Natixis Advisors LLC Buys 22,228 Shares of First American Financial Co. (NYSE:FAF)

Natixis Advisors LLC increased its stake in shares of First American Financial Co. (NYSE:FAF) by 6.5% during the 3rd quarter, Holdings Channel reports. The fund owned 364,736 shares of the insurance provider’s stock after acquiring an additional 22,228 shares during the period. Natixis Advisors LLC’s holdings in First American Financial were worth $24,077,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of FAF. Venturi Wealth Management LLC boosted its position in shares of First American Financial by 132.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 356 shares in the last quarter. Mather Group LLC. increased its stake in First American Financial by 99.1% during the 2nd quarter. Mather Group LLC. now owns 671 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 334 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of First American Financial by 56.9% in the second quarter. GAMMA Investing LLC now owns 709 shares of the insurance provider’s stock valued at $38,000 after buying an additional 257 shares in the last quarter. Abich Financial Wealth Management LLC lifted its stake in shares of First American Financial by 56.5% in the first quarter. Abich Financial Wealth Management LLC now owns 798 shares of the insurance provider’s stock valued at $49,000 after buying an additional 288 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of First American Financial by 340.8% during the second quarter. Quarry LP now owns 864 shares of the insurance provider’s stock valued at $47,000 after buying an additional 668 shares during the last quarter. 89.05% of the stock is currently owned by institutional investors and hedge funds.

First American Financial Stock Performance

NYSE FAF opened at $65.39 on Tuesday. The company has a market capitalization of $6.74 billion, a PE ratio of 73.47 and a beta of 1.29. First American Financial Co. has a 52-week low of $51.60 and a 52-week high of $67.88. The company has a 50-day simple moving average of $64.79 and a 200 day simple moving average of $59.95.

First American Financial (NYSE:FAF) last posted its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.19. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the firm posted $1.22 EPS. First American Financial’s revenue was down 5.1% on a year-over-year basis. As a group, analysts forecast that First American Financial Co. will post 4.04 EPS for the current fiscal year.

First American Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.16 dividend on an annualized basis and a yield of 3.30%. First American Financial’s dividend payout ratio is presently 242.70%.

Analysts Set New Price Targets

Several analysts have recently commented on FAF shares. Keefe, Bruyette & Woods increased their price objective on First American Financial from $66.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 4th. Stephens upped their price objective on shares of First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Truist Financial lifted their target price on shares of First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Barclays upped their target price on First American Financial from $70.00 to $72.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, First American Financial has a consensus rating of “Moderate Buy” and an average target price of $72.50.

About First American Financial

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Home Warranty segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services internationally.