Fisher Asset Management LLC Has $36.40 Million Stock Holdings in First American Financial Co. (NYSE:FAF)

Fisher Asset Management LLC trimmed its position in First American Financial Co. (NYSE:FAF) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 551,489 shares of the insurance provider’s stock after selling 2,948 shares during the quarter. Fisher Asset Management LLC owned approximately 0.54% of First American Financial worth $36,404,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FAF. Price T Rowe Associates Inc. MD raised its stake in shares of First American Financial by 0.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 244,302 shares of the insurance provider’s stock worth $14,915,000 after buying an additional 1,302 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of First American Financial in the 1st quarter valued at $812,000. Comerica Bank boosted its position in shares of First American Financial by 3.9% in the 1st quarter. Comerica Bank now owns 51,634 shares of the insurance provider’s stock worth $3,152,000 after purchasing an additional 1,938 shares during the last quarter. Burney Co. grew its stake in shares of First American Financial by 3.1% during the first quarter. Burney Co. now owns 91,197 shares of the insurance provider’s stock worth $5,568,000 after purchasing an additional 2,753 shares during the period. Finally, Cetera Advisors LLC bought a new stake in First American Financial in the first quarter valued at about $457,000. 89.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FAF shares. Keefe, Bruyette & Woods boosted their target price on First American Financial from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 4th. Barclays boosted 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 report on Friday, October 25th. Stephens upped 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. Finally, Truist Financial lifted their price target 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. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, First American Financial currently has an average rating of “Moderate Buy” and an average price target of $72.50.

First American Financial Stock Performance

Shares of FAF opened at $69.35 on Wednesday. The firm’s 50 day moving average price is $64.97 and its two-hundred day moving average price is $60.47. First American Financial Co. has a twelve month low of $51.60 and a twelve month high of $70.92. The firm has a market cap of $7.14 billion, a P/E ratio of 77.92 and a beta of 1.29.

First American Financial (NYSE:FAF) last announced its 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. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business earned $1.22 EPS. On average, sell-side analysts anticipate that First American Financial Co. will post 4.04 earnings per share for the current fiscal year.

First American Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.11%. The ex-dividend date is Monday, December 9th. First American Financial’s payout ratio is 242.70%.

First American Financial Company 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.