172.80%.

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.