7,952 Shares in First American Financial Corporation $FAF Bought by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC bought a new stake in First American Financial Corporation (NYSE:FAF) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,952 shares of the insurance provider’s stock, valued at approximately $511,000.

Other large investors also recently modified their holdings of the company. Elevation Point Wealth Partners LLC acquired a new stake in shares of First American Financial during the second quarter worth about $35,000. Atlantic Union Bankshares Corp acquired a new position in shares of First American Financial in the 2nd quarter valued at approximately $36,000. Ameritas Advisory Services LLC bought a new stake in First American Financial during the 2nd quarter worth approximately $48,000. EverSource Wealth Advisors LLC lifted its stake in First American Financial by 189.5% in the second quarter. EverSource Wealth Advisors LLC now owns 912 shares of the insurance provider’s stock valued at $56,000 after buying an additional 597 shares in the last quarter. Finally, Ransom Advisory Ltd bought a new position in First American Financial in the first quarter valued at approximately $66,000. 89.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FAF shares. Wall Street Zen raised shares of First American Financial from a “hold” rating to a “buy” rating in a research report on Sunday, December 14th. Keefe, Bruyette & Woods increased their target price on First American Financial from $79.00 to $81.00 and gave the stock an “outperform” rating in a report on Thursday. Barclays lifted their price target on First American Financial from $70.00 to $71.00 and gave the company a “cautious” rating in a research note on Monday, October 6th. Weiss Ratings raised First American Financial from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Finally, Stephens initiated coverage on First American Financial in a report on Friday, November 14th. They set an “equal weight” rating for the company. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, First American Financial has a consensus rating of “Hold” and a consensus target price of $76.50.

First American Financial Price Performance

Shares of NYSE:FAF opened at $63.87 on Friday. The company’s 50-day moving average price is $63.01 and its two-hundred day moving average price is $62.34. First American Financial Corporation has a one year low of $53.09 and a one year high of $68.64. The stock has a market capitalization of $6.51 billion, a PE ratio of 13.74 and a beta of 1.27.

First American Financial (NYSE:FAF) last released its earnings results on Thursday, October 23rd. The insurance provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.28. First American Financial had a return on equity of 11.01% and a net margin of 6.80%.The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the business earned $1.34 earnings per share. First American Financial’s quarterly revenue was up 40.7% on a year-over-year basis. On average, analysts anticipate that First American Financial Corporation will post 5.35 earnings per share for the current fiscal year.

First American Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 8th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $2.20 annualized dividend and a dividend yield of 3.4%. First American Financial’s payout ratio is 47.31%.

First American Financial 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.