Yousif Capital Management LLC Lowers Stake in First American Financial Co.
On February 10, 2025, it was reported that Yousif Capital Management LLC has decreased its investment in First American Financial Co. (NYSE:FAF) by 2.7% during the fourth quarter, according to their latest filing with the SEC. Following a sale of 1,061 shares within the quarter, Yousif now holds 38,721 shares of the company, valued at approximately $2,418,000.
Additionally, other institutional investors and hedge funds have recently adjusted their positions in First American Financial. For instance, UMB Bank n.a. significantly increased its stake by 66.9% in the fourth quarter, now owning 524 shares valued at $33,000 after acquiring an extra 210 shares. Similarly, Venturi Wealth Management LLC raised its holdings by 132.3% in the third quarter, now owning 625 shares worth $41,000. Blue Trust Inc. reported a 214.2% increase, bringing its total to 1,021 shares valued at $67,000 after buying 696 additional shares. GAMMA Investing LLC also expanded its position by 34.9%, now holding 1,071 shares worth $67,000 after securing 277 more shares. Lastly, Sunbelt Securities Inc. acquired a new stake valued at $75,000 in the third quarter. Institutional investors collectively own about 89.05% of First American Financial's stock.
Stock Performance of First American Financial
As of Monday, the First American Financial stock opened at $64.02. In the past year, it has reached a low of $51.60 and a high of $70.92. The company has a 50-day moving average price of $63.34 and a 200-day moving average price of $63.84. First American Financial's market capitalization stands at $6.59 billion, with a price-to-earnings ratio of 71.93 and a beta of 1.33.
Dividend Announcement
First American Financial has recently declared a quarterly dividend, which will be distributed on March 17th, 2025. Shareholders who are recorded on March 10th will receive a dividend payment of $0.54 per share. This results in an annualized dividend of $2.16 and a yield of 3.37%. Currently, the dividend payout ratio (DPR) for First American Financial is reported to be 242.70%.
Analyst Recommendations and Forecasts
In recent evaluations, several analysts have commented favorably on First American Financial. Truist Financial raised its price target from $68.00 to $73.00 while giving the stock a 'buy' rating. Similarly, Stephens increased its target to $73.00 and assigned an 'overweight' rating. Barclays also upped their target from $70.00 to $72.00 with an 'equal weight' rating. Conversely, Keefe, Bruyette & Woods revised down their price objective from $80.00 to $74.00 while maintaining a 'market perform' rating. Currently, two analysts have a hold rating while two have a buy rating for the stock. According to MarketBeat.com, the consensus rating stands at 'Moderate Buy' with an average price target of $73.00.
About First American Financial
First American Financial Corporation offers a range of financial services through its subsidiaries. It operates primarily in the Title Insurance and Services, and Home Warranty sectors. The Title Insurance segment issues policies for both residential and commercial properties and provides related services internationally.
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