Yousif Capital Management LLC Reduces Stake in First American Financial Co. (NYSE:FAF)

Yousif Capital Management LLC has reduced its ownership in First American Financial Co. (NYSE:FAF) by 2.7% during the fourth quarter, based on its latest report to the SEC. After selling 1,061 shares, Yousif now holds 38,721 shares of the insurance company, which were valued at approximately $2,418,000 by the end of the quarter.

In addition, several other institutional investors and hedge funds have also adjusted their positions in First American Financial. UMB Bank n.a. increased its stake by 66.9% during the fourth quarter, acquiring 210 additional shares for a total of 524 shares worth $33,000. Venturi Wealth Management LLC raised its holdings by 132.3% in the third quarter, now owning 625 shares valued at $41,000 after purchasing 356 extra shares. Similarly, Blue Trust Inc. boosted its position by 214.2% in the third quarter, owning 1,021 shares worth $67,000 after acquiring 696 more shares. GAMMA Investing LLC increased its holdings by 34.9% in the fourth quarter, now holding 1,071 shares valued at $67,000 after buying 277 shares. Lastly, Sunbelt Securities Inc. purchased a new stake worth $75,000 during the third quarter. Overall, institutional investors control approximately 89.05% of First American Financial's stock.

Current Stock Performance

As of Monday, First American Financial Co. is trading at $64.02. The stock has experienced a range over the past year, with a low of $51.60 and a high of $70.92. Its fifty-day moving average stands at $63.34, while the 200-day moving average is $63.84. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 71.93, and a beta of 1.33.

Dividend Announcement

First American Financial has also announced its intention to pay a quarterly dividend of $0.54 per share, which will be disbursed on March 17th to shareholders recorded on March 10th, with the ex-dividend date being the same day. This amounts to an annual dividend of $2.16, resulting in a dividend yield of 3.37%. Notably, the company’s dividend payout ratio (DPR) is currently sitting at 242.70%.

Analysts' Insight

Various research analysts have recently weighed in on First American Financial. Truist Financial raised its price target for FAF from $68.00 to $73.00, assigning a “buy” rating in a report from October 25th. Stephens also increased its target price from $66.00 to $73.00 and rated the stock as “overweight.” Barclays similarly moved its price target from $70.00 to $72.00, marking it as “equal weight.” Meanwhile, Keefe, Bruyette & Woods reduced their price objective from $80.00 to $74.00, recommending a “market perform” rating. At present, two analysts suggest holding the stock, while two recommend buying. According to MarketBeat.com data, the stock has a consensus rating of “Moderate Buy” and an average price target of $73.00.

Company Overview

First American Financial Corporation, through its subsidiaries, provides a range of financial services. It primarily operates through two segments: Title Insurance and Services, and Home Warranty. The Title Insurance and Services segment is responsible for issuing title insurance policies for residential and commercial properties and offers related products and services internationally.

financial, investment, stocks