Several hedge funds have recently increased their holdings in First American Financial. Mather Group LLC raised its stake by 99.1%, now owning 671 shares worth $36,000 after purchasing 334 more shares. GAMMA Investing LLC increased its stake by 56.9%, owning 709 shares valued at $38,000 after buying 257 shares. Abich Financial Wealth Management LLC also lifted its position by 56.5%, bringing its total to 798 shares worth $49,000 following a purchase of 288 shares. Quarry LP went up by 340.8%, now holding 864 shares worth $47,000 after acquiring 668 shares. Ashton Thomas Private Wealth LLC made a new investment of approximately $47,000 in the company. Overall, institutional investors own 89.05% of First American Financial’s shares.
Wall Street Analysts Forecast Growth
Research firms have shared their views on First American Financial (FAF). Stephens maintains an “overweight” rating with a $66.00 target price. Keefe, Bruyette & Woods increased their target from $66.00 to $72.00, labeling it “outperform.” Barclays raised its price target to $70.00 with an “equal weight” rating. Truist Financial also lifted its target to $68.00, giving a “buy” rating. The consensus indicates a “Moderate Buy” rating with an average target price of $69.00 from four buy and two hold ratings.
View Our Latest Stock Report on FAF
First American Financial Stock Down 0.5%
On Friday, shares opened at $66.89. The stock has a 12-month low of $49.55 and a high of $67.88, with a market cap of $6.94 billion. The PE ratio stands at 32.00, and the beta is 1.29. The last earnings report showed $1.27 EPS, exceeding the $1.13 estimate, with revenue of $1.61 billion, slightly below expectations. Analysts project EPS of 3.89 for the current fiscal year.
First American Financial Increases Dividend
The company declared a quarterly dividend of $0.54, paid on September 27th, up from $0.53 previously. The annualized dividend is $2.16, yielding 3.23%. The payout ratio is 103.35%.
First American Financial Profile
First American Financial Corporation provides financial services through its subsidiaries, focusing on Title Insurance and Home Warranty services, issuing policies on residential and commercial properties.
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Want to see what other hedge funds are holding FAF? Visit HoldingsChannel.com for the latest 13F filings and insider trades for First American Financial Co. (NYSE:FAF – Free Report).
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