Skba Capital Management LLC Has $6.88 Million Stock Position in First American Financial Co. (NYSE:FAF)

Skba Capital Management LLC lowered its holdings in First American Financial Co. (NYSE:FAFGet Rating) by 31.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,900 shares of the insurance provider’s stock after selling 40,600 shares during the period. Skba Capital Management LLC owned about 0.08% of First American Financial worth $6,876,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Pictet Asset Management SA increased its holdings in shares of First American Financial by 1.0% in the 4th quarter. Pictet Asset Management SA now owns 742,050 shares of the insurance provider’s stock worth $58,051,000 after purchasing an additional 7,431 shares in the last quarter. Rafferty Asset Management LLC lifted its stake in First American Financial by 9.9% in the 4th quarter. Rafferty Asset Management LLC now owns 56,166 shares of the insurance provider’s stock worth $4,394,000 after purchasing an additional 5,043 shares in the last quarter. Citigroup Inc. lifted its position in shares of First American Financial by 208.3% during the 4th quarter. Citigroup Inc. now owns 200,448 shares of the insurance provider’s stock worth $15,682,000 after purchasing an additional 135,437 shares during the last quarter. Acadian Asset Management LLC increased its stake in First American Financial by 1,653.5% in the fourth quarter. Acadian Asset Management LLC now owns 93,971 shares of the insurance provider’s stock valued at $7,345,000 after purchasing an additional 88,612 shares during the period. Finally, Panagora Asset Management Inc. lifted its holdings in shares of First American Financial by 37.3% in the fourth quarter. Panagora Asset Management Inc. now owns 501,875 shares of the insurance provider’s stock valued at $39,262,000 after purchasing an additional 136,239 shares in the last quarter. Institutional investors own 84.95% of the company’s stock.

Several research analysts have commented on the stock. Credit Suisse Group cut shares of First American Financial from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $97.00 to $74.00 in a report on Friday, April 1st. Barclays boosted their target price on First American Financial from $87.00 to $92.00 and gave the stock an “overweight” rating in a research note on Friday, February 11th. BTIG Research lowered their price target on First American Financial from $93.00 to $86.00 in a research report on Tuesday, April 12th. StockNews.com began coverage on First American Financial in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Truist Financial boosted their price target on First American Financial from $84.00 to $92.00 in a report on Thursday, January 13th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $70.57.

Shares of NYSE FAF traded up $0.18 during midday trading on Thursday, reaching $58.85. The company’s stock had a trading volume of 750,069 shares, compared to its average volume of 869,232. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 5.90 and a beta of 1.21. First American Financial Co. has a one year low of $57.36 and a one year high of $81.54. The company has a 50 day moving average price of $62.98 and a 200 day moving average price of $70.51.

First American Financial (NYSE:FAFGet Rating) last announced its earnings results on Thursday, February 10th. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.53. First American Financial had a net margin of 11.98% and a return on equity of 15.61%. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the previous year, the business posted $2.11 earnings per share. First American Financial’s quarterly revenue was up 11.6% on a year-over-year basis. Research analysts anticipate that First American Financial Co. will post 6.68 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 8th will be paid a $0.51 dividend. The ex-dividend date is Tuesday, June 7th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.47%. First American Financial’s dividend payout ratio is currently 20.54%.

First American Financial Company Profile (Get Rating)

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Specialty Insurance segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services.

See Also

Institutional Ownership by Quarter for First American Financial (NYSE:FAF)

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