First American Financial Corporation (FAF) to Issue Quarterly Dividend of $0.61 on December 15th

First American Financial Corporation (NYSE:FAF) declared a quarterly dividend on Tuesday, November 3rd. Investors of record on Tuesday, December 8th will be given a dividend of $0.61 per share by the insurance provider on Tuesday, December 15th. This represents a $2.44 annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, December 8th. This is a 10.9% increase from First American Financial’s previous quarterly dividend of $0.55.

First American Financial has a payout ratio of 39.9% meaning its dividend is sufficiently covered by earnings. Analysts expect First American Financial to earn $6.97 per share next year, which means the company should continue to be able to cover its $2.44 annual dividend with an expected future payout ratio of 35.0%.

First American Financial Stock Up 4.1%

FAF stock opened at $67.63 on Thursday. The business’s 50-day simple moving average is $67.19 and its 200 day simple moving average is $67.43. The company has a market cap of $6.90 billion, a PE ratio of 9.53 and a beta of 1.22. First American Financial has a twelve month low of $56.20 and a twelve month high of $79.87.

First American Financial (NYSE:FAF) last released its quarterly earnings data on Wednesday, October 21st. The insurance provider reported $1.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.07). First American Financial had a net margin of 9.05% and a return on equity of 13.41%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same period in the previous year, the firm posted $1.84 earnings per share. On average, equities research analysts anticipate that First American Financial will post 6.94 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Lido Advisors LLC increased its holdings in shares of First American Financial by 5.8% during the 3rd quarter. Lido Advisors LLC now owns 4,171 shares of the insurance provider’s stock worth $253,000 after buying an additional 229 shares during the last quarter. Keybank National Association OH grew its stake in First American Financial by 5.0% during the 3rd quarter. Keybank National Association OH now owns 22,108 shares of the insurance provider’s stock worth $1,343,000 after purchasing an additional 1,053 shares in the last quarter. AlphaCore Capital LLC purchased a new stake in shares of First American Financial during the 3rd quarter worth $395,000. Fulcrum Asset Management LLP acquired a new stake in First American Financial during the third quarter worth approximately $146,000. Finally, Pictet Asset Management Holding SA lifted its position in First American Financial by 18.9% in the third quarter. Pictet Asset Management Holding SA now owns 609,045 shares of the insurance provider’s stock valued at $36,993,000 after acquiring an additional 96,733 shares during the last quarter. Hedge funds and other institutional investors own 89.05% of the company’s stock.

First American Financial Company Profile

First American Financial Corporation (NYSE: FAF) is a provider of title insurance, settlement services and financial technology solutions for the real estate and mortgage industries. Through its First American Title operations, the company helps protect property owners, lenders and other parties against title defects and related risks during real estate transactions.

The company’s services include title searches and examination, title insurance policies, escrow and closing services, and transaction coordination.