Vanguard Personalized Indexing Management LLC Sells 216 Shares of First American Financial Corporation $FAF

Vanguard Personalized Indexing Management LLC lessened its holdings in First American Financial Corporation (NYSE:FAF) by 3.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,014 shares of the insurance provider’s stock after selling 216 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in First American Financial were worth $369,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Alpine Bank Wealth Management acquired a new position in shares of First American Financial in the first quarter valued at $28,000. Richardson Capital Management LLC bought a new stake in shares of First American Financial during the 1st quarter worth about $39,000. Ameritas Advisory Services LLC bought a new stake in shares of First American Financial during the 2nd quarter worth about $48,000. Ransom Advisory Ltd acquired a new position in First American Financial in the 1st quarter valued at about $66,000. Finally, GAMMA Investing LLC raised its holdings in First American Financial by 23.9% in the 1st quarter. GAMMA Investing LLC now owns 1,327 shares of the insurance provider’s stock valued at $87,000 after acquiring an additional 256 shares during the period. 89.05% of the stock is owned by institutional investors.

First American Financial Stock Up 3.4%

FAF opened at $63.50 on Friday. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 13.66 and a beta of 1.27. First American Financial Corporation has a twelve month low of $53.09 and a twelve month high of $70.92. The company has a 50-day simple moving average of $64.23 and a 200 day simple moving average of $61.10.

First American Financial (NYSE:FAF) last released its earnings results on Wednesday, October 22nd. The insurance provider reported $1.84 EPS for the quarter, beating the consensus estimate of $1.42 by $0.42. The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $1.87 billion. First American Financial had a net margin of 6.80% and a return on equity of 11.17%. The business’s quarterly revenue was up 40.7% compared to the same quarter last year. During the same period last year, the firm earned $1.34 EPS. Sell-side analysts anticipate that First American Financial Corporation will post 5.35 EPS for the current fiscal year.

First American Financial declared that its board has approved a share repurchase program on Wednesday, July 23rd that allows the company to buyback $300.00 million in shares. This buyback authorization allows the insurance provider to buy up to 5.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

First American Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 22nd were given a dividend of $0.55 per share. This is an increase from First American Financial’s previous quarterly dividend of $0.54. This represents a $2.20 annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, September 22nd. First American Financial’s dividend payout ratio (DPR) is presently 121.55%.

Insiders Place Their Bets

In other First American Financial news, Director Margaret M. Mccarthy sold 3,500 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $65.63, for a total transaction of $229,705.00. Following the completion of the sale, the director directly owned 28,095 shares in the company, valued at $1,843,874.85. This represents a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on FAF shares. Keefe, Bruyette & Woods boosted their price objective on First American Financial from $77.00 to $79.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Wall Street Zen lowered First American Financial from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Barclays boosted their price target on First American Financial from $70.00 to $71.00 and gave the company a “cautious” rating in a research note on Monday, October 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of First American Financial in a research report on Wednesday, October 8th. Finally, Truist Financial set a $76.00 target price on First American Financial in a report on Thursday. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $76.00.

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.