First American Financial Co. (NYSE:FAF) Holdings Boosted by Reinhart Partners LLC.

Reinhart Partners LLC. boosted its position in shares of First American Financial Co. (NYSE:FAF) by 2.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,042,158 shares of the insurance provider’s stock after purchasing an additional 28,755 shares during the period. First American Financial accounts for 2.5% of Reinhart Partners LLC.’s investment portfolio, making the stock its 15th biggest holding. Reinhart Partners LLC. owned 1.01% of First American Financial worth $65,072,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FAF. Venturi Wealth Management LLC boosted its stake 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 valued at $41,000 after buying an additional 356 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of First American Financial during the 2nd quarter valued at $47,000. Quarry LP boosted its stake in shares of First American Financial by 340.8% during the 2nd 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 period. Blue Trust Inc. boosted its stake in shares of First American Financial by 214.2% during the 3rd quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider’s stock valued at $67,000 after buying an additional 696 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of First American Financial by 34.9% during the 4th quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider’s stock valued at $67,000 after buying an additional 277 shares during the period. 89.05% of the stock is currently owned by hedge funds and other institutional investors.

First American Financial Trading Up 0.1 %

Shares of FAF traded up $0.08 during mid-day trading on Monday, hitting $57.78. 227,233 shares of the company traded hands, compared to its average volume of 483,492. First American Financial Co. has a one year low of $51.60 and a one year high of $70.92. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 64.92 and a beta of 1.33. The business has a 50-day moving average of $64.79 and a 200 day moving average of $62.85.

First American Financial (NYSE:FAF) last announced its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share 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 period last year, the firm posted $1.22 earnings per share. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, analysts anticipate that First American Financial Co. will post 4.07 earnings per share for the current year.

First American Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend was Monday, December 9th. First American Financial’s dividend payout ratio (DPR) is presently 242.70%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FAF. Keefe, Bruyette & Woods decreased their target price on shares of First American Financial from $80.00 to $74.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Stephens lifted their price objective on shares of First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Barclays lifted their price objective on shares of First American Financial from $70.00 to $72.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, Truist Financial boosted 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. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, First American Financial has a consensus rating of “Moderate Buy” and an average target price of $73.00.

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.