Oak Thistle LLC Makes New Investment in First American Financial Corporation $FAF

by · The Cerbat Gem

Oak Thistle LLC bought a new position in shares of First American Financial Corporation (NYSE:FAF – Free Report) during the 3rd quarter, HoldingsChannel reports. The fund bought 20,219 shares of the insurance provider’s stock, valued at approximately $1,299,000.

A number of other large investors have also made changes to their positions in FAF. Elevation Point Wealth Partners LLC purchased a new position in First American Financial during the second quarter worth approximately $35,000. Atlantic Union Bankshares Corp acquired a new stake in shares of First American Financial in the 2nd quarter worth $36,000. Ameritas Advisory Services LLC purchased a new position in shares of First American Financial during the 2nd quarter worth $48,000. EverSource Wealth Advisors LLC raised its holdings in shares of First American Financial by 189.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 912 shares of the insurance provider’s stock worth $56,000 after acquiring an additional 597 shares during the period. Finally, Ransom Advisory Ltd acquired a new position in shares of First American Financial during the 1st quarter valued at about $66,000. 89.05% of the stock is currently owned by hedge funds and other institutional investors.

First American Financial Trading Down 0.2%

FAF opened at $63.76 on Thursday. The stock’s 50-day moving average price is $62.93 and its 200 day moving average price is $62.33. First American Financial Corporation has a 12-month low of $53.09 and a 12-month high of $68.64. The firm has a market cap of $6.50 billion, a price-to-earnings ratio of 13.71 and a beta of 1.27.

First American Financial (NYSE:FAF – Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The insurance provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.28. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.87 billion. First American Financial had a net margin of 6.80% and a return on equity of 11.01%. The business’s revenue for the quarter was up 40.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.34 earnings per share. On average, research analysts forecast that First American Financial Corporation will post 5.35 earnings per share for the current year.

First American Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 8th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, December 8th. First American Financial’s dividend payout ratio is presently 47.31%.

Wall Street Analyst Weigh In

FAF has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of First American Financial from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Stephens initiated coverage on First American Financial in a research report on Friday, November 14th. They issued an “equal weight” rating for the company. Truist Financial upped their target price on shares of First American Financial from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Barclays increased their target price on shares of First American Financial from $70.00 to $71.00 and gave the stock a “cautious” rating in a research note on Monday, October 6th. Finally, Wall Street Zen raised shares of First American Financial from a “hold” rating to a “buy” rating in a research note on Sunday. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, First American Financial currently has an average rating of “Hold” and an average price target of $76.00.

Check Out Our Latest Stock Analysis on First American Financial

First American Financial Company Profile

(Free Report)

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.

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