Pacer Advisors Inc. Increases Stock Position in First American Financial Co. (NYSE:FAF)

Pacer Advisors Inc. lifted its holdings in shares of First American Financial Co. (NYSE:FAF) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,353 shares of the insurance provider’s stock after acquiring an additional 362 shares during the quarter. Pacer Advisors Inc.’s holdings in First American Financial were worth $959,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of 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 valued at $33,000 after acquiring an additional 210 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings 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 acquiring an additional 356 shares during the period. Blue Trust Inc. lifted its position in shares of First American Financial by 214.2% during 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 during the last quarter. GAMMA Investing LLC boosted 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 purchasing an additional 277 shares during the period. Finally, Sunbelt Securities Inc. bought a new position in shares of First American Financial in the third quarter worth about $75,000. 89.05% of the stock is owned by hedge funds and other institutional investors.

First American Financial Trading Down 0.7 %

NYSE:FAF opened at $62.76 on Tuesday. The company has a market capitalization of $6.46 billion, a P/E ratio of 70.52 and a beta of 1.33. The firm has a 50-day moving average price of $63.86 and a two-hundred day moving average price of $63.67. First American Financial Co. has a twelve month low of $51.60 and a twelve month high of $70.92.

First American Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Monday, March 10th. First American Financial’s dividend payout ratio (DPR) is 242.70%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FAF shares. Barclays boosted their price objective 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. Keefe, Bruyette & Woods decreased their price objective 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. Stephens lifted their target price on First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Truist Financial raised their price target on shares of First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

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.