First American Financial Co. (NYSE:FAF) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in shares of First American Financial Co. (NYSE:FAF) by 5.1% during the third quarter, Holdings Channel reports. The firm owned 214,820 shares of the insurance provider’s stock after acquiring an additional 10,489 shares during the quarter. JPMorgan Chase & Co.’s holdings in First American Financial were worth $14,180,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Venturi Wealth Management LLC raised its stake in First American Financial by 132.3% during the third quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 356 shares during the period. Quarry LP grew its holdings in shares of 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 purchasing an additional 668 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in First American Financial in the second quarter worth $47,000. Blue Trust Inc. increased its holdings in shares of First American Financial by 214.2% in the 3rd quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider’s stock worth $67,000 after acquiring an additional 696 shares during the period. Finally, Sunbelt Securities Inc. acquired a new stake in shares of First American Financial in the third quarter valued at approximately $75,000. 89.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Barclays raised their target price on 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. Keefe, Bruyette & Woods cut their price objective on shares of First American Financial from $80.00 to $74.00 and set a “market perform” rating on the stock in a research note on Wednesday. Truist Financial upped their price objective on shares of First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Stephens raised their target price on shares of First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $73.00.

First American Financial Stock Performance

FAF opened at $57.88 on Friday. The stock’s fifty day moving average is $64.79 and its 200-day moving average is $62.78. First American Financial Co. has a one year low of $51.60 and a one year high of $70.92. The company has a market capitalization of $5.96 billion, a PE ratio of 65.03 and a beta of 1.33.

First American Financial (NYSE:FAF) last announced its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.19. The company had revenue of $1.41 billion during 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%. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.22 EPS. On average, equities research analysts forecast that First American Financial Co. will post 4.07 EPS for the current fiscal year.

First American Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend was 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.