Goldstone Financial Group LLC Makes New $204,000 Investment in First American Financial Co. (NYSE:FAF)

Goldstone Financial Group LLC bought a new stake in shares of First American Financial Co. (NYSE:FAF) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,264 shares of the insurance provider’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FAF. Venturi Wealth Management LLC increased its position in First American Financial by 132.3% in the third quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider’s stock worth $41,000 after buying an additional 356 shares during the period. Quarry LP lifted its stake in First American Financial by 340.8% in the second quarter. Quarry LP now owns 864 shares of the insurance provider’s stock valued at $47,000 after buying an additional 668 shares during the last quarter. Blue Trust Inc. boosted its holdings 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 valued at $67,000 after acquiring an additional 696 shares during the period. GAMMA Investing LLC grew its position 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 worth $67,000 after acquiring an additional 277 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in shares of First American Financial in the 3rd quarter worth about $75,000. 89.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

FAF has been the subject of a number of analyst reports. Stephens boosted their target price on shares of First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Truist Financial increased their price objective on First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods cut their target price on First American Financial from $80.00 to $74.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays boosted their price target on First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, First American Financial has an average rating of “Moderate Buy” and an average price target of $73.00.

First American Financial Trading Down 0.3 %

Shares of NYSE:FAF opened at $61.97 on Friday. First American Financial Co. has a twelve month low of $51.60 and a twelve month high of $70.92. The firm has a market cap of $6.38 billion, a P/E ratio of 69.63 and a beta of 1.33. The company has a 50 day moving average of $64.54 and a 200-day moving average of $62.96.

First American Financial (NYSE:FAF) last issued its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.19. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.66 billion. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period last year, the firm earned $1.22 EPS. Equities research analysts forecast that First American Financial Co. will post 4.07 EPS for the current year.

First American Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.49%. The ex-dividend date was Monday, December 9th. First American Financial’s dividend payout ratio is 242.70%.

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.