Entropy Technologies LP Buys Shares of 9,500 First American Financial Co. (NYSE:FAF)

Entropy Technologies LP purchased a new position in First American Financial Co. (NYSE:FAF) during the fourth quarter, Holdings Channel reports. The fund purchased 9,500 shares of the insurance provider’s stock, valued at approximately $593,000.

A number of other institutional investors have also recently made changes to their positions in the stock. UMB Bank n.a. grew its position in First American Financial by 66.9% in the fourth quarter. UMB Bank n.a. now owns 524 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 210 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in First American Financial by 132.3% during the third quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 356 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of First American Financial by 214.2% in the 3rd quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider’s stock worth $67,000 after purchasing an additional 696 shares in the last quarter. GAMMA Investing LLC increased its position in shares of First American Financial by 34.9% during the 4th quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider’s stock valued at $67,000 after purchasing an additional 277 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in shares of First American Financial during the 3rd quarter valued at about $75,000. Institutional investors own 89.05% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on FAF shares. Truist Financial upped their target price on First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Stephens upped their price objective on shares of First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Barclays lifted their target price on shares of First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, Keefe, Bruyette & Woods cut their price target on shares of First American Financial from $80.00 to $74.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, First American Financial has an average rating of “Moderate Buy” and an average price target of $73.00.

First American Financial Stock Performance

NYSE:FAF opened at $63.54 on Wednesday. First American Financial Co. has a fifty-two week low of $51.60 and a fifty-two week high of $70.92. The firm has a market cap of $6.54 billion, a PE ratio of 71.39 and a beta of 1.33. The business has a 50 day moving average price of $63.08 and a 200-day moving average price of $63.91.

First American Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a dividend of $0.54 per share. The ex-dividend date is Monday, March 10th. This represents a $2.16 annualized dividend and a yield of 3.40%. First American Financial’s payout ratio is currently 242.70%.

About First American Financial

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.