Cwm LLC Decreases Stock Holdings in First American Financial Co. (NYSE:FAF)

Cwm LLC lowered its position in shares of First American Financial Co. (NYSE:FAFGet Rating) by 98.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,299 shares of the insurance provider’s stock after selling 63,361 shares during the period. Cwm LLC’s holdings in First American Financial were worth $60,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp grew its position in shares of First American Financial by 69.0% in the 3rd quarter. Fifth Third Bancorp now owns 583 shares of the insurance provider’s stock worth $27,000 after buying an additional 238 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in First American Financial in the second quarter worth $36,000. Brown Brothers Harriman & Co. purchased a new stake in First American Financial in the first quarter worth $46,000. TCI Wealth Advisors Inc. boosted its holdings in First American Financial by 72.1% in the second quarter. TCI Wealth Advisors Inc. now owns 704 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 295 shares in the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new position in First American Financial during the 2nd quarter valued at $50,000. Hedge funds and other institutional investors own 84.45% of the company’s stock.

First American Financial Stock Performance

FAF stock opened at $59.52 on Friday. The firm has a 50 day moving average price of $54.09 and a 200-day moving average price of $52.87. First American Financial Co. has a 52-week low of $43.54 and a 52-week high of $78.20. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 14.04 and a beta of 1.21.

First American Financial (NYSE:FAFGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The insurance provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.12. First American Financial had a return on equity of 14.89% and a net margin of 5.66%. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.99 billion. As a group, sell-side analysts forecast that First American Financial Co. will post 6.22 earnings per share for the current fiscal year.

First American Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 8th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend was Wednesday, December 7th. First American Financial’s dividend payout ratio (DPR) is 49.06%.

Wall Street Analyst Weigh In

FAF has been the subject of several research analyst reports. Keefe, Bruyette & Woods cut shares of First American Financial from an “outperform” rating to a “market perform” rating and set a $61.00 target price for the company. in a research report on Wednesday, December 14th. TheStreet cut First American Financial from a “b-” rating to a “c+” rating in a research report on Friday, September 30th. Truist Financial reduced their target price on First American Financial from $77.00 to $67.00 and set a “buy” rating on the stock in a report on Monday, October 17th. StockNews.com began coverage on First American Financial in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Barclays upped their price target on First American Financial from $64.00 to $67.00 in a research note on Friday, January 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $69.60.

First American Financial Profile

(Get Rating)

First American Financial Corp. engages in the provision of title insurance and settlement services to the real estate and mortgage industries. It also provides other financial services and risk solutions. It operates through the following segments: Title Insurance and Services, Specialty Insurance, and Corporate.

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Institutional Ownership by Quarter for First American Financial (NYSE:FAF)

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