Blossom Wealth Management Has $462,000 Stake in First American Financial Co. (NYSE:FAF)

Blossom Wealth Management grew its position in shares of First American Financial Co. (NYSE:FAF) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,395 shares of the insurance provider’s stock after buying an additional 290 shares during the quarter. Blossom Wealth Management’s holdings in First American Financial were worth $462,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of FAF. Wellington Management Group LLP acquired a new stake in shares of First American Financial in the third quarter valued at approximately $95,638,000. ArrowMark Colorado Holdings LLC acquired a new stake in First American Financial in the third quarter worth $43,431,000. Holocene Advisors LP acquired a new stake in First American Financial during the 3rd quarter worth $36,803,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of First American Financial by 83.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 893,216 shares of the insurance provider’s stock valued at $58,961,000 after purchasing an additional 405,487 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in First American Financial by 19.4% in the third quarter. Victory Capital Management Inc. now owns 2,495,766 shares of the insurance provider’s stock valued at $164,746,000 after buying an additional 405,146 shares in the last quarter. 89.05% of the stock is currently owned by institutional investors.

First American Financial Price Performance

First American Financial stock opened at $63.21 on Friday. The firm has a market cap of $6.51 billion, a PE ratio of 71.02 and a beta of 1.33. The stock’s fifty day moving average price is $63.99 and its two-hundred day moving average price is $63.56. First American Financial Co. has a one year low of $51.60 and a one year high of $70.92.

First American Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Monday, March 10th. First American Financial’s dividend payout ratio (DPR) is presently 242.70%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays boosted their price target on First American Financial from $70.00 to $72.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Truist Financial lifted 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 report on Friday, October 25th. Keefe, Bruyette & Woods decreased their target price on First American Financial from $80.00 to $74.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. Finally, Stephens increased 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. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $73.00.

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.