Mutual of America Capital Administration LLC minimize its stake in shares of First American Monetary Co. (NYSE:FAF – Free Report) by 6.4% within the third quarter, Holdings Channel.com studies. The fund owned 55,607 shares of the insurance coverage supplier’s inventory after promoting 3,781 shares in the course of the interval. Mutual of America Capital Administration LLC’s holdings in First American Monetary had been price $3,671,000 as of its most up-to-date SEC submitting.
Different massive buyers have additionally just lately modified their holdings of the corporate. Sei Investments Co. raised its holdings in First American Monetary by 5.3% within the 1st quarter. Sei Investments Co. now owns 14,759 shares of the insurance coverage supplier’s inventory price $901,000 after buying a further 741 shares over the past quarter. Vanguard Group Inc. lifted its holdings in shares of First American Monetary by 4.3% in the course of the first quarter. Vanguard Group Inc. now owns 10,567,038 shares of the insurance coverage supplier’s inventory valued at $645,118,000 after buying a further 431,089 shares within the final quarter. Bessemer Group Inc. boosted its place in shares of First American Monetary by 4.9% in the course of the first quarter. Bessemer Group Inc. now owns 4,985 shares of the insurance coverage supplier’s inventory valued at $304,000 after shopping for a further 234 shares over the past quarter. CANADA LIFE ASSURANCE Co elevated its holdings in First American Monetary by 1.9% within the 1st quarter. CANADA LIFE ASSURANCE Co now owns 97,818 shares of the insurance coverage supplier’s inventory price $5,968,000 after shopping for a further 1,782 shares within the final quarter. Lastly, Healthcare of Ontario Pension Plan Belief Fund purchased a brand new stake in First American Monetary within the 1st quarter price about $158,000. Hedge funds and different institutional buyers personal 89.05% of the corporate’s inventory.
First American Monetary Worth Efficiency
Shares of NYSE:FAF opened at $67.65 on Friday. The agency’s 50 day easy shifting common is $64.89 and its two-hundred day easy shifting common is $60.20. The corporate has a market capitalization of $6.97 billion, a P/E ratio of 76.01 and a beta of 1.29. First American Monetary Co. has a 1-year low of $51.60 and a 1-year excessive of $67.88.
First American Monetary (NYSE:FAF – Get Free Report) final introduced its quarterly earnings knowledge on Wednesday, October twenty third. The insurance coverage supplier reported $1.34 EPS for the quarter, beating the consensus estimate of $1.15 by $0.19. First American Monetary had a return on fairness of seven.95% and a internet margin of 1.58%. The enterprise had income of $1.41 billion for the quarter, in comparison with the consensus estimate of $1.66 billion. Throughout the identical interval within the earlier 12 months, the enterprise earned $1.22 earnings per share. The enterprise’s income was down 5.1% on a year-over-year foundation. On common, sell-side analysts anticipate that First American Monetary Co. will publish 4.04 earnings per share for the present fiscal 12 months.
First American Monetary Broadcasts Dividend
The enterprise additionally just lately introduced a quarterly dividend, which will likely be paid on Monday, December sixteenth. Stockholders of report on Monday, December ninth will likely be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of three.19%. The ex-dividend date of this dividend is Monday, December ninth. First American Monetary’s dividend payout ratio (DPR) is presently 242.70%.
Wall Road Analyst Weigh In
Numerous analysts have just lately issued studies on the inventory. Truist Monetary raised their worth goal on shares of First American Monetary from $68.00 to $73.00 and gave the corporate a “purchase” ranking in a report on Friday, October twenty fifth. Stephens boosted their goal worth on shares of First American Monetary from $66.00 to $73.00 and gave the corporate an “obese” ranking in a analysis word on Friday, October twenty fifth. Barclays elevated their worth goal on First American Monetary from $70.00 to $72.00 and gave the corporate an “equal weight” ranking in a report on Friday, October twenty fifth. Lastly, Keefe, Bruyette & Woods upped their worth goal on First American Monetary from $66.00 to $72.00 and gave the corporate an “outperform” ranking in a analysis report on Wednesday, September 4th. One analysis analyst has rated the inventory with a maintain ranking and 4 have assigned a purchase ranking to the inventory. Based on knowledge from MarketBeat.com, First American Monetary at present has a consensus ranking of “Average Purchase” and a consensus goal worth of $72.50.
View Our Newest Report on First American Monetary
First American Monetary Firm Profile
First American Monetary Company, by its subsidiaries, supplies monetary companies. It operates by Title Insurance coverage and Companies, and Dwelling Guarantee segments. The Title Insurance coverage and Companies section points title insurance coverage insurance policies on residential and business property, in addition to presents associated services and products internationally.
Featured Tales
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