Teachers Retirement System of The State of Kentucky Sells 910 Shares of First American Financial Co. (NYSE:FAF)

Teachers Retirement System of The State of Kentucky lowered its holdings in shares of First American Financial Co. (NYSE:FAF) by 2.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,895 shares of the insurance provider’s stock after selling 910 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in First American Financial were worth $2,171,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FAF. Venturi Wealth Management LLC raised its position 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 purchasing an additional 356 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in First American Financial during the 2nd quarter valued at about $47,000. Quarry LP raised its holdings in First American Financial by 340.8% in the second quarter. Quarry LP now owns 864 shares of the insurance provider’s stock worth $47,000 after buying an additional 668 shares during the last quarter. Blue Trust Inc. raised its holdings in First American Financial by 214.2% in the third quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider’s stock worth $67,000 after buying an additional 696 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new position in shares of First American Financial in the third quarter worth approximately $75,000. Hedge funds and other institutional investors own 89.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Truist Financial raised their price target on shares of First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Barclays lifted 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. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $80.00 price target on shares of First American Financial in a report on Tuesday, December 10th. Finally, Stephens lifted their price objective on First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $74.50.

First American Financial Trading Up 0.5 %

Shares of FAF opened at $65.97 on Tuesday. The firm has a fifty day simple moving average of $65.81 and a two-hundred day simple moving average of $61.76. The firm has a market cap of $6.80 billion, a PE ratio of 74.12 and a beta of 1.30. First American Financial Co. has a 1-year low of $51.60 and a 1-year high of $70.92.

First American Financial (NYSE:FAF) last announced its earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share (EPS) 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 business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the firm posted $1.22 earnings per share. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. As a group, research analysts forecast that First American Financial Co. will post 4.07 EPS for the current fiscal year.

First American Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $2.16 dividend on an annualized basis and a yield of 3.27%. First American Financial’s dividend payout ratio is currently 242.70%.

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.