Cwm LLC Acquires 9,027 Shares of First American Financial Corporation $FAF

Cwm LLC increased its stake in shares of First American Financial Corporation (NYSE:FAF) by 95.7% in the third quarter, HoldingsChannel reports. The firm owned 18,458 shares of the insurance provider’s stock after buying an additional 9,027 shares during the period. Cwm LLC’s holdings in First American Financial were worth $1,186,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FAF. Teza Capital Management LLC bought a new stake in shares of First American Financial in the 1st quarter valued at about $414,000. Dynamic Technology Lab Private Ltd acquired a new stake in First American Financial in the first quarter valued at approximately $932,000. Jones Financial Companies Lllp boosted its stake in First American Financial by 121.3% in the first quarter. Jones Financial Companies Lllp now owns 1,483 shares of the insurance provider’s stock valued at $97,000 after acquiring an additional 813 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in First American Financial by 10.8% in the first 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 last quarter. Finally, Sciencast Management LP acquired a new position in shares of First American Financial during the first quarter worth $1,059,000. Hedge funds and other institutional investors own 89.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FAF. Stephens began coverage on First American Financial in a research report on Friday, November 14th. They issued an “equal weight” rating for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of First American Financial in a research note on Friday, December 26th. Wall Street Zen upgraded First American Financial from a “hold” rating to a “buy” rating in a research note on Sunday, December 14th. Barclays upped their price objective on shares of First American Financial from $70.00 to $71.00 and gave the company a “cautious” rating in a report on Monday, October 6th. Finally, Truist Financial lifted their target price 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 equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, First American Financial currently has an average rating of “Hold” and a consensus price target of $76.50.

First American Financial Stock Up 1.8%

Shares of NYSE FAF opened at $62.20 on Tuesday. The business’s 50 day moving average price is $63.18 and its 200 day moving average price is $62.79. The firm has a market cap of $6.34 billion, a P/E ratio of 13.38 and a beta of 1.27. First American Financial Corporation has a 52 week low of $53.09 and a 52 week high of $68.64.

First American Financial (NYSE:FAF) last posted its quarterly earnings results on Thursday, October 23rd. The insurance provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.28. First American Financial had a net margin of 6.80% and a return on equity of 11.01%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the firm posted $1.34 EPS. First American Financial’s revenue for the quarter was up 40.7% compared to the same quarter last year. As a group, research analysts expect that First American Financial Corporation will post 5.35 earnings per share for the current year.

First American Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 8th were given a dividend of $0.55 per share. The ex-dividend date was Monday, December 8th. This represents a $2.20 dividend on an annualized basis and a yield of 3.5%. First American Financial’s payout ratio is currently 47.31%.

About First American Financial

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.