Qsemble Capital Management LP Has $231,000 Stake in First American Financial Co. (NYSE:FAF)

Qsemble Capital Management LP trimmed its stake in shares of First American Financial Co. (NYSE:FAF) by 74.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,494 shares of the insurance provider’s stock after selling 10,207 shares during the period. Qsemble Capital Management LP’s holdings in First American Financial were worth $231,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its holdings in First American Financial by 0.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 244,302 shares of the insurance provider’s stock valued at $14,915,000 after buying an additional 1,302 shares during the period. Tidal Investments LLC acquired a new position in First American Financial in the first quarter valued at approximately $812,000. Comerica Bank lifted its holdings in First American Financial by 3.9% in the first quarter. Comerica Bank now owns 51,634 shares of the insurance provider’s stock valued at $3,152,000 after buying an additional 1,938 shares during the period. Burney Co. lifted its holdings in First American Financial by 3.1% in the first quarter. Burney Co. now owns 91,197 shares of the insurance provider’s stock valued at $5,568,000 after buying an additional 2,753 shares during the period. Finally, Cetera Advisors LLC acquired a new position in First American Financial in the first quarter valued at approximately $457,000. 89.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on FAF. Truist Financial increased their price objective on shares of First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods increased their target price on shares of First American Financial from $66.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, September 4th. Stephens increased their target price on shares of First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, Barclays increased 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 report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $72.50.

First American Financial Stock Up 2.0 %

Shares of FAF stock opened at $70.63 on Thursday. The firm has a fifty day moving average of $65.03 and a 200-day moving average of $60.56. First American Financial Co. has a 12-month low of $51.60 and a 12-month high of $70.92. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 77.92 and a beta of 1.29.

First American Financial (NYSE:FAF) last issued its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the firm earned $1.22 earnings per share. The firm’s revenue was down 5.1% compared to the same quarter last year. On average, equities analysts expect that First American Financial Co. will post 4.07 EPS for the current year.

First American Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Monday, December 9th. First American Financial’s dividend payout ratio is 242.70%.

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.