21,172 Shares in First American Financial Corporation $FAF Purchased by iSAM Funds UK Ltd

iSAM Funds UK Ltd acquired a new position in First American Financial Corporation (NYSE:FAF) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,172 shares of the insurance provider’s stock, valued at approximately $1,360,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FAF. SJS Investment Consulting Inc. lifted its holdings in shares of First American Financial by 2,887.5% during the third quarter. SJS Investment Consulting Inc. now owns 478 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 462 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of First American Financial in the 2nd quarter worth approximately $35,000. First Horizon Corp purchased a new stake in shares of First American Financial in the 3rd quarter worth approximately $37,000. Tripletail Wealth Management LLC bought a new position in First American Financial during the 3rd quarter valued at approximately $41,000. Finally, Clearstead Advisors LLC increased its position in First American Financial by 33.0% during the 3rd quarter. Clearstead Advisors LLC now owns 859 shares of the insurance provider’s stock valued at $55,000 after buying an additional 213 shares in the last quarter. Institutional investors own 89.05% of the company’s stock.

First American Financial Price Performance

FAF stock opened at $65.70 on Friday. First American Financial Corporation has a 1 year low of $53.09 and a 1 year high of $71.47. The company has a market cap of $6.69 billion, a P/E ratio of 10.93, a price-to-earnings-growth ratio of 0.66 and a beta of 1.25. The stock’s fifty day moving average price is $64.93 and its 200-day moving average price is $64.08.

First American Financial (NYSE:FAF) last posted its quarterly earnings data on Wednesday, February 11th. The insurance provider reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.50. The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.80 billion. First American Financial had a return on equity of 11.92% and a net margin of 8.34%.First American Financial’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.35 earnings per share. As a group, analysts expect that First American Financial Corporation will post 5.35 earnings per share for the current year.

First American Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, March 9th. First American Financial’s dividend payout ratio is 36.61%.

Insider Buying and Selling at First American Financial

In other First American Financial news, Director Parker S. Kennedy acquired 44,841 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were bought at an average price of $67.85 per share, with a total value of $3,042,461.85. Following the completion of the acquisition, the director owned 251,552 shares in the company, valued at $17,067,803.20. This represents a 21.69% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Wall Street Zen raised First American Financial from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Barclays raised their price target on First American Financial from $68.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of First American Financial in a research report on Friday, December 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of First American Financial in a research report on Friday, February 13th. Finally, Stephens upgraded shares of First American Financial from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $70.00 to $81.00 in a research note on Monday, March 2nd. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.50.

First American Financial Profile

First American Financial Corporation is a leading provider of title insurance, settlement services and diversified real estate-related data and analytics. Headquartered in Santa Ana, California, the company serves customers throughout the United States as well as in Canada, Europe, Latin America and Asia. Its business is built on the underwriting capabilities of its title insurance operations combined with comprehensive closing and escrow services for homebuyers, sellers, mortgage lenders and real estate professionals.

The company’s title insurance segment issues policies that protect property owners and mortgage lenders against defects in titles, liens or encumbrances that can arise during real property transactions.