Harbor Capital Advisors Inc. Boosts Stock Position in First American Financial Co. (NYSE:FAF)

Harbor Capital Advisors Inc. raised its holdings in shares of First American Financial Co. (NYSE:FAF) by 5.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,507 shares of the insurance provider’s stock after purchasing an additional 4,351 shares during the quarter. Harbor Capital Advisors Inc. owned 0.08% of First American Financial worth $5,401,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Blossom Wealth Management boosted its holdings in shares of First American Financial by 2.4% in the third quarter. Blossom Wealth Management now owns 7,105 shares of the insurance provider’s stock valued at $469,000 after purchasing an additional 165 shares during the period. Pacer Advisors Inc. increased its holdings in First American Financial by 1.2% during the 2nd quarter. Pacer Advisors Inc. now owns 15,560 shares of the insurance provider’s stock worth $839,000 after purchasing an additional 187 shares during the period. GAMMA Investing LLC raised its position in First American Financial by 34.9% during the 4th quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider’s stock valued at $67,000 after purchasing an additional 277 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of First American Financial by 132.3% in the 3rd 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. Finally, KBC Group NV grew its position in shares of First American Financial by 14.8% during the 3rd quarter. KBC Group NV now owns 3,095 shares of the insurance provider’s stock worth $204,000 after buying an additional 399 shares in the last quarter. Institutional investors own 89.05% of the company’s stock.

First American Financial Stock Performance

NYSE:FAF opened at $57.88 on Friday. The company’s 50-day simple moving average is $64.88 and its 200-day simple moving average is $62.70. First American Financial Co. has a fifty-two week low of $51.60 and a fifty-two week high of $70.92. The stock has a market capitalization of $5.96 billion, a P/E ratio of 65.03 and a beta of 1.33.

First American Financial (NYSE:FAF) last announced its earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share for the quarter, beating the consensus estimate 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 net margin of 1.58% and a return on equity of 7.95%. First American Financial’s revenue was down 5.1% compared to the same quarter last year. During the same period last year, the firm earned $1.22 earnings per share. On average, research analysts forecast that First American Financial Co. will post 4.07 EPS for the current year.

First American Financial Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend was Monday, December 9th. First American Financial’s dividend payout ratio is currently 242.70%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FAF. Keefe, Bruyette & Woods decreased their price objective on First American Financial from $80.00 to $74.00 and set a “market perform” rating for the company in a report on Wednesday. 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 report on Friday, October 25th. Truist Financial increased their price objective on shares of First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Barclays boosted their price objective on shares of First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, First American Financial currently has an average rating of “Moderate Buy” and an average target price of $73.00.

First American Financial Company 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.