Blossom Wealth Management Buys 165 Shares of First American Financial Co. (NYSE:FAF)

Blossom Wealth Management raised its position in shares of First American Financial Co. (NYSE:FAF) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,105 shares of the insurance provider’s stock after buying an additional 165 shares during the quarter. Blossom Wealth Management’s holdings in First American Financial were worth $469,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of FAF. Mather Group LLC. increased 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 valued at $36,000 after purchasing an additional 334 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of First American Financial by 56.9% in the second 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 period. Abich Financial Wealth Management LLC lifted its position in shares of 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 worth $49,000 after purchasing an additional 288 shares during the last quarter. Quarry LP increased its stake in First American Financial by 340.8% in the 2nd quarter. Quarry LP now owns 864 shares of the insurance provider’s stock worth $47,000 after buying an additional 668 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in First American Financial during the 2nd quarter valued at about $47,000. Institutional investors own 89.05% of the company’s stock.

First American Financial Price Performance

Shares of NYSE FAF opened at $64.18 on Wednesday. First American Financial Co. has a 1-year low of $49.55 and a 1-year high of $67.88. The business has a fifty day moving average price of $64.60 and a 200 day moving average price of $58.99. The stock has a market capitalization of $6.66 billion, a P/E ratio of 30.71 and a beta of 1.29.

First American Financial (NYSE:FAF) last released its quarterly earnings results on Wednesday, July 24th. The insurance provider reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.14. First American Financial had a net margin of 3.28% and a return on equity of 7.98%. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the business earned $1.35 EPS. The company’s revenue was down 2.1% compared to the same quarter last year. As a group, equities research analysts anticipate that First American Financial Co. will post 3.89 earnings per share for the current fiscal year.

First American Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 20th were issued a $0.54 dividend. This is a positive change from First American Financial’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a yield of 3.37%. The ex-dividend date was Friday, September 20th. First American Financial’s payout ratio is currently 103.35%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FAF. Keefe, Bruyette & Woods raised 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. Stephens reaffirmed an “overweight” rating and set a $66.00 target price on shares of First American Financial in a research report on Thursday, July 25th. Truist Financial increased their price target on First American Financial from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Barclays upped their price objective on shares of First American Financial from $61.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

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.