Strs Ohio Reduces Holdings in First American Financial Corporation $FAF

Strs Ohio trimmed its holdings in shares of First American Financial Corporation (NYSE:FAF) by 93.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,326 shares of the insurance provider’s stock after selling 32,846 shares during the quarter. Strs Ohio’s holdings in First American Financial were worth $149,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in shares of First American Financial by 121.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,483 shares of the insurance provider’s stock worth $97,000 after acquiring an additional 813 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in First American Financial by 10.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 293,058 shares of the insurance provider’s stock worth $19,233,000 after purchasing an additional 28,666 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in First American Financial by 7.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 414,146 shares of the insurance provider’s stock valued at $27,180,000 after purchasing an additional 27,600 shares in the last quarter. Jane Street Group LLC grew its holdings in First American Financial by 182.5% during the first quarter. Jane Street Group LLC now owns 67,572 shares of the insurance provider’s stock valued at $4,435,000 after purchasing an additional 43,651 shares during the period. Finally, Focus Partners Wealth grew its holdings in First American Financial by 11.3% during the first quarter. Focus Partners Wealth now owns 4,282 shares of the insurance provider’s stock valued at $281,000 after purchasing an additional 435 shares during the period. 89.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FAF has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their price objective on First American Financial from $79.00 to $81.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. Stephens began coverage on shares of First American Financial in a report on Friday, November 14th. They issued an “equal weight” rating for the company. Barclays decreased their target price on shares of First American Financial from $71.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of First American Financial in a research report on Friday, December 26th. Finally, Truist Financial increased their price objective on shares of First American Financial from $73.00 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.75.

First American Financial Price Performance

Shares of FAF opened at $64.66 on Wednesday. The firm has a market cap of $6.59 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 0.68 and a beta of 1.27. First American Financial Corporation has a 1 year low of $53.09 and a 1 year high of $68.64. The company has a 50 day simple moving average of $62.92 and a two-hundred day simple moving average of $63.20.

First American Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, March 9th. First American Financial’s dividend payout ratio (DPR) is presently 47.31%.

First American Financial Company 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.