Reinhart Partners LLC. Has $65.07 Million Position in First American Financial Co. (NYSE:FAF)

Reinhart Partners LLC. increased its stake in shares of First American Financial Co. (NYSE:FAF) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,042,158 shares of the insurance provider’s stock after purchasing an additional 28,755 shares during the quarter. First American Financial makes up about 2.5% of Reinhart Partners LLC.’s portfolio, making the stock its 15th largest holding. Reinhart Partners LLC.’s holdings in First American Financial were worth $65,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in FAF. Commonwealth Equity Services LLC increased its position in First American Financial by 23.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 20,783 shares of the insurance provider’s stock valued at $1,121,000 after acquiring an additional 3,914 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in First American Financial in the 2nd quarter valued at approximately $47,000. Headlands Technologies LLC increased its position in First American Financial by 2,713.6% in the 2nd quarter. Headlands Technologies LLC now owns 2,476 shares of the insurance provider’s stock valued at $134,000 after acquiring an additional 2,388 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in shares of First American Financial by 112.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 10,810 shares of the insurance provider’s stock valued at $583,000 after purchasing an additional 5,711 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of First American Financial by 5.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 149,530 shares of the insurance provider’s stock valued at $8,067,000 after purchasing an additional 7,885 shares during the last quarter. 89.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Truist Financial upped their price objective on shares of First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Barclays upped their price objective on shares of First American Financial from $70.00 to $72.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods reduced their price objective on shares of First American Financial from $80.00 to $74.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 8th. Finally, Stephens increased their target price on shares of First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

First American Financial Trading Up 0.1 %

Shares of FAF stock traded up $0.08 during trading hours on Monday, reaching $57.78. The stock had a trading volume of 227,233 shares, compared to its average volume of 483,492. The stock’s fifty day simple moving average is $64.79 and its 200 day simple moving average is $62.85. First American Financial Co. has a 12 month low of $51.60 and a 12 month high of $70.92. The firm has a market capitalization of $5.95 billion, a PE ratio of 64.92 and a beta of 1.33.

First American Financial (NYSE:FAF) last released its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.19. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the business earned $1.22 earnings per share. First American Financial’s revenue was down 5.1% compared to the same quarter last year. As a group, equities research analysts anticipate that First American Financial Co. will post 4.07 EPS for the current fiscal year.

First American Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $2.16 annualized dividend and a yield of 3.74%. First American Financial’s payout ratio is presently 242.70%.

About First American Financial

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Home Warranty segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services internationally.