First American Financial Co. (NYSE:FAF) Shares Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. boosted its position in First American Financial Co. (NYSE:FAF) by 83.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 893,216 shares of the insurance provider’s stock after acquiring an additional 405,487 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in First American Financial were worth $58,961,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FAF. Mather Group LLC. lifted its position in shares of First American Financial by 99.1% during 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 last quarter. GAMMA Investing LLC lifted its holdings in First American Financial by 56.9% during the 2nd quarter. GAMMA Investing LLC now owns 709 shares of the insurance provider’s stock worth $38,000 after buying an additional 257 shares during the last quarter. Venturi Wealth Management LLC boosted its position in shares of First American Financial by 132.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 356 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of First American Financial in the 2nd quarter valued at about $47,000. Finally, Quarry LP increased its holdings in shares of First American Financial by 340.8% in the 2nd quarter. Quarry LP now owns 864 shares of the insurance provider’s stock valued at $47,000 after acquiring an additional 668 shares during the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

First American Financial Stock Performance

FAF stock opened at $69.61 on Wednesday. The stock has a market capitalization of $7.17 billion, a PE ratio of 78.21 and a beta of 1.30. The company has a fifty day moving average of $65.49 and a 200-day moving average of $61.04. First American Financial Co. has a one year low of $51.60 and a one year high of $70.92.

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. 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 during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the firm earned $1.22 earnings per share. The firm’s revenue was down 5.1% compared to the same quarter last year. Equities analysts forecast that First American Financial Co. will post 4.07 earnings per share for the current fiscal year.

First American Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Monday, December 9th. First American Financial’s dividend payout ratio (DPR) is currently 242.70%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on FAF shares. Barclays increased 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 note on Friday, October 25th. Keefe, Bruyette & Woods increased 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. Stephens boosted 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. Finally, Truist Financial raised their price objective on First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, First American Financial has an average rating of “Moderate Buy” and an average target price of $72.50.

About First American Financial

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.