Augustine Asset Management Inc. Sells 401 Shares of First American Financial Co. (NYSE:FAF)

Augustine Asset Management Inc. lessened its stake in shares of First American Financial Co. (NYSE:FAF) by 9.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,964 shares of the insurance provider’s stock after selling 401 shares during the quarter. Augustine Asset Management Inc.’s holdings in First American Financial were worth $248,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. grew its position in First American Financial by 19.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,495,766 shares of the insurance provider’s stock worth $164,746,000 after acquiring an additional 405,146 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of First American Financial by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,700,903 shares of the insurance provider’s stock valued at $112,306,000 after purchasing an additional 12,668 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of First American Financial by 2.5% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,530,977 shares of the insurance provider’s stock valued at $95,594,000 after purchasing an additional 37,866 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of First American Financial during the third quarter worth about $95,638,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of First American Financial by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,118,145 shares of the insurance provider’s stock valued at $73,809,000 after buying an additional 8,315 shares during the period. 89.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Barclays lifted their target price 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. Keefe, Bruyette & Woods reduced their price objective on shares of First American Financial from $80.00 to $74.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 8th. Truist Financial increased their price objective on First American Financial from $68.00 to $73.00 and gave the company a “buy” 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 report on Friday, October 25th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

First American Financial Stock Up 0.3 %

FAF opened at $63.54 on Wednesday. First American Financial Co. has a twelve month low of $51.60 and a twelve month high of $70.92. The company has a fifty day moving average of $63.08 and a 200-day moving average of $63.91. The stock has a market cap of $6.54 billion, a PE ratio of 71.39 and a beta of 1.33.

First American Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 yield of 3.40%. First American Financial’s payout ratio is currently 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.