Burney Co. Sells 236 Shares of First American Financial Co. (NYSE:FAF)

Burney Co. lessened its stake in shares of First American Financial Co. (NYSE:FAF) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 88,029 shares of the insurance provider’s stock after selling 236 shares during the quarter. Burney Co. owned about 0.09% of First American Financial worth $5,497,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in FAF. Bar Harbor Wealth Management lifted its holdings in First American Financial by 43.6% in the 4th quarter. Bar Harbor Wealth Management now owns 96,627 shares of the insurance provider’s stock worth $6,033,000 after purchasing an additional 29,324 shares during the last quarter. Barclays PLC raised its position in shares of First American Financial by 15.2% in the third quarter. Barclays PLC now owns 60,821 shares of the insurance provider’s stock valued at $4,016,000 after purchasing an additional 8,047 shares during the period. Geode Capital Management LLC lifted its stake in shares of First American Financial by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,700,903 shares of the insurance provider’s stock worth $112,306,000 after buying an additional 12,668 shares during the last quarter. JPMorgan Chase & Co. grew its stake in First American Financial by 5.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 214,820 shares of the insurance provider’s stock valued at $14,180,000 after buying an additional 10,489 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in First American Financial by 5.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 149,530 shares of the insurance provider’s stock worth $8,067,000 after buying an additional 7,885 shares during the period. Institutional investors own 89.05% of the company’s stock.

First American Financial Stock Performance

NYSE:FAF opened at $60.66 on Wednesday. The company has a 50-day moving average of $64.63 and a 200-day 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 company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 68.16 and a beta of 1.33.

First American Financial (NYSE:FAF) last announced 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. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.66 billion. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.22 earnings per share. Sell-side analysts forecast that First American Financial Co. will post 4.07 EPS for the current year.

First American Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.56%. The ex-dividend date was Monday, December 9th. First American Financial’s dividend payout ratio is 242.70%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on FAF shares. Keefe, Bruyette & Woods reduced their price target on shares of First American Financial from $80.00 to $74.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. Stephens increased their target price 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 boosted their price target on 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 raised their price objective on 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 assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.