1834 Investment Advisors Co. Reduces Holdings in First American Financial Corporation $FAF

1834 Investment Advisors Co. decreased its position in shares of First American Financial Corporation (NYSE:FAF) by 71.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,119 shares of the insurance provider’s stock after selling 17,540 shares during the period. 1834 Investment Advisors Co.’s holdings in First American Financial were worth $457,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its position in shares of First American Financial by 121.3% during the first quarter. Jones Financial Companies Lllp now owns 1,483 shares of the insurance provider’s stock worth $97,000 after purchasing an additional 813 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in First American Financial by 10.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 293,058 shares of the insurance provider’s stock worth $19,233,000 after buying an additional 28,666 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in First American Financial by 7.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 414,146 shares of the insurance provider’s stock valued at $27,180,000 after buying an additional 27,600 shares in the last quarter. Jane Street Group LLC lifted its holdings in First American Financial by 182.5% during the 1st quarter. Jane Street Group LLC now owns 67,572 shares of the insurance provider’s stock valued at $4,435,000 after buying an additional 43,651 shares in the last quarter. Finally, Focus Partners Wealth boosted its position in First American Financial by 11.3% in the 1st quarter. Focus Partners Wealth now owns 4,282 shares of the insurance provider’s stock valued at $281,000 after buying an additional 435 shares during the period. Institutional investors own 89.05% of the company’s stock.

First American Financial Stock Down 2.4%

Shares of First American Financial stock opened at $63.46 on Monday. The company has a market cap of $6.47 billion, a P/E ratio of 13.65 and a beta of 1.27. The firm’s 50 day moving average price is $62.84 and its 200-day moving average price is $62.81. First American Financial Corporation has a 52-week low of $53.09 and a 52-week high of $68.64.

First American Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.5%. First American Financial’s dividend payout ratio is presently 47.31%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays reduced their target price on shares of First American Financial from $71.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of First American Financial in a research note on Friday, December 26th. Keefe, Bruyette & Woods raised 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, December 18th. Stephens began coverage on First American Financial in a report on Friday, November 14th. They issued an “equal weight” rating for the company. Finally, Truist Financial increased their price target on First American Financial from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $75.75.

First American Financial Company Profile

First American Financial Corporation is a leading provider of title insurance, settlement services and diversified real estate-related data and analytics. Headquartered in Santa Ana, California, the company serves customers throughout the United States as well as in Canada, Europe, Latin America and Asia. Its business is built on the underwriting capabilities of its title insurance operations combined with comprehensive closing and escrow services for homebuyers, sellers, mortgage lenders and real estate professionals.

The company’s title insurance segment issues policies that protect property owners and mortgage lenders against defects in titles, liens or encumbrances that can arise during real property transactions.