Jackson Creek Investment Advisors LLC Invests $1.61 Million in First American Financial Corporation $FAF

Jackson Creek Investment Advisors LLC acquired a new position in First American Financial Corporation (NYSE:FAF) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 26,165 shares of the insurance provider’s stock, valued at approximately $1,608,000.

Several other large investors have also recently modified their holdings of the stock. Clearstead Advisors LLC increased its holdings in shares of First American Financial by 94.3% in the fourth quarter. Clearstead Advisors LLC now owns 1,669 shares of the insurance provider’s stock worth $103,000 after buying an additional 810 shares during the period. Hantz Financial Services Inc. increased its holdings in shares of First American Financial by 113.0% in the fourth quarter. Hantz Financial Services Inc. now owns 1,915 shares of the insurance provider’s stock worth $118,000 after buying an additional 1,016 shares during the period. Jefferies Financial Group Inc. purchased a new position in shares of First American Financial in the fourth quarter worth about $6,713,000. MQS Management LLC bought a new stake in shares of First American Financial in the fourth quarter worth about $391,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of First American Financial by 41.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,935 shares of the insurance provider’s stock worth $119,000 after purchasing an additional 566 shares during the last quarter. Hedge funds and other institutional investors own 89.05% of the company’s stock.

First American Financial Price Performance

NYSE FAF opened at $68.17 on Wednesday. The stock has a market capitalization of $6.95 billion, a PE ratio of 10.47, a PEG ratio of 0.65 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 business’s 50-day moving average is $64.88 and its 200 day moving average is $64.45.

First American Financial (NYSE:FAF) last posted its earnings results on Wednesday, April 22nd. The insurance provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.27. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.80 billion. First American Financial had a return on equity of 12.58% and a net margin of 8.73%.First American Financial’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period last year, the firm earned $0.84 earnings per share. As a group, equities research analysts anticipate that First American Financial Corporation will post 6.83 earnings per share for the current year.

First American Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, June 8th. First American Financial’s payout ratio is presently 33.79%.

Analysts Set New Price Targets

Several research firms recently issued reports on FAF. Wall Street Zen cut First American Financial from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Truist Financial raised their target price on First American Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Weiss Ratings raised First American Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 22nd. Zacks Research raised First American Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Finally, Stephens raised their target price on First American Financial from $81.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $82.50.

Insider Activity at First American Financial

In other First American Financial news, SVP Lisa W. Cornehl sold 5,823 shares of First American Financial stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $68.63, for a total transaction of $399,632.49. Following the sale, the senior vice president directly owned 29,635 shares of the company’s stock, valued at approximately $2,033,850.05. The trade was a 16.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Margaret M. Mccarthy sold 6,630 shares of First American Financial stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $70.59, for a total value of $468,011.70. Following the sale, the director directly owned 24,024 shares in the company, valued at approximately $1,695,854.16. The trade was a 21.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 3.50% of the company’s stock.

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.