78,554 Shares in First American Financial Corporation $FAF Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL bought a new stake in First American Financial Corporation (NYSE:FAF) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 78,554 shares of the insurance provider’s stock, valued at approximately $5,046,000.

Other institutional investors also recently added to or reduced their stakes in the company. Boston Partners grew its holdings in First American Financial by 8.9% during the 3rd quarter. Boston Partners now owns 6,133,594 shares of the insurance provider’s stock worth $393,690,000 after acquiring an additional 500,649 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of First American Financial by 4.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,293,573 shares of the insurance provider’s stock valued at $275,816,000 after purchasing an additional 168,706 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of First American Financial by 194.5% in the 3rd quarter. Capital Research Global Investors now owns 3,306,583 shares of the insurance provider’s stock valued at $212,415,000 after purchasing an additional 2,183,960 shares in the last quarter. Reinhart Partners LLC. raised its holdings in shares of First American Financial by 31.3% in the 3rd quarter. Reinhart Partners LLC. now owns 1,598,007 shares of the insurance provider’s stock valued at $102,657,000 after purchasing an additional 380,744 shares in the last quarter. Finally, Channing Capital Management LLC lifted its position in shares of First American Financial by 16.9% during the 3rd quarter. Channing Capital Management LLC now owns 1,547,790 shares of the insurance provider’s stock worth $99,430,000 after purchasing an additional 224,277 shares during the last quarter. Hedge funds and other institutional investors own 89.05% of the company’s stock.

First American Financial Price Performance

NYSE FAF opened at $58.33 on Thursday. The firm’s fifty day moving average price is $64.93 and its 200 day moving average price is $63.78. First American Financial Corporation has a 12 month low of $53.09 and a 12 month high of $71.47. The company has a market capitalization of $5.97 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 0.60 and a beta of 1.25.

First American Financial (NYSE:FAF) last announced its quarterly earnings results on Wednesday, February 11th. The insurance provider reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.50. First American Financial had a net margin of 8.34% and a return on equity of 11.92%. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the company earned $1.35 earnings per share. First American Financial’s quarterly revenue was up 21.6% compared to the same quarter last year. As a group, sell-side analysts forecast that First American Financial Corporation will post 5.35 earnings per share for the current year.

First American Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were given a dividend of $0.55 per share. The ex-dividend date was Monday, March 9th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.8%. First American Financial’s payout ratio is 36.61%.

Insider Buying and Selling at First American Financial

In other news, Director Parker S. Kennedy bought 44,841 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was purchased at an average cost of $67.85 per share, with a total value of $3,042,461.85. Following the transaction, the director directly owned 251,552 shares in the company, valued at $17,067,803.20. This trade represents a 21.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

FAF has been the subject of a number of analyst reports. Barclays boosted their target price on shares of First American Financial from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of First American Financial in a report on Friday, December 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of First American Financial in a research report on Friday, February 13th. Keefe, Bruyette & Woods increased 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. Finally, Truist Financial raised their target price on First American Financial from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.50.

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.