Several hedge funds adjusted their holdings in First American Financial recently. Mather Group LLC increased its stake by 99.1%, owning 671 shares valued at $36,000 after buying 334 additional shares. GAMMA Investing LLC grew its position by 56.9%, now holding 709 shares worth $38,000 after a purchase of 257 shares. Abich Financial Wealth Management LLC raised its stake by 56.5%, owning 798 shares valued at $49,000 after acquiring 288 shares. Quarry LP significantly increased its holdings by 340.8%, now possessing 864 shares valued at $47,000 after buying 668 shares. Ashton Thomas Private Wealth LLC also entered a new position with an investment around $47,000. Institutional investors own 89.05% of the company’s stock.
Wall Street Analysts Forecast Growth
Research firms have expressed positive views on FAF. Stephens gave it an “overweight” rating with a $66.00 target price on July 25th. Keefe, Bruyette & Woods raised the target to $72.00 with an “outperform” rating on September 4th. Barclays increased their price target from $61.00 to $70.00 with an “equal weight” rating on October 8th. Truist Financial lifted their target from $65.00 to $68.00 with a “buy” rating on July 26th. MarketBeat.com reports an average rating of “Moderate Buy” with a target price of $69.00.
View Our Latest Stock Report on FAF
First American Financial Stock Down 0.5%
The stock opened at $66.89 on Friday, with a 12-month low of $49.55 and a high of $67.88. Its fifty-day moving average is $64.44, and the two-hundred-day is $58.94. The market cap is $6.94 billion, with a PE ratio of 32.00 and a beta of 1.29. The latest earnings released on July 24th reported $1.27 earnings per share, surpassing the estimate of $1.13. Revenue was $1.61 billion, slightly below the $1.62 billion estimate. The company expects to post earnings of 3.89 EPS for the current year.
First American Financial Increases Dividend
The company declared a quarterly dividend of $0.54, which is an increase from the previous $0.53, resulting in an annualized dividend of $2.16 and a yield of 3.23%. The ex-dividend date was September 20th, with a payout ratio of 103.35%.
First American Financial Profile
First American Financial Corporation offers financial services through its subsidiaries. It operates in Title Insurance and Services, and Home Warranty segments, issuing title insurance policies for residential and commercial properties globally.
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