Penserra Capital Management LLC Has $248,000 Stock Holdings in First American Financial Corporation $FAF

Penserra Capital Management LLC decreased its position in First American Financial Corporation (NYSE:FAF) by 71.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,867 shares of the insurance provider’s stock after selling 9,810 shares during the period. Penserra Capital Management LLC’s holdings in First American Financial were worth $248,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. ProShare Advisors LLC raised its stake in shares of First American Financial by 3.9% in the second quarter. ProShare Advisors LLC now owns 4,561 shares of the insurance provider’s stock valued at $280,000 after purchasing an additional 172 shares in the last quarter. Maryland State Retirement & Pension System raised its position in First American Financial by 3.9% in 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 in the last quarter. KLP Kapitalforvaltning AS lifted its stake in First American Financial by 0.9% during the third quarter. KLP Kapitalforvaltning AS now owns 21,500 shares of the insurance provider’s stock worth $1,381,000 after purchasing an additional 200 shares during the period. Treasurer of the State of North Carolina boosted its holdings in First American Financial by 0.5% during the second quarter. Treasurer of the State of North Carolina now owns 45,932 shares of the insurance provider’s stock valued at $2,820,000 after purchasing an additional 220 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in First American Financial by 15.0% during the third quarter. Parkside Financial Bank & Trust now owns 1,935 shares of the insurance provider’s stock valued at $124,000 after purchasing an additional 252 shares in the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

Analyst Upgrades and Downgrades

FAF has been the subject of several analyst reports. Barclays cut their target price on First American Financial from $71.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 6th. Stephens initiated coverage on shares of First American Financial in a report on Friday, November 14th. They issued an “equal weight” rating on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of First American Financial in a research report on Friday, December 26th. Wall Street Zen raised shares of First American Financial from a “hold” rating to a “buy” rating in a report on Sunday, December 14th. 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 equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.75.

First American Financial Price Performance

Shares of First American Financial stock opened at $67.42 on Monday. 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 fifty-two week low of $53.09 and a fifty-two week high of $68.75. The firm has a market cap of $6.87 billion, a P/E ratio of 14.50, a P/E/G ratio of 0.72 and a beta of 1.27.

First American Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Monday, March 9th. First American Financial’s dividend payout ratio (DPR) is presently 47.31%.

First American Financial 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.