Versor Investments LP Sells 21,620 Shares of First American Financial Corporation $FAF

Versor Investments LP lessened its holdings in shares of First American Financial Corporation (NYSE:FAF) by 62.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,841 shares of the insurance provider’s stock after selling 21,620 shares during the quarter. Versor Investments LP’s holdings in First American Financial were worth $825,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. ProShare Advisors LLC grew its stake in First American Financial by 3.9% in the 2nd quarter. ProShare Advisors LLC now owns 4,561 shares of the insurance provider’s stock valued at $280,000 after buying an additional 172 shares during the last quarter. Maryland State Retirement & Pension System boosted its holdings in First American Financial by 3.9% during the third quarter. Maryland State Retirement & Pension System now owns 4,850 shares of the insurance provider’s stock valued at $312,000 after acquiring an additional 180 shares during the period. KLP Kapitalforvaltning AS grew its position in shares of First American Financial by 0.9% in the third quarter. KLP Kapitalforvaltning AS now owns 21,500 shares of the insurance provider’s stock valued at $1,381,000 after purchasing an additional 200 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in shares of First American Financial by 0.5% in the second quarter. Treasurer of the State of North Carolina now owns 45,932 shares of the insurance provider’s stock worth $2,820,000 after purchasing an additional 220 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in First American Financial by 15.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,935 shares of the insurance provider’s stock valued at $124,000 after purchasing an additional 252 shares during the period. 89.05% of the stock is owned by institutional investors.

First American Financial Price Performance

Shares of FAF opened at $66.52 on Wednesday. The business’s 50 day simple moving average is $62.98 and its 200-day simple moving average is $63.48. First American Financial Corporation has a one year low of $53.09 and a one year high of $68.75. The company has a market capitalization of $6.78 billion, a P/E ratio of 14.31, a PEG ratio of 0.70 and a beta of 1.27.

First American Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be paid a $0.55 dividend. The ex-dividend date is Monday, March 9th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.3%. First American Financial’s dividend payout ratio (DPR) is 47.31%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FAF shares. Barclays reduced their price objective on shares of First American Financial from $71.00 to $68.00 and set an “equal weight” rating for the company in a report on Tuesday, January 6th. Wall Street Zen upgraded First American Financial from a “hold” rating to a “buy” rating in a research note on Sunday, December 14th. Truist Financial raised their target price on First American Financial from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Stephens began coverage on First American Financial in a research report on Friday, November 14th. They issued an “equal weight” rating on the stock. Finally, Keefe, Bruyette & Woods lifted their price objective on First American Financial from $79.00 to $81.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $75.75.

First American Financial Profile

First American Financial Corporation is a leading provider of title insurance, settlement services and diversified real estate-related data and analytics. Headquartered in Santa Ana, California, the company serves customers throughout the United States as well as in Canada, Europe, Latin America and Asia. Its business is built on the underwriting capabilities of its title insurance operations combined with comprehensive closing and escrow services for homebuyers, sellers, mortgage lenders and real estate professionals.

The company’s title insurance segment issues policies that protect property owners and mortgage lenders against defects in titles, liens or encumbrances that can arise during real property transactions.