Tributary Capital Management LLC Has $412,000 Holdings in First American Financial Co. (NYSE:FAF)

Tributary Capital Management LLC reduced its stake in shares of First American Financial Co. (NYSE:FAF) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,600 shares of the insurance provider’s stock after selling 270 shares during the quarter. Tributary Capital Management LLC’s holdings in First American Financial were worth $412,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bar Harbor Wealth Management raised its stake in First American Financial by 43.6% during the 4th quarter. Bar Harbor Wealth Management now owns 96,627 shares of the insurance provider’s stock valued at $6,033,000 after purchasing an additional 29,324 shares during the last quarter. Barclays PLC raised its stake in First American Financial by 15.2% during the 3rd quarter. Barclays PLC now owns 60,821 shares of the insurance provider’s stock valued at $4,016,000 after purchasing an additional 8,047 shares during the last quarter. JPMorgan Chase & Co. raised its stake in First American Financial by 5.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 214,820 shares of the insurance provider’s stock valued at $14,180,000 after purchasing an additional 10,489 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of First American Financial in the 4th quarter valued at $1,476,000. Finally, Geode Capital Management LLC lifted its holdings in shares of First American Financial by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,700,903 shares of the insurance provider’s stock worth $112,306,000 after acquiring an additional 12,668 shares during the period. 89.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Stephens raised their price objective on shares of First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Barclays raised 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 report on Friday, October 25th. Keefe, Bruyette & Woods reduced their price objective on shares of First American Financial from $80.00 to $74.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. Finally, Truist Financial raised their price objective on shares of First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.00.

First American Financial Stock Up 0.8 %

Shares of First American Financial stock opened at $61.82 on Friday. The stock has a market capitalization of $6.37 billion, a P/E ratio of 69.46 and a beta of 1.33. The company has a 50-day simple moving average of $64.29 and a 200 day simple moving average of $63.34. First American Financial Co. has a 12-month low of $51.60 and a 12-month 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 analysts’ consensus estimates of $1.15 by $0.19. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.66 billion. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same quarter last year, the company posted $1.22 EPS. On average, equities analysts anticipate that First American Financial Co. will post 4.07 earnings per share for the current year.

First American Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Monday, March 10th. First American Financial’s dividend payout ratio (DPR) 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.