Venturi Wealth Management LLC Purchases 356 Shares of First American Financial Co. (NYSE:FAF)

Venturi Wealth Management LLC raised its position in First American Financial Co. (NYSE:FAF) by 132.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 625 shares of the insurance provider’s stock after acquiring an additional 356 shares during the period. Venturi Wealth Management LLC’s holdings in First American Financial were worth $41,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Primoris Wealth Advisors LLC acquired a new position in First American Financial during the third quarter worth $1,584,000. Capital Performance Advisors LLP acquired a new position in shares of First American Financial during the 3rd quarter worth about $87,000. 1834 Investment Advisors Co. grew its holdings in shares of First American Financial by 1.5% in the 3rd quarter. 1834 Investment Advisors Co. now owns 29,604 shares of the insurance provider’s stock valued at $1,954,000 after acquiring an additional 425 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of First American Financial by 7.0% in the third quarter. QRG Capital Management Inc. now owns 33,864 shares of the insurance provider’s stock valued at $2,235,000 after acquiring an additional 2,226 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in First American Financial by 94.5% during the third quarter. Harbor Capital Advisors Inc. now owns 82,156 shares of the insurance provider’s stock worth $5,423,000 after acquiring an additional 39,924 shares in the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FAF shares. Keefe, Bruyette & Woods boosted their price target 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. Barclays upped 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. Truist Financial lifted their price objective on shares of First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Stephens upped their target price on shares of First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a report on Friday, October 25th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, First American Financial currently has an average rating of “Moderate Buy” and an average price target of $72.50.

First American Financial Price Performance

Shares of First American Financial stock opened at $64.97 on Friday. The business has a fifty day simple moving average of $64.79 and a two-hundred day simple moving average of $59.86. First American Financial Co. has a 1 year low of $51.60 and a 1 year high of $67.88. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 73.00 and a beta of 1.29.

First American Financial (NYSE:FAF) last posted its earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.66 billion. During the same quarter last year, the company posted $1.22 EPS. First American Financial’s quarterly revenue was down 5.1% compared to the same quarter last year. As a group, equities analysts anticipate that First American Financial Co. will post 3.99 earnings per share for the current fiscal year.

First American Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Monday, December 9th. First American Financial’s 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.