First American Financial Corporation $FAF Stock Holdings Increased by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC boosted its stake in shares of First American Financial Corporation (NYSE:FAF) by 8.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 521,573 shares of the insurance provider’s stock after purchasing an additional 39,445 shares during the period. ArrowMark Colorado Holdings LLC owned about 0.51% of First American Financial worth $33,506,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. SJS Investment Consulting Inc. lifted its position in First American Financial by 2,887.5% in the 3rd quarter. SJS Investment Consulting Inc. now owns 478 shares of the insurance provider’s stock worth $31,000 after buying an additional 462 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of First American Financial during the 2nd quarter valued at $35,000. First Horizon Corp purchased a new position in shares of First American Financial during the 3rd quarter valued at $37,000. Tripletail Wealth Management LLC acquired a new position in shares of First American Financial in the third quarter worth $41,000. Finally, Clearstead Advisors LLC increased its stake in shares of First American Financial by 33.0% in the third quarter. Clearstead Advisors LLC now owns 859 shares of the insurance provider’s stock worth $55,000 after acquiring an additional 213 shares during the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on FAF shares. Keefe, Bruyette & Woods lifted their price objective on First American Financial from $79.00 to $81.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Barclays upped their target price on First American Financial from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Stephens raised First American Financial from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $70.00 to $81.00 in a research note on Monday, March 2nd. Truist Financial lifted their price target on First American Financial from $76.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of First American Financial in a research note on Friday, February 13th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $78.50.

Insider Activity at First American Financial

In other news, Director Parker S. Kennedy purchased 44,841 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were bought at an average price of $67.85 per share, with a total value of $3,042,461.85. Following the completion of the transaction, the director directly owned 251,552 shares in the company, valued at $17,067,803.20. This trade represents a 21.69% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

First American Financial Price Performance

First American Financial stock opened at $65.70 on Friday. First American Financial Corporation has a one year low of $53.09 and a one year high of $71.47. The company’s fifty day moving average price is $64.93 and its two-hundred day moving average price is $64.06. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 0.68 and a beta of 1.25.

First American Financial (NYSE:FAF) last issued its quarterly earnings data on Wednesday, February 11th. The insurance provider reported $1.99 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the firm posted $1.35 EPS. The firm’s revenue for the quarter was up 21.6% on a year-over-year basis. As a group, sell-side analysts anticipate that First American Financial Corporation will post 5.35 earnings per share for the current year.

First American Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.3%. The ex-dividend date is Monday, March 9th. First American Financial’s dividend payout ratio (DPR) is 36.61%.

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.