Aaron Wealth Advisors LLC Invests $511,000 in First American Financial Corporation $FAF

Aaron Wealth Advisors LLC purchased a new position in shares of First American Financial Corporation (NYSE:FAF) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,952 shares of the insurance provider’s stock, valued at approximately $511,000.

Several other institutional investors have also recently bought and sold shares of the business. Elevation Point Wealth Partners LLC bought a new stake in shares of First American Financial during the second quarter worth $35,000. Atlantic Union Bankshares Corp bought a new position in shares of First American Financial in the second quarter valued at about $36,000. Ameritas Advisory Services LLC acquired a new position in First American Financial during the 2nd quarter worth about $48,000. EverSource Wealth Advisors LLC lifted its position in First American Financial by 189.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 912 shares of the insurance provider’s stock worth $56,000 after buying an additional 597 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new stake in First American Financial during the 1st quarter worth about $66,000. Institutional investors own 89.05% of the company’s stock.

First American Financial Stock Up 0.3%

Shares of First American Financial stock opened at $63.87 on Friday. The business has a fifty day simple moving average of $63.01 and a 200 day simple moving average of $62.34. The stock has a market cap of $6.51 billion, a PE ratio of 13.74 and a beta of 1.27. First American Financial Corporation has a 12 month low of $53.09 and a 12 month high of $68.64.

First American Financial (NYSE:FAF) last released its earnings results on Thursday, October 23rd. The insurance provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.28. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.87 billion. First American Financial had a return on equity of 11.01% and a net margin of 6.80%.The company’s quarterly revenue was up 40.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.34 earnings per share. Analysts expect that First American Financial Corporation will post 5.35 EPS for the current fiscal year.

First American Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 8th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $2.20 annualized dividend and a yield of 3.4%. First American Financial’s dividend payout ratio (DPR) is presently 47.31%.

Analyst Ratings Changes

A number of brokerages have weighed in on FAF. Stephens assumed coverage on shares of First American Financial in a research note on Friday, November 14th. They issued an “equal weight” rating for the company. Wall Street Zen raised shares of First American Financial from a “hold” rating to a “buy” rating in a research note on Sunday, December 14th. Weiss Ratings raised shares of First American Financial from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Keefe, Bruyette & Woods upped their price objective on First American Financial from $79.00 to $81.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Truist Financial increased their price objective on First American Financial from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, First American Financial currently has an average rating of “Hold” and an average target price of $76.50.

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.