Yorktown Management & Research Co Inc grew its stake in shares of First American Financial Corp (NYSE:FAF) by 106.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,850 shares of the insurance provider’s stock after acquiring an additional 18,000 shares during the period. Yorktown Management & Research Co Inc’s holdings in First American Financial were worth $1,953,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Cerebellum GP LLC acquired a new position in First American Financial during the 4th quarter worth $129,000. Round Table Services LLC acquired a new position in shares of First American Financial in the 4th quarter valued at about $210,000. Macquarie Group Ltd. acquired a new position in shares of First American Financial in the 3rd quarter valued at about $190,000. Greenleaf Trust acquired a new position in shares of First American Financial in the 4th quarter valued at about $215,000. Finally, Doyle Wealth Management acquired a new position in shares of First American Financial in the 4th quarter valued at about $218,000. 83.59% of the stock is owned by institutional investors.
First American Financial Corp (FAF) traded down $0.44 during midday trading on Thursday, hitting $57.59. 21,768 shares of the stock traded hands, compared to its average volume of 736,915. First American Financial Corp has a 1-year low of $37.51 and a 1-year high of $62.71. The firm has a market cap of $6,430.00, a price-to-earnings ratio of 21.10, a PEG ratio of 1.02 and a beta of 0.79.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 8th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Wednesday, March 7th. First American Financial’s payout ratio is 55.27%.
FAF has been the subject of several research reports. ValuEngine raised shares of First American Financial from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised shares of First American Financial from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a report on Thursday, December 28th. Barclays decreased their price target on shares of First American Financial from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Finally, Stephens raised shares of First American Financial from an “equal” rating to a “weight” rating in a report on Monday, January 8th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. First American Financial has an average rating of “Buy” and a consensus target price of $57.33.
In other First American Financial news, COO Christopher Michael Leavell sold 75,843 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $55.25, for a total transaction of $4,190,325.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.10% of the company’s stock.
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First American Financial Profile
First American Financial Corporation, through its subsidiaries, is engaged in the business of providing financial services. The Company operates through the title insurance and services segment, and specialty insurance segment. The title insurance and services segment provides title insurance, closing and/or escrow services and similar or related services domestically and internationally in connection with residential and commercial real estate transactions.
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