First National Bank of Omaha Purchases Shares of 45,019 First American Financial Corporation $FAF

First National Bank of Omaha purchased a new position in shares of First American Financial Corporation (NYSE:FAF) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 45,019 shares of the insurance provider’s stock, valued at approximately $2,892,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Allianz Asset Management GmbH lifted its stake in shares of First American Financial by 10.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 210,739 shares of the insurance provider’s stock valued at $13,538,000 after purchasing an additional 20,188 shares in the last quarter. Thrivent Financial for Lutherans increased its position in First American Financial by 129.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 64,774 shares of the insurance provider’s stock worth $3,976,000 after purchasing an additional 36,485 shares in the last quarter. AXQ Capital LP raised its holdings in First American Financial by 29.4% in the second quarter. AXQ Capital LP now owns 10,880 shares of the insurance provider’s stock valued at $668,000 after buying an additional 2,470 shares during the period. Pacer Advisors Inc. acquired a new position in First American Financial during the third quarter valued at approximately $1,215,000. Finally, Reinhart Partners LLC. lifted its position in First American Financial by 31.3% during the third quarter. Reinhart Partners LLC. now owns 1,598,007 shares of the insurance provider’s stock valued at $102,657,000 after buying an additional 380,744 shares in the last quarter. Hedge funds and other institutional investors own 89.05% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FAF shares. Barclays increased their price objective on shares of First American Financial from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Keefe, Bruyette & Woods increased their price target on First American Financial from $79.00 to $81.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Stephens assumed coverage on First American Financial in a research report on Friday, November 14th. They issued an “equal weight” rating on the stock. Wall Street Zen raised First American Financial from a “hold” rating to a “buy” rating in a research report on Sunday, December 14th. Finally, Truist Financial increased their target price on First American Financial from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $77.67.

Trending Headlines about First American Financial

Here are the key news stories impacting First American Financial this week:

• Positive Sentiment: Director insider purchases — Parker S. Kennedy bought a sizable stake this week (multiple purchases totaling roughly 59,841 shares, ~ $4M at ~ $67/share), increasing his ownership and signaling management confidence. First American Financial director buys $4m in FAF stock SEC Filing: Insider Ownership
• Positive Sentiment: Analyst upgrade/price-target raise — Truist raised its price target to $82 and reiterated a Buy rating, implying meaningful upside vs. recent levels; analyst backing can attract buying from institutional investors. FAF price target raised by Truist
• Positive Sentiment: Positive thematic coverage — recent Zacks and MSN pieces profile FAF as a long-term value play (pointing to attractive valuation, solid recent earnings and margin/revenue improvements), which can support longer-horizon demand. Why First American Financial (FAF) is a Top Value Stock for the Long-Term — Zacks Why First American Financial (FAF) is a top value stock for the long term — MSN
• Neutral Sentiment: Near-term price action — despite fundamentally positive items above, shares are trading down intraday; that divergence suggests short-term flows (profit-taking, broader market weakness or sector rotation) are outweighing headline-driven buying today.

First American Financial Price Performance

Shares of First American Financial stock opened at $66.16 on Thursday. First American Financial Corporation has a 1-year low of $53.09 and a 1-year high of $68.75. The company has a market capitalization of $6.74 billion, a PE ratio of 11.01, a P/E/G ratio of 0.72 and a beta of 1.27. The business has a 50-day moving average of $63.32 and a 200-day moving average of $63.71.

First American Financial (NYSE:FAF) last issued its quarterly earnings results on Wednesday, February 11th. The insurance provider reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.50. First American Financial had a return on equity of 11.93% and a net margin of 8.34%.The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the business posted $1.35 earnings per share. First American Financial’s revenue for the quarter was up 21.6% on a year-over-year basis. On average, equities analysts expect that First American Financial Corporation will post 5.35 earnings per share for the current fiscal year.

First American Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.3%. First American Financial’s dividend payout ratio (DPR) is presently 36.61%.

Insider Activity

In related news, Director Parker S. Kennedy purchased 44,841 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were purchased at an average cost of $67.85 per share, with a total value of $3,042,461.85. Following the completion of the acquisition, the director directly owned 251,552 shares of the company’s stock, valued at approximately $17,067,803.20. The trade was a 21.69% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.70% of the company’s stock.

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.