US Bancorp DE Sells 4,816 Shares of First American Financial Co. (NYSE:FAF)

US Bancorp DE decreased its position in First American Financial Co. (NYSE:FAF) by 51.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,570 shares of the insurance provider’s stock after selling 4,816 shares during the quarter. US Bancorp DE’s holdings in First American Financial were worth $302,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. grew its position 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 during the period. GAMMA Investing LLC grew its position in First American Financial by 56.9% during the second quarter. GAMMA Investing LLC now owns 709 shares of the insurance provider’s stock valued at $38,000 after buying an additional 257 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in First American Financial during the second quarter valued at about $47,000. Quarry LP grew its position in First American Financial by 340.8% during the second quarter. Quarry LP now owns 864 shares of the insurance provider’s stock valued at $47,000 after buying an additional 668 shares during the period. Finally, Abich Financial Wealth Management LLC grew its position in First American Financial by 56.5% during the first quarter. Abich Financial Wealth Management LLC now owns 798 shares of the insurance provider’s stock valued at $49,000 after buying an additional 288 shares during the period. Institutional investors own 89.05% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Stephens increased their price target on shares of First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Truist Financial increased their price target 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. 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 research report on Friday, October 25th. Finally, 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 research report on Wednesday, September 4th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $72.50.

First American Financial Trading Up 0.2 %

Shares of First American Financial stock opened at $64.17 on Thursday. First American Financial Co. has a 12-month low of $51.60 and a 12-month high of $67.88. The company has a market cap of $6.61 billion, a price-to-earnings ratio of 72.10 and a beta of 1.29. The company’s 50-day moving average price is $64.80 and its 200-day moving average price is $59.75.

First American Financial (NYSE:FAF) last announced its quarterly 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 firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the prior year, the firm posted $1.22 earnings per share. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, sell-side analysts predict that First American Financial Co. will post 3.99 earnings per share for the current year.

First American Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Monday, December 9th. First American Financial’s dividend payout ratio is currently 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.