First American Financial Co. (NYSE:FAF) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lifted its stake in shares of First American Financial Co. (NYSE:FAF) by 5.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 86,507 shares of the insurance provider’s stock after purchasing an additional 4,351 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in First American Financial were worth $5,401,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Venturi Wealth Management LLC lifted its position 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 worth $41,000 after acquiring an additional 356 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of First American Financial in the second quarter worth about $47,000. Quarry LP lifted its holdings in shares of First American Financial by 340.8% during the second quarter. Quarry LP now owns 864 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 668 shares during the period. Blue Trust Inc. increased 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. Finally, GAMMA Investing LLC increased its holdings 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 worth $67,000 after buying an additional 277 shares during the period. 89.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FAF has been the topic of several recent research reports. Barclays upped 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 report on Friday, October 25th. Keefe, Bruyette & Woods lowered their price target on shares of First American Financial from $80.00 to $74.00 and set a “market perform” rating on the stock in a report on Wednesday. Stephens lifted their price objective 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 boosted their price objective on First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two investment 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 currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

First American Financial Stock Performance

FAF stock opened at $57.88 on Friday. First American Financial Co. has a one year low of $51.60 and a one year high of $70.92. The firm’s fifty day moving average is $64.88 and its 200 day moving average is $62.70. The firm has a market cap of $5.96 billion, a PE ratio of 65.03 and a beta of 1.33.

First American Financial (NYSE:FAF) last announced its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.19. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.66 billion. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. First American Financial’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.22 EPS. Research analysts predict that First American Financial Co. will post 4.07 earnings per share for the current fiscal year.

First American Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.73%. First American Financial’s dividend payout ratio (DPR) 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.