First American Financial Corporation $FAF Shares Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH grew its holdings in shares of First American Financial Corporation (NYSE:FAF) by 10.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 210,739 shares of the insurance provider’s stock after purchasing an additional 20,188 shares during the period. Allianz Asset Management GmbH’s holdings in First American Financial were worth $13,538,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in FAF. SJS Investment Consulting Inc. lifted its stake in First American Financial by 2,887.5% during the third quarter. SJS Investment Consulting Inc. now owns 478 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 462 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of First American Financial in the second quarter valued at $35,000. Atlantic Union Bankshares Corp bought a new position in shares of First American Financial in the second quarter valued at $36,000. First Horizon Corp acquired a new stake in shares of First American Financial during the 3rd quarter valued at $37,000. Finally, Tripletail Wealth Management LLC bought a new stake in shares of First American Financial during the 3rd quarter worth $41,000. Institutional investors and hedge funds own 89.05% of the company’s stock.

First American Financial Trading Up 0.5%

Shares of First American Financial stock opened at $67.42 on Friday. First American Financial Corporation has a 1 year low of $53.09 and a 1 year high of $68.75. The company has a market cap of $6.87 billion, a P/E ratio of 14.50, a P/E/G ratio of 0.72 and a beta of 1.27. The stock has a 50-day moving average price of $62.96 and a 200 day moving average price of $63.36.

First American Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, March 9th. First American Financial’s dividend payout ratio is 47.31%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FAF shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of First American Financial in a research report on Friday, December 26th. Barclays dropped their price target on 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. Stephens assumed coverage on First American Financial in a report on Friday, November 14th. They set an “equal weight” rating on the stock. Wall Street Zen upgraded shares of First American Financial from a “hold” rating to a “buy” rating in a report on Sunday, December 14th. 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 report on Thursday, October 23rd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $75.75.

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.