Raymond James Financial Services Advisors Inc. Buys 591 Shares of First American Financial Co. (NYSE:FAF)


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Raymond James Financial Services Advisors Inc. boosted its stake in shares of First American Financial Co. (NYSE:FAF) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,939 shares of the insurance provider’s stock after acquiring an additional 591 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in First American Financial were worth $616,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Colony Group LLC boosted its holdings in shares of First American Financial by 2.2% during the 3rd quarter. Colony Group LLC now owns 9,837 shares of the insurance provider’s stock valued at $501,000 after acquiring an additional 214 shares in the last quarter. Blair William & Co. IL lifted its holdings in First American Financial by 5.6% during the 4th quarter. Blair William & Co. IL now owns 4,930 shares of the insurance provider’s stock worth $255,000 after buying an additional 261 shares during the period. Chapman Investment Management LLC lifted its holdings in First American Financial by 1.1% during the 4th quarter. Chapman Investment Management LLC now owns 27,457 shares of the insurance provider’s stock worth $1,418,000 after buying an additional 302 shares during the period. Vestmark Advisory Solutions Inc. lifted its holdings in First American Financial by 3.5% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 9,870 shares of the insurance provider’s stock worth $510,000 after buying an additional 331 shares during the period. Finally, CI Investments Inc. lifted its holdings in First American Financial by 38.4% during the 4th quarter. CI Investments Inc. now owns 1,452 shares of the insurance provider’s stock worth $75,000 after buying an additional 403 shares during the period. Institutional investors own 83.32% of the company’s stock.

A number of analysts recently commented on the company. Susquehanna boosted their target price on First American Financial from $63.00 to $67.00 and gave the company a “positive” rating in a research report on Friday, February 12th. Barclays boosted their target price on First American Financial from $68.00 to $73.00 and gave the stock an “overweight” rating in a research note on Friday, February 12th. Zacks Investment Research upgraded First American Financial from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Tuesday, January 19th. Finally, Susquehanna Bancshares upped their price objective on First American Financial from $63.00 to $67.00 and gave the company a “positive” rating in a research note on Friday, February 12th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $60.86.

FAF opened at $58.78 on Thursday. The stock has a market cap of $6.45 billion, a PE ratio of 10.39 and a beta of 1.13. First American Financial Co. has a 52 week low of $39.03 and a 52 week high of $58.89. The business’s fifty day simple moving average is $55.30 and its 200 day simple moving average is $52.43.

First American Financial (NYSE:FAF) last released its earnings results on Wednesday, February 10th. The insurance provider reported $2.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.39. First American Financial had a return on equity of 13.06% and a net margin of 9.61%. The business had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $1.88 billion. As a group, equities research analysts predict that First American Financial Co. will post 5.62 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, March 8th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date was Friday, March 5th. First American Financial’s dividend payout ratio is 31.94%.

First American Financial Profile

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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Institutional Ownership by Quarter for First American Financial (NYSE:FAF)

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