Advantage Alpha Capital Partners LP Acquires 2,793 Shares of First American Financial Corporation $FAF

Advantage Alpha Capital Partners LP lifted its holdings in shares of First American Financial Corporation (NYSE:FAF) by 3.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,803 shares of the insurance provider’s stock after purchasing an additional 2,793 shares during the quarter. First American Financial accounts for about 1.4% of Advantage Alpha Capital Partners LP’s portfolio, making the stock its 15th biggest position. Advantage Alpha Capital Partners LP owned about 0.08% of First American Financial worth $5,145,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Elevation Point Wealth Partners LLC acquired a new stake in First American Financial during the 2nd quarter worth approximately $35,000. Davis Asset Management L.P. bought a new stake in shares of First American Financial during the second quarter worth $17,702,000. Boston Partners raised its holdings in shares of First American Financial by 20.0% during the second quarter. Boston Partners now owns 5,632,945 shares of the insurance provider’s stock worth $345,971,000 after acquiring an additional 940,687 shares during the period. Prudential Financial Inc. lifted its position in First American Financial by 30.6% in the 2nd quarter. Prudential Financial Inc. now owns 199,269 shares of the insurance provider’s stock valued at $12,910,000 after acquiring an additional 46,674 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in First American Financial by 8.6% in the 2nd quarter. American Century Companies Inc. now owns 46,693 shares of the insurance provider’s stock worth $2,867,000 after purchasing an additional 3,687 shares during the period. 89.05% of the stock is currently owned by institutional investors and hedge funds.

First American Financial Stock Performance

Shares of NYSE FAF opened at $66.07 on Friday. The stock has a 50 day moving average price of $62.84 and a 200 day moving average price of $61.65. The stock has a market capitalization of $6.73 billion, a PE ratio of 14.21 and a beta of 1.24. First American Financial Corporation has a 52 week low of $53.09 and a 52 week high of $70.92.

First American Financial (NYSE:FAF) last announced its quarterly earnings data on Thursday, October 23rd. The insurance provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.28. First American Financial had a return on equity of 11.01% and a net margin of 6.80%.The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the prior year, the business posted $1.34 EPS. The business’s revenue was up 40.7% compared to the same quarter last year. As a group, research analysts forecast that First American Financial Corporation will post 5.35 EPS for the current year.

First American Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 8th will be paid a $0.55 dividend. The ex-dividend date is Monday, December 8th. This represents a $2.20 dividend on an annualized basis and a yield of 3.3%. First American Financial’s dividend payout ratio (DPR) is currently 47.31%.

Wall Street Analyst Weigh In

Several analysts have issued reports on FAF shares. Stephens started coverage on First American Financial in a research note on Friday, November 14th. They issued an “equal weight” rating on the stock. Truist Financial increased their price objective on First American Financial from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Weiss Ratings upgraded First American Financial from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. Wall Street Zen raised First American Financial from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Finally, Barclays lifted their price objective on shares of First American Financial from $70.00 to $71.00 and gave the company a “cautious” rating in a report on Monday, October 6th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, First American Financial has a consensus rating of “Hold” and a consensus target price 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.