Vaughan Nelson Investment Management L.P. Raises Stake in First American Financial Co. (NYSE:FAF)

Vaughan Nelson Investment Management L.P. lifted its stake in First American Financial Co. (NYSE:FAF) by 2.5% in the 4th quarter, Holdings Channel reports. The firm owned 1,530,977 shares of the insurance provider’s stock after purchasing an additional 37,866 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in First American Financial were worth $95,594,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. UMB Bank n.a. lifted its position in shares of First American Financial by 66.9% during the 4th quarter. UMB Bank n.a. now owns 524 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 210 shares during the period. Venturi Wealth Management LLC raised its stake in shares of First American Financial by 132.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider’s stock worth $41,000 after buying an additional 356 shares during the last quarter. Blue Trust Inc. boosted its position in shares of First American Financial by 214.2% in the 3rd quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider’s stock worth $67,000 after buying an additional 696 shares in the last quarter. GAMMA Investing LLC grew its stake in First American Financial by 34.9% in the 4th quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider’s stock valued at $67,000 after acquiring an additional 277 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in First American Financial during the 3rd quarter valued at about $75,000. Institutional investors and hedge funds own 89.05% of the company’s stock.

Wall Street Analysts Forecast Growth

FAF has been the subject of a number of recent research reports. Truist Financial raised their price objective on shares of First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Barclays upped their price objective on First American Financial from $70.00 to $72.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods dropped their price objective on First American Financial from $80.00 to $74.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. Finally, Stephens boosted their target price on shares of First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

First American Financial Price Performance

NYSE FAF opened at $64.02 on Friday. The company has a market cap of $6.59 billion, a P/E ratio of 71.93 and a beta of 1.33. First American Financial Co. has a 12 month low of $51.60 and a 12 month high of $70.92. The company has a 50-day moving average of $63.34 and a 200-day moving average of $63.76.

First American Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.37%. First American Financial’s payout ratio is 242.70%.

First American Financial Company Profile

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.