Northwestern Mutual Wealth Management Co. Increases Stock Position in First American Financial Corporation $FAF

Northwestern Mutual Wealth Management Co. lifted its holdings in First American Financial Corporation (NYSE:FAF) by 4,485,375.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,786,263 shares of the insurance provider’s stock after purchasing an additional 5,786,134 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.06% of First American Financial worth $355,508,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of FAF. V Square Quantitative Management LLC purchased a new stake in shares of First American Financial in the 4th quarter worth approximately $27,000. First Horizon Corp purchased a new stake in First American Financial during the third quarter valued at approximately $37,000. Danske Bank A S purchased a new stake in First American Financial during the third quarter valued at approximately $45,000. Advisory Services Network LLC purchased a new stake in First American Financial during the third quarter valued at approximately $52,000. Finally, Clearstead Advisors LLC lifted its position in First American Financial by 33.0% during the third quarter. Clearstead Advisors LLC now owns 859 shares of the insurance provider’s stock valued at $55,000 after acquiring an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 89.05% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on FAF shares. Barclays increased their target price on shares of First American Financial from $72.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of First American Financial in a research report on Friday, February 13th. Stephens increased their target price on shares of First American Financial from $81.00 to $84.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Zacks Research raised shares of First American Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Finally, Truist Financial increased their target price on shares of First American Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $82.50.

First American Financial Price Performance

NYSE:FAF opened at $67.04 on Friday. The firm has a market capitalization of $6.83 billion, a P/E ratio of 10.30, a PEG ratio of 0.64 and a beta of 1.28. First American Financial Corporation has a 1-year low of $53.09 and a 1-year high of $71.47. The company’s fifty day moving average price is $64.57 and its 200-day moving average price is $64.16.

First American Financial (NYSE:FAF) last released its quarterly earnings data on Wednesday, April 22nd. The insurance provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.27. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.80 billion. First American Financial had a net margin of 8.73% and a return on equity of 12.58%. The business’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 earnings per share. Equities analysts anticipate that First American Financial Corporation will post 6.83 EPS for the current fiscal year.

First American Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be paid a $0.55 dividend. The ex-dividend date is Monday, June 8th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.3%. First American Financial’s dividend payout ratio is presently 33.79%.

Insider Activity at First American Financial

In related news, Director Margaret M. Mccarthy sold 6,630 shares of the firm’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $70.59, for a total transaction of $468,011.70. Following the sale, the director owned 24,024 shares in the company, valued at approximately $1,695,854.16. This trade represents a 21.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Parker S. Kennedy purchased 44,841 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were purchased at an average price of $67.85 per share, for a total transaction of $3,042,461.85. Following the transaction, the director owned 251,552 shares of the company’s stock, valued at $17,067,803.20. This trade represents a 21.69% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.50% of the stock is owned by company insiders.

First American Financial Profile

First American Financial Corporation is a leading provider of title insurance, settlement services and diversified real estate-related data and analytics. Headquartered in Santa Ana, California, the company serves customers throughout the United States as well as in Canada, Europe, Latin America and Asia. Its business is built on the underwriting capabilities of its title insurance operations combined with comprehensive closing and escrow services for homebuyers, sellers, mortgage lenders and real estate professionals.

The company’s title insurance segment issues policies that protect property owners and mortgage lenders against defects in titles, liens or encumbrances that can arise during real property transactions.