Linden Thomas Advisory Services LLC Acquires 433 Shares of First American Financial Co. (NYSE:FAF)

Linden Thomas Advisory Services LLC lifted its holdings in shares of First American Financial Co. (NYSE:FAF) by 1.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 27,092 shares of the insurance provider’s stock after purchasing an additional 433 shares during the period. Linden Thomas Advisory Services LLC’s holdings in First American Financial were worth $1,692,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in First American Financial by 66.9% during the 4th quarter. UMB Bank n.a. now owns 524 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 210 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in First American Financial by 132.3% during the third quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 356 shares in the last quarter. Quarry LP lifted its holdings in 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 purchasing an additional 668 shares in the last quarter. Blue Trust Inc. lifted its holdings in First American Financial by 214.2% during 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 in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in First American Financial by 34.9% during the fourth quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider’s stock valued at $67,000 after purchasing an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 89.05% of the company’s stock.

First American Financial Price Performance

FAF stock opened at $61.82 on Friday. First American Financial Co. has a 12 month low of $51.60 and a 12 month high of $70.92. The firm’s 50-day moving average is $64.29 and its 200 day moving average is $63.34. The company has a market capitalization of $6.37 billion, a PE ratio of 69.46 and a beta of 1.33.

First American Financial (NYSE:FAF) last announced its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.34 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the firm posted $1.22 EPS. First American Financial’s revenue was down 5.1% on a year-over-year basis. Sell-side analysts forecast that First American Financial Co. will post 4.07 EPS for the current fiscal year.

First American Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.16 dividend on an annualized basis and a yield of 3.49%. First American Financial’s dividend payout ratio is currently 242.70%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. 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 report on Friday, October 25th. Truist Financial boosted 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. Barclays boosted their price target on shares of First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, 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 on the stock in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average 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.