First American Financial Corporation $FAF Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its position in shares of First American Financial Corporation (NYSE:FAF) by 24.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,902 shares of the insurance provider’s stock after selling 15,872 shares during the quarter. Thrivent Financial for Lutherans’ holdings in First American Financial were worth $3,141,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of FAF. AXQ Capital LP increased its stake in First American Financial by 29.4% in the 2nd quarter. AXQ Capital LP now owns 10,880 shares of the insurance provider’s stock valued at $668,000 after purchasing an additional 2,470 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in First American Financial in the third quarter valued at $1,215,000. Jump Financial LLC increased its position in shares of First American Financial by 329.6% in the second quarter. Jump Financial LLC now owns 150,989 shares of the insurance provider’s stock valued at $9,269,000 after buying an additional 115,845 shares in the last quarter. Reinhart Partners LLC. increased its position in shares of First American Financial by 31.3% in the third quarter. Reinhart Partners LLC. now owns 1,598,007 shares of the insurance provider’s stock valued at $102,657,000 after buying an additional 380,744 shares in the last quarter. Finally, Oak Thistle LLC acquired a new position in shares of First American Financial during the 3rd quarter worth $1,299,000. Institutional investors and hedge funds own 89.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FAF. Barclays lowered their price objective on shares of First American Financial from $71.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 6th. Stephens assumed coverage on shares of First American Financial in a report on Friday, November 14th. They issued an “equal weight” rating on the stock. Keefe, Bruyette & Woods increased their price target on shares of First American Financial from $79.00 to $81.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Weiss Ratings restated a “buy (b-)” rating on shares of First American Financial in a research report on Friday, December 26th. Finally, Truist Financial upped their target price on First American Financial from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.75.

First American Financial Price Performance

NYSE:FAF opened at $67.42 on Monday. The firm has a market cap of $6.87 billion, a PE ratio of 14.50, a P/E/G ratio of 0.72 and a beta of 1.27. The firm has a 50 day simple moving average of $62.96 and a 200-day simple moving average of $63.40. First American Financial Corporation has a 1-year low of $53.09 and a 1-year high of $68.75.

First American Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, March 9th. First American Financial’s dividend payout ratio is currently 47.31%.

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.