Allspring Global Investments Holdings LLC Sells 50,605 Shares of First American Financial Corporation $FAF

Allspring Global Investments Holdings LLC decreased its holdings in First American Financial Corporation (NYSE:FAF) by 29.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 123,353 shares of the insurance provider’s stock after selling 50,605 shares during the period. Allspring Global Investments Holdings LLC’s holdings in First American Financial were worth $7,314,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Duncker Streett & Co. Inc. boosted its stake in shares of First American Financial by 616.4% during the first quarter. Duncker Streett & Co. Inc. now owns 437 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 376 shares during the period. V Square Quantitative Management LLC purchased a new position in First American Financial in the 4th quarter worth about $27,000. Global Retirement Partners LLC lifted its holdings in First American Financial by 1,107.5% during the 4th quarter. Global Retirement Partners LLC now owns 483 shares of the insurance provider’s stock valued at $30,000 after buying an additional 443 shares in the last quarter. Danske Bank A S bought a new stake in First American Financial during the 3rd quarter valued at about $45,000. Finally, IFP Advisors Inc lifted its holdings in First American Financial by 568.8% during the 4th quarter. IFP Advisors Inc now owns 749 shares of the insurance provider’s stock valued at $46,000 after buying an additional 637 shares in the last quarter. 89.05% of the stock is currently owned by institutional investors.

First American Financial Price Performance

Shares of First American Financial stock opened at $69.08 on Friday. The stock has a market cap of $7.04 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 0.69 and a beta of 1.23. The firm’s 50-day moving average is $68.22 and its two-hundred day moving average is $65.91. First American Financial Corporation has a 1 year low of $56.20 and a 1 year high of $73.50.

First American Financial (NYSE:FAF) last posted its quarterly earnings results on Wednesday, July 22nd. The insurance provider reported $2.08 EPS for the quarter, beating the consensus estimate of $1.80 by $0.28. First American Financial had a net margin of 9.33% and a return on equity of 13.43%. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the business posted $1.53 EPS. The company’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, equities analysts expect that First American Financial Corporation will post 6.74 earnings per share for the current year.

First American Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were paid a $0.55 dividend. The ex-dividend date of this dividend was Monday, June 8th. This represents a $2.20 dividend on an annualized basis and a yield of 3.2%. First American Financial’s payout ratio is 33.79%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FAF shares. Weiss Ratings restated a “buy (b)” rating on shares of First American Financial in a research note on Monday. Benchmark started coverage on shares of First American Financial in a research note on Tuesday. They set a “buy” rating and a $85.00 price target for the company. Wall Street Zen lowered First American Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Truist Financial boosted their price target on First American Financial from $82.00 to $85.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Zacks Research cut First American Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, First American Financial currently has a consensus rating of “Moderate Buy” and an average target price of $84.20.

Insider Buying and Selling

In other First American Financial news, SVP Lisa W. Cornehl sold 5,823 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $68.63, for a total transaction of $399,632.49. Following the completion of the sale, the senior vice president owned 29,635 shares in the company, valued at $2,033,850.05. This represents a 16.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.50% of the stock is owned by company insiders.

More First American Financial News

Here are the key news stories impacting First American Financial this week:

• Positive Sentiment: FAF beat second-quarter expectations, reporting $2.08 in EPS versus the $1.80 consensus and revenue of $2.11 billion versus $2.03 billion expected, helped by commercial title strength, higher investment income, and better average revenue per order. Article Title
• Positive Sentiment: Benchmark Co. initiated coverage with a Buy rating and an $85 price target, implying meaningful upside from recent trading levels. Article Title
• Neutral Sentiment: Several transcript and earnings-snapshot articles from Benzinga, Seeking Alpha, and other outlets mainly repeat the same strong quarterly results and conference call details, reinforcing the upbeat but not materially new narrative. Article Title
• Neutral Sentiment: Zacks Research nudged some future EPS estimates higher for 2027 and 2028, but cut its Q1 2027 forecast, leaving the longer-term outlook mixed while maintaining a Hold rating. Article Title

First American Financial 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.