Oak Thistle LLC Invests $1.48 Million in First American Financial Co. (NYSE:FAF)

Oak Thistle LLC purchased a new position in shares of First American Financial Co. (NYSE:FAF) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 23,646 shares of the insurance provider’s stock, valued at approximately $1,476,000.

A number of other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC increased its position in shares of First American Financial by 132.3% during the third quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 356 shares during the last quarter. Quarry LP boosted 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 acquiring an additional 668 shares during the period. Blue Trust Inc. increased its stake in shares of First American Financial by 214.2% in the third quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider’s stock valued at $67,000 after purchasing an additional 696 shares during the period. GAMMA Investing LLC grew its stake in shares of First American Financial by 34.9% in the fourth quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider’s stock worth $67,000 after purchasing an additional 277 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of First American Financial during the 3rd quarter worth about $75,000. Hedge funds and other institutional investors own 89.05% of the company’s stock.

First American Financial Stock Performance

NYSE FAF opened at $59.51 on Wednesday. The business has a 50 day simple moving average of $64.63 and a 200 day simple moving average of $62.93. First American Financial Co. has a 52-week low of $51.60 and a 52-week high of $70.92. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 66.87 and a beta of 1.33.

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 return on equity of 7.95% and a net margin of 1.58%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter last year, the company posted $1.22 earnings per share. First American Financial’s quarterly revenue was down 5.1% on a year-over-year basis. On average, analysts predict that First American Financial Co. will post 4.07 EPS for the current year.

First American Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $2.16 annualized dividend and a yield of 3.63%. First American Financial’s dividend payout ratio is currently 242.70%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FAF shares. Keefe, Bruyette & Woods decreased their price target on shares of First American Financial from $80.00 to $74.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. 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. Barclays upped their price target on shares of First American Financial from $70.00 to $72.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, Stephens lifted their target price on First American Financial from $66.00 to $73.00 and gave the stock an “overweight” 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 company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $73.00.

First American Financial Profile

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.