Ensign Peak Advisors Inc Purchases 29,645 Shares of First American Financial Corporation $FAF

Ensign Peak Advisors Inc increased its holdings in shares of First American Financial Corporation (NYSE:FAF) by 51.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 86,997 shares of the insurance provider’s stock after buying an additional 29,645 shares during the quarter. Ensign Peak Advisors Inc’s holdings in First American Financial were worth $5,341,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Boston Partners increased its holdings in shares of First American Financial by 19.9% in the second quarter. Boston Partners now owns 5,627,096 shares of the insurance provider’s stock worth $345,612,000 after acquiring an additional 934,838 shares in the last quarter. Nuveen LLC acquired a new position in shares of First American Financial in the 1st quarter valued at approximately $20,636,000. Cubist Systematic Strategies LLC acquired a new stake in First American Financial during the 1st quarter worth approximately $15,580,000. AQR Capital Management LLC raised its holdings in First American Financial by 51.2% during the 1st quarter. AQR Capital Management LLC now owns 671,616 shares of the insurance provider’s stock worth $44,058,000 after buying an additional 227,382 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in First American Financial by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 4,150,660 shares of the insurance provider’s stock valued at $272,406,000 after buying an additional 187,144 shares in the last quarter. 89.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FAF shares. Keefe, Bruyette & Woods increased their price objective on shares of First American Financial from $77.00 to $79.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Barclays upped their target price on shares of First American Financial from $70.00 to $71.00 and gave the stock a “cautious” rating in a research note on Monday, October 6th. Weiss Ratings upgraded First American Financial from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Truist Financial boosted their price target on First American Financial from $73.00 to $76.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Finally, Wall Street Zen raised First American Financial from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $76.00.

First American Financial Trading Down 0.3%

Shares of FAF stock opened at $64.40 on Tuesday. The firm’s fifty day moving average price is $62.88 and its two-hundred day moving average price is $61.54. First American Financial Corporation has a 1 year low of $53.09 and a 1 year high of $70.92. The firm has a market capitalization of $6.56 billion, a P/E ratio of 13.85 and a beta of 1.24.

First American Financial (NYSE:FAF) last announced its quarterly earnings data on Thursday, October 23rd. The insurance provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.28. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.87 billion. First American Financial had a return on equity of 11.01% and a net margin of 6.80%.First American Financial’s revenue for the quarter was up 40.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.34 EPS. As a group, equities research analysts forecast that First American Financial Corporation will post 5.35 EPS for the current fiscal year.

First American Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 8th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, December 8th. First American Financial’s dividend payout ratio (DPR) is currently 47.31%.

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.