First Bank & Trust Takes Position in First American Financial Co. (NYSE:FAF)

First Bank & Trust bought a new stake in First American Financial Co. (NYSE:FAF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,323 shares of the insurance provider’s stock, valued at approximately $207,000.

A number of other large investors also recently modified their holdings of FAF. UMB Bank n.a. lifted its holdings in shares of First American Financial by 66.9% in the fourth quarter. UMB Bank n.a. now owns 524 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 210 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of First American Financial by 132.3% in the third quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 356 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of First American Financial by 214.2% in the third quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider’s stock valued at $67,000 after purchasing an additional 696 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of First American Financial by 34.9% in 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 in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in First American Financial during the third quarter worth $75,000. Institutional investors own 89.05% of the company’s stock.

Insider Activity

In other news, Director Dennis J. Gilmore sold 111,971 shares of First American Financial stock in a transaction on Friday, February 14th. The stock was sold at an average price of $63.60, for a total value of $7,121,355.60. Following the completion of the transaction, the director now directly owns 494,574 shares in the company, valued at approximately $31,454,906.40. The trade was a 18.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is owned by company insiders.

First American Financial Price Performance

Shares of FAF opened at $63.22 on Friday. The firm has a market cap of $6.51 billion, a PE ratio of 50.58 and a beta of 1.33. The stock’s fifty day moving average price is $62.56 and its two-hundred day moving average price is $64.02. First American Financial Co. has a 1 year low of $51.60 and a 1 year high of $70.92.

First American Financial (NYSE:FAF) last issued its earnings results on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.22. First American Financial had a return on equity of 9.35% and a net margin of 2.14%. Sell-side analysts anticipate that First American Financial Co. will post 5.35 earnings per share for the current fiscal year.

First American Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Monday, March 10th. First American Financial’s dividend payout ratio (DPR) is presently 172.80%.

Analyst Ratings Changes

FAF has been the topic of a number of recent analyst reports. Truist Financial lifted their price target on First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Barclays lifted their price target on First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Stephens lifted their price target on First American Financial from $73.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, Keefe, Bruyette & Woods lifted their price target on First American Financial from $74.00 to $75.00 and gave the stock a “market perform” rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $74.50.

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.