Campbell & CO Investment Adviser LLC Invests $304,000 in First American Financial Corp (FAF) Stock
Campbell & CO Investment Adviser LLC acquired a new position in First American Financial Corp (NYSE:FAF) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,900 shares of the insurance provider’s stock, valued at approximately $304,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Voya Investment Management LLC boosted its holdings in First American Financial by 13.1% in the 2nd quarter. Voya Investment Management LLC now owns 212,811 shares of the insurance provider’s stock worth $11,007,000 after buying an additional 24,579 shares during the period. Bank of New York Mellon Corp lifted its stake in First American Financial by 10.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,538,061 shares of the insurance provider’s stock worth $79,549,000 after purchasing an additional 150,835 shares in the last quarter. Eqis Capital Management Inc. lifted its stake in First American Financial by 6.6% in the 2nd quarter. Eqis Capital Management Inc. now owns 53,134 shares of the insurance provider’s stock worth $2,748,000 after purchasing an additional 3,270 shares in the last quarter. Aperio Group LLC lifted its stake in First American Financial by 6.9% in the 2nd quarter. Aperio Group LLC now owns 163,422 shares of the insurance provider’s stock worth $8,452,000 after purchasing an additional 10,521 shares in the last quarter. Finally, Oakbrook Investments LLC lifted its stake in First American Financial by 33.2% in the 3rd quarter. Oakbrook Investments LLC now owns 13,650 shares of the insurance provider’s stock worth $704,000 after purchasing an additional 3,400 shares in the last quarter. 82.58% of the stock is owned by institutional investors.
First American Financial stock opened at $45.99 on Tuesday. The firm has a market cap of $5.10 billion, a PE ratio of 10.63, a P/E/G ratio of 0.78 and a beta of 0.84. First American Financial Corp has a fifty-two week low of $41.96 and a fifty-two week high of $62.71.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 10th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, December 7th. First American Financial’s dividend payout ratio is currently 61.09%.
Several research firms have issued reports on FAF. Zacks Investment Research cut shares of First American Financial from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 6th. ValuEngine cut shares of First American Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Finally, Piper Jaffray Companies increased their target price on shares of First American Financial from $63.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, July 27th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $57.50.
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About First American Financial
First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Specialty Insurance segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services.
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