First American Financial Co. (NYSE:FAF) Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lifted its stake in shares of First American Financial Co. (NYSE:FAF) by 5.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 260,455 shares of the insurance provider’s stock after acquiring an additional 12,440 shares during the quarter. Loomis Sayles & Co. L P’s holdings in First American Financial were worth $17,192,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FAF. Venturi Wealth Management LLC raised its stake in shares of First American Financial by 132.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider’s stock worth $41,000 after buying an additional 356 shares in the last quarter. Mather Group LLC. boosted its stake in First American Financial by 99.1% during the second quarter. Mather Group LLC. now owns 671 shares of the insurance provider’s stock valued at $36,000 after buying an additional 334 shares in the last quarter. GAMMA Investing LLC grew its holdings in First American Financial by 56.9% during the second quarter. GAMMA Investing LLC now owns 709 shares of the insurance provider’s stock worth $38,000 after acquiring an additional 257 shares during the period. Abich Financial Wealth Management LLC raised its position in First American Financial by 56.5% in the first quarter. Abich Financial Wealth Management LLC now owns 798 shares of the insurance provider’s stock worth $49,000 after acquiring an additional 288 shares in the last quarter. Finally, Quarry LP lifted its holdings in First American Financial by 340.8% in the 2nd quarter. Quarry LP now owns 864 shares of the insurance provider’s stock valued at $47,000 after acquiring an additional 668 shares during the last quarter. 89.05% of the stock is currently owned by institutional investors and hedge funds.

First American Financial Stock Performance

Shares of NYSE:FAF opened at $69.35 on Wednesday. The firm has a 50 day simple moving average of $64.97 and a 200 day simple moving average of $60.47. First American Financial Co. has a 52 week low of $51.60 and a 52 week high of $70.92. The company has a market cap of $7.14 billion, a PE ratio of 77.92 and a beta of 1.29.

First American Financial (NYSE:FAF) last released its earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.19. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the company earned $1.22 earnings per share. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, equities analysts predict that First American Financial Co. will post 4.04 earnings per share for the current year.

First American Financial Announces Dividend

The firm 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 dividend of $0.54 per share. The ex-dividend date is Monday, December 9th. This represents a $2.16 annualized dividend and a yield of 3.11%. First American Financial’s dividend payout ratio (DPR) is presently 242.70%.

Wall Street Analyst Weigh In

FAF has been the topic of a number of research reports. Barclays boosted 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. Truist Financial upped 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 raised their price objective on First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.50.

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.