Hunter Associates Investment Management LLC Raises Stake in First American Financial Co. (NYSE:FAF)

Hunter Associates Investment Management LLC grew its position in First American Financial Co. (NYSE:FAF) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,140 shares of the insurance provider’s stock after purchasing an additional 2,445 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in First American Financial were worth $2,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. boosted its holdings in First American Financial by 66.9% in the 4th quarter. UMB Bank n.a. now owns 524 shares of the insurance provider’s stock worth $33,000 after buying an additional 210 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of First American Financial by 132.3% in the third quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 356 shares during the period. Quarry LP grew its position in shares of First American Financial by 340.8% during the second quarter. Quarry LP now owns 864 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 668 shares in the last quarter. Blue Trust Inc. raised its stake in First American Financial by 214.2% during the 3rd quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider’s stock valued at $67,000 after purchasing an additional 696 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in First American Financial by 34.9% in the 4th quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider’s stock worth $67,000 after purchasing an additional 277 shares in the last quarter. 89.05% of the stock is owned by hedge funds and other institutional investors.

First American Financial Stock Up 1.1 %

FAF stock opened at $63.80 on Friday. First American Financial Co. has a 52 week low of $51.60 and a 52 week high of $70.92. The firm has a market capitalization of $6.57 billion, a P/E ratio of 71.68 and a beta of 1.33. The company has a fifty day simple moving average of $64.08 and a two-hundred day simple moving average of $63.52.

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 given a $0.54 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.16 annualized dividend and a yield of 3.39%. First American Financial’s dividend payout ratio is currently 242.70%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FAF. Keefe, Bruyette & Woods cut their price objective on shares of First American Financial from $80.00 to $74.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. Barclays raised their target price 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. Stephens boosted their price target 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. Finally, Truist Financial raised their price objective on First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, First American Financial currently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

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.