Savant Capital LLC Acquires 11,879 Shares of First American Financial Co. (NYSE:FAF)

Savant Capital LLC raised its holdings in shares of First American Financial Co. (NYSE:FAF) by 303.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,797 shares of the insurance provider’s stock after purchasing an additional 11,879 shares during the quarter. Savant Capital LLC’s holdings in First American Financial were worth $852,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Verition Fund Management LLC lifted its holdings in First American Financial by 21.3% during the 4th quarter. Verition Fund Management LLC now owns 196,081 shares of the insurance provider’s stock valued at $12,635,000 after buying an additional 34,444 shares in the last quarter. First Eagle Investment Management LLC grew its stake in First American Financial by 7.3% in the first quarter. First Eagle Investment Management LLC now owns 187,285 shares of the insurance provider’s stock worth $11,434,000 after purchasing an additional 12,720 shares in the last quarter. Vanguard Group Inc. increased its holdings in First American Financial by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 10,567,038 shares of the insurance provider’s stock worth $645,118,000 after purchasing an additional 431,089 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in First American Financial by 9.0% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,340,491 shares of the insurance provider’s stock valued at $81,836,000 after purchasing an additional 111,197 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of First American Financial in the 4th quarter worth $1,969,000. 89.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Stephens restated an “overweight” rating and set a $66.00 price target on shares of First American Financial in a research note on Thursday, July 25th. Keefe, Bruyette & Woods raised their target price on shares of First American Financial from $66.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, September 4th. Truist Financial boosted their price target on shares of First American Financial from $65.00 to $68.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Barclays dropped their price objective on shares of First American Financial from $65.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 9th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.75.

First American Financial Stock Performance

FAF stock opened at $64.46 on Thursday. The firm has a 50-day simple moving average of $59.97 and a two-hundred day simple moving average of $57.40. First American Financial Co. has a one year low of $49.55 and a one year high of $66.11. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of 30.84 and a beta of 1.29.

First American Financial (NYSE:FAF) last posted its earnings results on Wednesday, July 24th. The insurance provider reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.14. First American Financial had a net margin of 3.28% and a return on equity of 7.98%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the prior year, the company posted $1.35 earnings per share. First American Financial’s revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, equities analysts predict that First American Financial Co. will post 3.89 earnings per share for the current fiscal year.

First American Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 20th will be given a $0.54 dividend. This is a boost from First American Financial’s previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.35%. First American Financial’s dividend payout ratio (DPR) is presently 101.44%.

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.