Andra AP fonden Has $244,000 Stake in First American Financial Corporation $FAF

Andra AP fonden reduced its position in First American Financial Corporation (NYSE:FAF) by 88.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,800 shares of the insurance provider’s stock after selling 29,814 shares during the quarter. Andra AP fonden’s holdings in First American Financial were worth $244,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ProShare Advisors LLC boosted its position in shares of First American Financial by 3.9% during the 2nd quarter. ProShare Advisors LLC now owns 4,561 shares of the insurance provider’s stock worth $280,000 after acquiring an additional 172 shares in the last quarter. Maryland State Retirement & Pension System lifted its stake in First American Financial by 3.9% during the third quarter. Maryland State Retirement & Pension System now owns 4,850 shares of the insurance provider’s stock worth $312,000 after purchasing an additional 180 shares during the last quarter. KLP Kapitalforvaltning AS boosted its holdings in shares of First American Financial by 0.9% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 21,500 shares of the insurance provider’s stock valued at $1,381,000 after purchasing an additional 200 shares in the last quarter. Clearstead Advisors LLC increased its stake in shares of First American Financial by 33.0% in the 3rd quarter. Clearstead Advisors LLC now owns 859 shares of the insurance provider’s stock valued at $55,000 after purchasing an additional 213 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of First American Financial by 0.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 45,932 shares of the insurance provider’s stock worth $2,820,000 after buying an additional 220 shares in the last quarter. Institutional investors own 89.05% of the company’s stock.

Insider Activity

In related news, Director Parker S. Kennedy acquired 44,841 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average price of $67.85 per share, with a total value of $3,042,461.85. Following the acquisition, the director owned 251,552 shares of the company’s stock, valued at approximately $17,067,803.20. This trade represents a 21.69% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.70% of the company’s stock.

First American Financial Price Performance

NYSE FAF opened at $70.15 on Monday. The business’s fifty day moving average is $63.83 and its 200-day moving average is $63.93. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 0.73 and a beta of 1.25. First American Financial Corporation has a one year low of $53.09 and a one year high of $70.27.

First American Financial (NYSE:FAF) last announced its quarterly earnings data on Wednesday, February 11th. The insurance provider reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.50. First American Financial had a return on equity of 11.92% and a net margin of 8.34%.The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the company earned $1.35 earnings per share. First American Financial’s revenue was up 21.6% compared to the same quarter last year. Research analysts expect that First American Financial Corporation will post 5.35 EPS for the current fiscal year.

First American Financial Dividend Announcement

The business 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 $0.55 dividend. The ex-dividend date is Monday, March 9th. This represents a $2.20 annualized dividend and a dividend yield of 3.1%. First American Financial’s payout ratio is 36.61%.

Analyst Upgrades and Downgrades

FAF has been the subject of several recent analyst reports. Truist Financial upped their price objective on First American Financial from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Barclays boosted their target price on First American Financial from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of First American Financial in a research note on Friday, February 13th. Stephens assumed coverage on shares of First American Financial in a research report on Friday, November 14th. They set an “equal weight” rating for the company. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of First American Financial in a research report on Friday, December 26th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.67.

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.