First American Financial Co. (NYSE:FAF) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in First American Financial Co. (NYSE:FAF) by 3.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,388 shares of the insurance provider’s stock after selling 2,093 shares during the quarter. Mutual of America Capital Management LLC owned 0.06% of First American Financial worth $3,204,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Verition Fund Management LLC lifted its holdings in First American Financial by 21.3% in the 4th quarter. Verition Fund Management LLC now owns 196,081 shares of the insurance provider’s stock worth $12,635,000 after buying an additional 34,444 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of First American Financial by 7.3% in the 1st quarter. First Eagle Investment Management LLC now owns 187,285 shares of the insurance provider’s stock valued at $11,434,000 after purchasing an additional 12,720 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of First American Financial by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 10,567,038 shares of the insurance provider’s stock valued at $645,118,000 after purchasing an additional 431,089 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of First American Financial by 9.0% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,340,491 shares of the insurance provider’s stock valued at $81,836,000 after purchasing an additional 111,197 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of First American Financial in the 4th quarter valued at about $1,969,000. Institutional investors and hedge funds own 89.05% of the company’s stock.

First American Financial Stock Up 0.0 %

FAF opened at $65.01 on Tuesday. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 31.11 and a beta of 1.29. First American Financial Co. has a fifty-two week low of $49.55 and a fifty-two week high of $67.88. The company’s 50-day moving average price is $62.09 and its 200 day moving average price is $57.91.

First American Financial (NYSE:FAF) last posted its earnings results on Wednesday, July 24th. The insurance provider reported $1.27 EPS for the quarter, topping the consensus estimate of $1.13 by $0.14. First American Financial had a net margin of 3.28% and a return on equity of 7.98%. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the prior year, the firm earned $1.35 EPS. First American Financial’s quarterly revenue was down 2.1% on a year-over-year basis. Research analysts anticipate that First American Financial Co. will post 3.89 earnings per share for the current year.

First American Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 20th will be given a $0.54 dividend. This is a boost from First American Financial’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, September 20th. This represents a $2.16 annualized dividend and a yield of 3.32%. First American Financial’s dividend payout ratio is 103.35%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FAF shares. Barclays cut their target price on shares of First American Financial from $65.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 9th. Stephens restated an “overweight” rating and issued a $66.00 target price on shares of First American Financial in a research note on Thursday, July 25th. Keefe, Bruyette & Woods upped their target price on shares of First American Financial from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, September 4th. Finally, Truist Financial upped their target price on shares of First American Financial from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.75.

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.