Cerity Partners LLC Boosts Holdings in First American Financial Co. (NYSE:FAF)

Cerity Partners LLC raised its stake in First American Financial Co. (NYSE:FAF) by 74.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,609 shares of the insurance provider’s stock after acquiring an additional 15,589 shares during the quarter. Cerity Partners LLC’s holdings in First American Financial were worth $2,417,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Venturi Wealth Management LLC grew its position in shares of First American Financial by 132.3% in the third quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 356 shares in the last quarter. Mather Group LLC. boosted its stake in First American Financial by 99.1% in the 2nd quarter. Mather Group LLC. now owns 671 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 334 shares during the period. GAMMA Investing LLC boosted its stake in First American Financial by 56.9% in the 2nd quarter. GAMMA Investing LLC now owns 709 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 257 shares during the period. Quarry LP grew its holdings in First American Financial by 340.8% during the 2nd quarter. Quarry LP now owns 864 shares of the insurance provider’s stock valued at $47,000 after buying an additional 668 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of First American Financial during the second quarter valued at about $47,000. Hedge funds and other institutional investors own 89.05% of the company’s stock.

Analyst Upgrades and Downgrades

FAF has been the topic of a number of analyst reports. Stephens upped their target price on shares of First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Barclays boosted their price target on shares of First American Financial from $70.00 to $72.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Truist Financial increased their price objective on First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a research report 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 research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $72.50.

First American Financial Stock Down 0.7 %

Shares of NYSE FAF opened at $70.15 on Monday. The company has a market cap of $7.23 billion, a price-to-earnings ratio of 78.82 and a beta of 1.29. The firm’s fifty day moving average is $65.28 and its 200 day moving average is $60.86. First American Financial Co. has a 52 week low of $51.60 and a 52 week high of $70.92.

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, beating analysts’ consensus estimates of $1.15 by $0.19. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.66 billion. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. First American Financial’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.22 EPS. Equities research analysts anticipate that First American Financial Co. will post 4.07 earnings per share for the current year.

First American Financial Announces Dividend

The business also recently declared 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 3.08%. The ex-dividend date is Monday, December 9th. First American Financial’s payout ratio is currently 242.70%.

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.