77,734 Shares in First American Financial Co. (NYSE:FAF) Bought by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP purchased a new position in shares of First American Financial Co. (NYSE:FAF) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 77,734 shares of the insurance provider’s stock, valued at approximately $5,131,000. Advantage Alpha Capital Partners LP owned about 0.08% of First American Financial as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Blossom Wealth Management raised its stake in First American Financial by 2.4% in the 3rd quarter. Blossom Wealth Management now owns 7,105 shares of the insurance provider’s stock worth $469,000 after acquiring an additional 165 shares during the last quarter. Custom Index Systems LLC raised its stake in shares of First American Financial by 2.3% in the second quarter. Custom Index Systems LLC now owns 8,218 shares of the insurance provider’s stock worth $443,000 after purchasing an additional 182 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of First American Financial by 1.2% during the second quarter. Pacer Advisors Inc. now owns 15,560 shares of the insurance provider’s stock worth $839,000 after purchasing an additional 187 shares during the period. GAMMA Investing LLC lifted its holdings in shares of First American Financial by 56.9% during the second quarter. GAMMA Investing LLC now owns 709 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 257 shares during the period. Finally, Linden Thomas Advisory Services LLC boosted its position in First American Financial by 1.1% in the second quarter. Linden Thomas Advisory Services LLC now owns 25,897 shares of the insurance provider’s stock valued at $1,397,000 after buying an additional 284 shares during the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

First American Financial Trading Up 3.0 %

First American Financial stock opened at $69.64 on Tuesday. The firm has a market cap of $7.17 billion, a PE ratio of 78.25 and a beta of 1.29. The stock’s 50 day simple moving average is $64.92 and its two-hundred day simple moving average is $60.37. First American Financial Co. has a 12 month low of $51.60 and a 12 month high of $70.92.

First American Financial (NYSE:FAF) last announced its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.19. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.66 billion. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.22 earnings per share. On average, equities research analysts forecast that First American Financial Co. will post 4.04 EPS for the current year.

First American Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Monday, December 9th. First American Financial’s payout ratio is currently 242.70%.

Analyst Ratings Changes

FAF has been the subject of a number of recent research reports. Barclays raised their price target on shares of First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods raised their target price on shares of First American Financial from $66.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, September 4th. Stephens upped their price target on shares of First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Truist Financial increased their price target on First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, First American Financial has a consensus rating of “Moderate Buy” and a consensus price target of $72.50.

First American Financial Company Profile

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.