RWWM Inc. Has $1.87 Million Stock Holdings in First American Financial Corporation $FAF

RWWM Inc. raised its holdings in shares of First American Financial Corporation (NYSE:FAF) by 88.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 29,057 shares of the insurance provider’s stock after acquiring an additional 13,640 shares during the period. First American Financial makes up 0.1% of RWWM Inc.’s holdings, making the stock its 19th largest position. RWWM Inc.’s holdings in First American Financial were worth $1,867,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FAF. Boston Partners boosted its stake in First American Financial by 20.0% during the 2nd quarter. Boston Partners now owns 5,632,945 shares of the insurance provider’s stock worth $345,971,000 after acquiring an additional 940,687 shares during the last quarter. Reinhart Partners LLC. boosted its position in shares of First American Financial by 31.3% during the third quarter. Reinhart Partners LLC. now owns 1,598,007 shares of the insurance provider’s stock worth $102,657,000 after purchasing an additional 380,744 shares in the last quarter. Channing Capital Management LLC boosted its position in shares of First American Financial by 875.1% during the second quarter. Channing Capital Management LLC now owns 1,323,513 shares of the insurance provider’s stock worth $81,250,000 after purchasing an additional 1,187,787 shares in the last quarter. Norges Bank acquired a new position in shares of First American Financial in the 2nd quarter valued at $77,143,000. Finally, Corient Private Wealth LLC increased its position in shares of First American Financial by 5.8% in the 2nd quarter. Corient Private Wealth LLC now owns 815,810 shares of the insurance provider’s stock valued at $50,063,000 after buying an additional 44,749 shares in the last quarter. 89.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FAF. Keefe, Bruyette & Woods increased their target price on First American Financial from $79.00 to $81.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. Wall Street Zen upgraded First American Financial from a “hold” rating to a “buy” rating in a report on Sunday, December 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of First American Financial in a report on Friday, December 26th. Truist Financial increased their price target on First American Financial from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, Stephens started coverage on First American Financial in a research report on Friday, November 14th. They set an “equal weight” rating on the stock. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $75.75.

First American Financial Price Performance

First American Financial stock opened at $63.21 on Friday. The stock’s fifty day moving average price is $62.95 and its two-hundred day moving average price is $62.98. The firm has a market cap of $6.44 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 0.68 and a beta of 1.27. First American Financial Corporation has a one year low of $53.09 and a one year high of $68.64.

First American Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $2.20 annualized dividend and a yield of 3.5%. First American Financial’s payout ratio is presently 47.31%.

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.