Cambiar Investors LLC Decreases Holdings in First American Financial Co. (NYSE:FAF)

Cambiar Investors LLC decreased its position in shares of First American Financial Co. (NYSE:FAF) by 7.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,450 shares of the insurance provider’s stock after selling 3,315 shares during the quarter. Cambiar Investors LLC’s holdings in First American Financial were worth $2,401,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FAF. Wellington Management Group LLP purchased a new stake in First American Financial in the 3rd quarter valued at approximately $95,638,000. ArrowMark Colorado Holdings LLC purchased a new stake in First American Financial in the 3rd quarter valued at approximately $43,431,000. Holocene Advisors LP purchased a new stake in First American Financial in the 3rd quarter valued at approximately $36,803,000. Jacobs Levy Equity Management Inc. lifted its stake in First American Financial by 83.1% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 893,216 shares of the insurance provider’s stock valued at $58,961,000 after buying an additional 405,487 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in First American Financial by 19.4% in the 3rd quarter. Victory Capital Management Inc. now owns 2,495,766 shares of the insurance provider’s stock valued at $164,746,000 after buying an additional 405,146 shares in the last quarter. Hedge funds and other institutional investors own 89.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Truist Financial boosted their price target on First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a report on Friday, October 25th. Stephens boosted their price target on First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods cut their price target on 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. Finally, 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 report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $73.00.

First American Financial Stock Down 0.8 %

FAF stock opened at $63.37 on Tuesday. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 71.20 and a beta of 1.33. The business has a fifty day simple moving average of $63.20 and a 200-day simple moving average of $63.88. First American Financial Co. has a 52 week low of $51.60 and a 52 week high of $70.92.

First American Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.54 per share. The ex-dividend date is Monday, March 10th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.41%. 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.