ST Germain D J Co. Inc. Buys 3,773 Shares of First American Financial Co. (NYSE:FAF)

ST Germain D J Co. Inc. boosted its stake in First American Financial Co. (NYSE:FAF) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 232,034 shares of the insurance provider’s stock after acquiring an additional 3,773 shares during the quarter. ST Germain D J Co. Inc.’s holdings in First American Financial were worth $14,488,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its position in shares of 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 buying an additional 356 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in First American Financial during the 2nd quarter worth approximately $47,000. Quarry LP grew its stake in shares of First American Financial by 340.8% during the 2nd quarter. Quarry LP now owns 864 shares of the insurance provider’s stock worth $47,000 after acquiring an additional 668 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of First American Financial by 214.2% in the third quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider’s stock valued at $67,000 after purchasing an additional 696 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in First American Financial by 34.9% during the fourth quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider’s stock worth $67,000 after purchasing an additional 277 shares during the last quarter. 89.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FAF has been the topic of several recent research reports. Keefe, Bruyette & Woods lowered their price target 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. Barclays upped their target price on First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Stephens boosted their price target on First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Truist Financial upped their price target on shares of First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on 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

Shares of NYSE FAF traded down $2.47 during trading hours on Friday, reaching $57.55. 289,812 shares of the stock were exchanged, compared to its average volume of 432,424. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 64.66 and a beta of 1.33. The stock’s fifty day simple moving average is $64.88 and its 200 day simple moving average is $62.70. 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 posted its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.19. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter last year, the business earned $1.22 EPS. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. Research analysts predict that First American Financial Co. will post 4.07 EPS for the current fiscal year.

First American Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend was Monday, December 9th. First American Financial’s dividend payout ratio is currently 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.