US Bancorp DE Has $302,000 Stake in First American Financial Co. (NYSE:FAF)

US Bancorp DE decreased its holdings in First American Financial Co. (NYSE:FAF) by 51.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,570 shares of the insurance provider’s stock after selling 4,816 shares during the quarter. US Bancorp DE’s holdings in First American Financial were worth $302,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Eagle Investment Management LLC raised its position in shares of First American Financial by 7.3% in the 1st quarter. First Eagle Investment Management LLC now owns 187,285 shares of the insurance provider’s stock valued at $11,434,000 after buying an additional 12,720 shares in the last quarter. Vanguard Group Inc. grew its holdings in First American Financial by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 10,567,038 shares of the insurance provider’s stock worth $645,118,000 after acquiring an additional 431,089 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in First American Financial by 6.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,426,821 shares of the insurance provider’s stock worth $76,977,000 after acquiring an additional 86,330 shares during the last quarter. SG Americas Securities LLC bought a new stake in First American Financial during the 2nd quarter worth approximately $1,191,000. Finally, Seven Eight Capital LP bought a new stake in First American Financial during the 1st quarter worth approximately $2,634,000. Institutional investors and hedge funds own 89.05% of the company’s stock.

First American Financial Stock Up 0.2 %

First American Financial stock opened at $64.17 on Thursday. First American Financial Co. has a 12-month low of $51.60 and a 12-month high of $67.88. The firm’s fifty day moving average is $64.80 and its 200 day moving average is $59.75. The company has a market capitalization of $6.61 billion, a PE ratio of 72.10 and a beta of 1.29.

First American Financial (NYSE:FAF) last released its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.19. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the company posted $1.22 earnings per share. The business’s revenue was down 5.1% on a year-over-year basis. Sell-side analysts expect that First American Financial Co. will post 3.99 EPS for the current fiscal year.

First American Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.54 per share. The ex-dividend date is Monday, December 9th. This represents a $2.16 annualized dividend and a yield of 3.37%. First American Financial’s payout ratio is 242.70%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FAF shares. Barclays boosted their target price on shares of First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods upped their price objective on shares of First American Financial from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, September 4th. Stephens upped their price objective on shares of First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Truist Financial upped their price objective on shares of First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.50.

About First American Financial

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.