Natixis Advisors LLC Has $24.08 Million Position in First American Financial Co. (NYSE:FAF)

Natixis Advisors LLC boosted its stake in shares of First American Financial Co. (NYSE:FAF) by 6.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 364,736 shares of the insurance provider’s stock after purchasing an additional 22,228 shares during the period. Natixis Advisors LLC owned about 0.35% of First American Financial worth $24,077,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its stake in shares of First American Financial by 16.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,647,709 shares of the insurance provider’s stock worth $196,793,000 after buying an additional 515,710 shares during the last quarter. Boston Partners increased its stake in First American Financial by 13.3% in the first quarter. Boston Partners now owns 4,074,181 shares of the insurance provider’s stock valued at $248,237,000 after acquiring an additional 479,618 shares during the period. Vanguard Group Inc. increased its position in shares of First American Financial by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 10,567,038 shares of the insurance provider’s stock worth $645,118,000 after purchasing an additional 431,089 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of First American Financial by 19.4% during the third quarter. Victory Capital Management Inc. now owns 2,495,766 shares of the insurance provider’s stock worth $164,746,000 after buying an additional 405,146 shares in the last quarter. Finally, Reinhart Partners LLC. increased its holdings in First American Financial by 65.8% during the 2nd quarter. Reinhart Partners LLC. now owns 943,755 shares of the insurance provider’s stock valued at $50,916,000 after purchasing an additional 374,662 shares in the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FAF. Stephens raised their target price on shares of First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. 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 report on Friday, October 25th. Truist Financial upped their price objective on First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Keefe, Bruyette & Woods increased their price target on shares of First American Financial from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, September 4th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, First American Financial has a consensus rating of “Moderate Buy” and a consensus price target of $72.50.

First American Financial Stock Performance

Shares of FAF stock opened at $65.39 on Tuesday. The company has a market capitalization of $6.74 billion, a price-to-earnings ratio of 73.47 and a beta of 1.29. The company has a 50-day simple moving average of $64.79 and a 200 day simple moving average of $59.95. First American Financial Co. has a 52 week low of $51.60 and a 52 week high of $67.88.

First American Financial (NYSE:FAF) last issued its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.66 billion. During the same quarter in the prior year, the business posted $1.22 earnings per share. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. Sell-side analysts forecast that First American Financial Co. will post 4.04 EPS for the current year.

First American Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Monday, December 9th. First American Financial’s payout ratio is 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.