Vaughan Nelson Investment Management L.P. Boosts Holdings in First American Financial Co. (NYSE:FAF)

Vaughan Nelson Investment Management L.P. increased its holdings in shares of First American Financial Co. (NYSE:FAF) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,530,977 shares of the insurance provider’s stock after buying an additional 37,866 shares during the period. Vaughan Nelson Investment Management L.P. owned about 1.49% of First American Financial worth $95,594,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in First American Financial by 19.4% in the third quarter. Victory Capital Management Inc. now owns 2,495,766 shares of the insurance provider’s stock valued at $164,746,000 after purchasing an additional 405,146 shares during the period. Geode Capital Management LLC boosted its stake in shares of First American Financial by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,700,903 shares of the insurance provider’s stock valued at $112,306,000 after buying an additional 12,668 shares during the period. Wellington Management Group LLP purchased a new stake in shares of First American Financial during the third quarter worth approximately $95,638,000. Charles Schwab Investment Management Inc. raised its holdings in First American Financial by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,118,145 shares of the insurance provider’s stock valued at $73,809,000 after acquiring an additional 8,315 shares in the last quarter. Finally, Reinhart Partners LLC. lifted its stake in First American Financial by 2.8% in the fourth quarter. Reinhart Partners LLC. now owns 1,042,158 shares of the insurance provider’s stock worth $65,072,000 after acquiring an additional 28,755 shares during the last quarter. 89.05% of the stock is currently owned by institutional investors and hedge funds.

First American Financial Trading Down 0.1 %

Shares of FAF opened at $64.02 on Friday. The company’s 50 day simple moving average is $63.34 and its 200-day simple moving average is $63.76. First American Financial Co. has a 12-month low of $51.60 and a 12-month high of $70.92. The firm has a market cap of $6.59 billion, a PE ratio of 71.93 and a beta of 1.33.

First American Financial Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Monday, March 10th. First American Financial’s dividend payout ratio is currently 242.70%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FAF shares. Keefe, Bruyette & Woods reduced their price objective 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, January 8th. Barclays raised their price target 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 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. Finally, Stephens upped their price target on First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.