Boston Partners Sells 216,863 Shares of First American Financial Corporation $FAF

Boston Partners trimmed its holdings in shares of First American Financial Corporation (NYSE:FAF) by 3.5% during the 4th quarter, Holdings Channel reports. The fund owned 5,916,731 shares of the insurance provider’s stock after selling 216,863 shares during the period. Boston Partners owned about 0.06% of First American Financial worth $363,206,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FAF. V Square Quantitative Management LLC bought a new position in First American Financial during the 4th quarter worth about $27,000. Global Retirement Partners LLC grew its holdings in First American Financial by 1,107.5% during the 4th quarter. Global Retirement Partners LLC now owns 483 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 443 shares in the last quarter. Danske Bank A S bought a new position in First American Financial during the 3rd quarter worth about $45,000. IFP Advisors Inc grew its holdings in First American Financial by 568.8% during the 4th quarter. IFP Advisors Inc now owns 749 shares of the insurance provider’s stock worth $46,000 after acquiring an additional 637 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in First American Financial during the 3rd quarter worth about $52,000. 89.05% of the stock is currently owned by institutional investors.

Insider Activity at First American Financial

In related news, SVP Lisa W. Cornehl sold 5,823 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $68.63, for a total value of $399,632.49. Following the completion of the transaction, the senior vice president directly owned 29,635 shares of the company’s stock, valued at $2,033,850.05. This trade represents a 16.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Margaret M. Mccarthy sold 6,630 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $70.59, for a total transaction of $468,011.70. Following the completion of the transaction, the director directly owned 24,024 shares of the company’s stock, valued at $1,695,854.16. The trade was a 21.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.50% of the company’s stock.

First American Financial Stock Up 1.3%

Shares of First American Financial stock opened at $65.69 on Friday. The firm has a market capitalization of $6.69 billion, a P/E ratio of 10.09, a PEG ratio of 0.62 and a beta of 1.24. The company has a 50 day moving average price of $66.35 and a 200 day moving average price of $64.70. First American Financial Corporation has a 52 week low of $53.09 and a 52 week high of $71.47.

First American Financial (NYSE:FAF) last announced its quarterly earnings data on Wednesday, April 22nd. The insurance provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.06 by $0.27. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.80 billion. First American Financial had a net margin of 8.73% and a return on equity of 12.58%. First American Financial’s revenue was up 16.2% on a year-over-year basis. During the same period last year, the firm posted $0.84 EPS. As a group, research analysts anticipate that First American Financial Corporation will post 6.81 earnings per share for the current fiscal year.

First American Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 8th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, June 8th. First American Financial’s dividend payout ratio (DPR) is presently 33.79%.

Wall Street Analysts Forecast Growth

FAF has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of First American Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 22nd. Barclays raised their price target on shares of First American Financial from $72.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of First American Financial in a report on Friday, February 13th. Wall Street Zen cut shares of First American Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Truist Financial raised their price target on shares of First American Financial from $82.00 to $85.00 and gave the company a “buy” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. Based on data from MarketBeat, First American Financial has an average rating of “Buy” and a consensus price target of $82.50.

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.