Oak Thistle LLC Takes Position in First American Financial Corporation $FAF

Oak Thistle LLC purchased a new stake in shares of First American Financial Corporation (NYSE:FAF) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 20,219 shares of the insurance provider’s stock, valued at approximately $1,299,000.

A number of other large investors also recently bought and sold shares of FAF. Norges Bank acquired a new stake in shares of First American Financial during the 2nd quarter worth approximately $77,143,000. Channing Capital Management LLC lifted its stake in shares of First American Financial by 875.1% in the 2nd quarter. Channing Capital Management LLC now owns 1,323,513 shares of the insurance provider’s stock valued at $81,250,000 after purchasing an additional 1,187,787 shares during the period. Boston Partners boosted its holdings in First American Financial by 20.0% during the second quarter. Boston Partners now owns 5,632,945 shares of the insurance provider’s stock worth $345,971,000 after buying an additional 940,687 shares in the last quarter. Frontier Capital Management Co. LLC acquired a new stake in First American Financial during the second quarter valued at $47,600,000. Finally, Nuveen LLC purchased a new position in First American Financial in the first quarter valued at $20,636,000. 89.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

FAF has been the topic of several recent analyst reports. Barclays increased their target price on shares of First American Financial from $70.00 to $71.00 and gave the stock a “cautious” rating in a research note on Monday, October 6th. Wall Street Zen raised First American Financial from a “hold” rating to a “buy” rating in a report on Sunday. Weiss Ratings upgraded First American Financial from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Truist Financial boosted their price objective on First American Financial from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, Stephens initiated coverage on First American Financial in a research note on Friday, November 14th. They set an “equal weight” rating for the company. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $76.00.

First American Financial Trading Down 0.2%

NYSE:FAF opened at $63.76 on Thursday. The stock has a 50 day moving average of $62.93 and a two-hundred day moving average of $62.33. First American Financial Corporation has a 12 month low of $53.09 and a 12 month high of $68.64. The firm has a market cap of $6.50 billion, a P/E ratio of 13.71 and a beta of 1.27.

First American Financial (NYSE:FAF) last issued its quarterly earnings results on Thursday, October 23rd. The insurance provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.28. First American Financial had a return on equity of 11.01% and a net margin of 6.80%.The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the company posted $1.34 earnings per share. The business’s revenue was up 40.7% on a year-over-year basis. On average, research analysts forecast that First American Financial Corporation will post 5.35 earnings per share for the current year.

First American Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 8th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, December 8th. First American Financial’s payout ratio is 47.31%.

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.