Venturi Wealth Management LLC Has $41,000 Stock Position in First American Financial Co. (NYSE:FAF)

Venturi Wealth Management LLC raised its stake in First American Financial Co. (NYSE:FAF) by 132.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 625 shares of the insurance provider’s stock after acquiring an additional 356 shares during the quarter. Venturi Wealth Management LLC’s holdings in First American Financial were worth $41,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of FAF. Mather Group LLC. increased its holdings in shares of First American Financial by 99.1% in the second quarter. Mather Group LLC. now owns 671 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 334 shares in the last quarter. GAMMA Investing LLC raised its position 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 acquiring an additional 257 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of First American Financial during the second quarter valued at $47,000. Quarry LP boosted its holdings in First American Financial by 340.8% in the second quarter. Quarry LP now owns 864 shares of the insurance provider’s stock valued at $47,000 after acquiring an additional 668 shares during the last quarter. Finally, Abich Financial Wealth Management LLC increased its position in First American Financial by 56.5% in the first quarter. Abich Financial Wealth Management LLC now owns 798 shares of the insurance provider’s stock worth $49,000 after purchasing an additional 288 shares during the period. 89.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

FAF has been the topic of several analyst reports. Truist Financial increased their price objective on shares of First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods increased their price target on First American Financial from $66.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, September 4th. Stephens lifted their price objective on 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, Barclays increased their target price on 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.50.

First American Financial Trading Up 0.2 %

Shares of First American Financial stock opened at $64.97 on Friday. The stock’s fifty day simple moving average is $64.79 and its 200 day simple moving average is $59.86. The company has a market capitalization of $6.69 billion, a PE ratio of 73.00 and a beta of 1.29. First American Financial Co. has a 12 month low of $51.60 and a 12 month high of $67.88.

First American Financial (NYSE:FAF) last released its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.19. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the firm posted $1.22 earnings per share. First American Financial’s revenue was down 5.1% compared to the same quarter last year. Analysts predict that First American Financial Co. will post 3.99 EPS for the current fiscal year.

First American Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Monday, December 9th. First American Financial’s dividend payout ratio is 242.70%.

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.