Ensemble Capital Administration, an funding administration firm, launched its first quarter 2024 investor letter. A replica of the identical might be downloaded right here. In the course of the quarter, the technique gained 10.48% in comparison with the S&P 500’s 10.56% return. The inventory market rallied by 10.56% in Q1 2024, including to the 11.69% rally in This fall 2023. The technique carried out consistent with the S&P 500 returns this quarter after outperforming final quarter. As well as, please verify the fund’s high 5 holdings to know its greatest picks in 2024.

Ensemble Capital Administration featured shares like First American Monetary Company (NYSE:FAF) within the first quarter 2024 investor letter. Headquartered in Santa Ana, California, First American Monetary Company (NYSE:FAF) gives monetary providers. On April 15, 2024, First American Monetary Company (NYSE:FAF) inventory closed at $56.10 per share. One-month return of First American Monetary Company (NYSE:FAF) was 1.69%, and its shares misplaced 2.67% of their worth during the last 52 weeks. First American Monetary Company (NYSE:FAF) has a market capitalization of $5.81 billion.

Ensemble Capital Administration acknowledged the next relating to First American Monetary Company (NYSE:FAF) in its first quarter 2024 investor letter:

“First American Monetary Company (NYSE:FAF): First American generates most of its earnings energy by facilitating the acquisition of homes. With rates of interest nonetheless a lot larger than they had been just a few years in the past, the variety of housing transactions has fallen to very low ranges, blunting First American’s earnings and inflicting weak inventory value efficiency. However we’re lastly seeing indicators of a pickup in housing transactions, and we stay assured within the mission vital function the corporate performs in facilitating the all-important housing trade.”

A contemporary workplace tower overlooking a metropolis skyline, illustrating the facility of its monetary providers division.

First American Monetary Company (NYSE:FAF) just isn’t on our listing of 30 Most Common Shares Amongst Hedge Funds. On the finish of the fourth quarter, First American Monetary Company (NYSE:FAF) was held by 30 hedge fund portfolios, in comparison with 25 within the earlier quarter, in line with our database.

Sumitomo Mitsui Belief Holdings Inc. minimize its holdings in American Monetary Group, Inc. (NYSE:AFG – Free Report) by 0.2% throughout the 4th quarter, in line with its most up-to-date disclosure with the SEC. The institutional investor owned 167,263 shares of the insurance coverage supplier’s inventory after promoting 262 shares throughout the interval. Sumitomo Mitsui Belief Holdings Inc. owned roughly 0.20% of American Monetary Group price $19,886,000 as of its most up-to-date submitting with the SEC.
A number of different institutional traders and hedge funds have additionally modified their holdings of AFG. FMR LLC grew its stake in shares of American Monetary Group by 16.1% within the third quarter. FMR LLC now owns 4,710,065 shares of the insurance coverage supplier’s inventory valued at $525,973,000 after buying a further 654,442 shares within the final quarter. Bahl & Gaynor Inc. grew its stake in American Monetary Group by 447.1% throughout the third quarter. Bahl & Gaynor Inc. now owns 259,491 shares of the insurance coverage supplier’s inventory price $28,977,000 after shopping for a further 212,057 shares within the final quarter. Boston Belief Walden Corp grew its stake in American Monetary Group by 51.8% throughout the third quarter. Boston Belief Walden Corp now owns 398,057 shares of the insurance coverage supplier’s inventory price $44,451,000 after shopping for a further 135,767 shares within the final quarter. Assenagon Asset Administration S.A. grew its stake in American Monetary Group by 1,804.5% throughout the fourth quarter. Assenagon Asset Administration S.A. now owns 96,652 shares of the insurance coverage supplier’s inventory price $11,491,000 after shopping for a further 91,577 shares within the final quarter. Lastly, Vanguard Group Inc. grew its stake in American Monetary Group by 1.0% throughout the third quarter. Vanguard Group Inc. now owns 8,288,375 shares of the insurance coverage supplier’s inventory price $925,563,000 after shopping for a further 81,293 shares within the final quarter. 64.37% of the inventory is at the moment owned by institutional traders and hedge funds.

Analyst Upgrades and Downgrades
Plenty of analysis corporations have lately weighed in on AFG. Citigroup raised their worth goal on shares of American Monetary Group from $139.00 to $150.00 and gave the corporate a “purchase” score in a analysis notice on Monday, March twenty fifth. Piper Sandler reiterated a “impartial” score and issued a $129.00 worth goal on shares of American Monetary Group in a report on Monday, April 1st. Three funding analysts have rated the inventory with a maintain score and two have given a purchase score to the corporate’s inventory. Based mostly on information from MarketBeat, the corporate has a consensus score of “Maintain” and a consensus worth goal of $133.50.

View Our Newest Inventory Evaluation on American Monetary Group

Insider Transactions at American Monetary Group
In different information, SVP Michelle A. Gillis offered 5,176 shares of the enterprise’s inventory in a transaction that occurred on Thursday, February eighth. The shares had been offered at a median worth of $121.00, for a complete worth of $626,296.00. Following the transaction, the senior vice chairman now owns 45,372 shares within the firm, valued at roughly $5,490,012. The sale was disclosed in a submitting with the Securities & Change Fee, which might be accessed by way of the SEC web site. In different information, SVP Michelle A. Gillis offered 2,053 shares of the enterprise’s inventory in a transaction that occurred on Friday, March 1st. The shares had been offered at a median worth of $126.81, for a complete worth of $260,340.93. Following the transaction, the senior vice chairman now owns 48,554 shares within the firm, valued at roughly $6,157,132.74. The sale was disclosed in a submitting with the Securities & Change Fee, which might be accessed by way of the SEC web site. Additionally, SVP Michelle A. Gillis offered 5,176 shares of the enterprise’s inventory in a transaction that occurred on Thursday, February eighth. The inventory was offered at a median worth of $121.00, for a complete transaction of $626,296.00. Following the completion of the transaction, the senior vice chairman now owns 45,372 shares within the firm, valued at roughly $5,490,012. The disclosure for this sale might be discovered right here. Within the final 90 days, insiders have offered 14,843 shares of firm inventory price $1,854,746. Firm insiders personal 14.50% of the corporate’s inventory.

American Monetary Group Inventory Up 0.8 %
NYSE:AFG opened at $128.83 on Tuesday. The agency’s 50 day easy transferring common is $129.18 and its 200 day easy transferring common is $120.13. The corporate has a debt-to-equity ratio of 0.35, a present ratio of 0.47 and a fast ratio of 0.47. American Monetary Group, Inc. has a one 12 months low of $105.22 and a one 12 months excessive of $137.71. The corporate has a market cap of $10.80 billion, a PE ratio of 12.82 and a beta of 0.79.

American Monetary Group (NYSE:AFG – Get Free Report) final posted its earnings outcomes on Wednesday, February seventh. The insurance coverage supplier reported $2.84 EPS for the quarter, topping the consensus estimate of $2.81 by $0.03. American Monetary Group had a web margin of 10.89% and a return on fairness of twenty-two.14%. The enterprise had income of $1.73 billion for the quarter, in comparison with the consensus estimate of $1.67 billion. Throughout the identical interval final 12 months, the corporate earned $2.99 EPS. The agency’s income was up 6.7% in comparison with the identical quarter final 12 months. On common, analysis analysts anticipate that American Monetary Group, Inc. will submit 10.99 earnings per share for the present 12 months.

American Monetary Group Pronounces Dividend
The corporate additionally lately declared a quarterly dividend, which can be paid on Thursday, April twenty fifth. Stockholders of document on Monday, April fifteenth can be given a $0.71 dividend. The ex-dividend date of this dividend is Friday, April twelfth. This represents a $2.84 dividend on an annualized foundation and a dividend yield of two.20%. American Monetary Group’s dividend payout ratio (DPR) is at the moment 28.26%.

American Monetary Group Firm Profile
(Free Report)

American Monetary Group, Inc, an insurance coverage holding firm, offers specialty property and casualty insurance coverage merchandise in america. The corporate provides property and transportation insurance coverage merchandise, resembling bodily harm and legal responsibility protection for buses and vehicles, inland and ocean marine, agricultural-related merchandise, and different industrial property and specialty transportation coverages; specialty casualty insurance coverage, together with primarily extra and surplus, government {and professional} legal responsibility, normal legal responsibility, umbrella and extra legal responsibility, and specialty protection in focused markets, in addition to personalized packages for small to mid-sized companies and staff’ compensation insurance coverage; and specialty monetary insurance coverage merchandise comprising threat administration insurance coverage packages for lending and leasing establishments, constancy and surety merchandise, and commerce credit score insurance coverage.

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Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)

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First American Monetary Co. (NYSE:FAF – Get Free Report) has earned a consensus score of “Average Purchase” from the six brokerages which are presently protecting the inventory, MarketBeat reviews. Two analysts have rated the inventory with a maintain advice and 4 have assigned a purchase advice to the corporate. The typical twelve-month goal value amongst brokers which have coated the inventory within the final 12 months is $68.00.
A number of brokerages lately commented on FAF. Deutsche Financial institution Aktiengesellschaft initiated protection on shares of First American Monetary in a analysis notice on Wednesday, January tenth. They set a “purchase” score on the inventory. TheStreet minimize First American Monetary from a “b-” score to a “c+” score in a analysis report on Tuesday, March twelfth. Stephens reaffirmed an “chubby” score and set a $73.00 value goal on shares of First American Monetary in a analysis report on Thursday, February eighth. Lastly, Keefe, Bruyette & Woods raised First American Monetary from a “market carry out” score to an “outperform” score and elevated their value goal for the corporate from $66.00 to $69.00 in a report on Thursday, March twenty first.

Learn Our Newest Report on First American Monetary

First American Monetary Inventory Efficiency

NYSE:FAF opened at $57.09 on Tuesday. First American Monetary has a 1 12 months low of $49.55 and a 1 12 months excessive of $65.54. The inventory has a market cap of $5.91 billion, a P/E ratio of 27.45 and a beta of 1.28. The inventory has a 50-day easy transferring common of $57.73 and a 200-day easy transferring common of $58.27.

First American Monetary (NYSE:FAF – Get Free Report) final introduced its quarterly earnings outcomes on Thursday, February eighth. The insurance coverage supplier reported $0.69 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $0.75 by ($0.06). The enterprise had income of $1.43 billion throughout the quarter, in comparison with analyst estimates of $1.47 billion. First American Monetary had a web margin of three.61% and a return on fairness of 8.27%. The enterprise’s income for the quarter was down 15.2% in comparison with the identical quarter final 12 months. Throughout the identical interval final 12 months, the corporate earned $1.35 earnings per share. On common, equities analysis analysts predict that First American Monetary will submit 4.29 EPS for the present 12 months.

First American Monetary Declares Dividend
The enterprise additionally lately introduced a quarterly dividend, which was paid on Friday, March fifteenth. Shareholders of document on Friday, March eighth have been paid a $0.53 dividend. The ex-dividend date was Thursday, March seventh. This represents a $2.12 annualized dividend and a dividend yield of three.71%. First American Monetary’s dividend payout ratio (DPR) is presently 101.92%.

Institutional Buyers Weigh In On First American Monetary
A number of hedge funds have lately modified their holdings of FAF. Wealth Enhancement Advisory Providers LLC raised its place in First American Monetary by 1.9% throughout the 1st quarter. Wealth Enhancement Advisory Providers LLC now owns 10,327 shares of the insurance coverage supplier’s inventory value $630,000 after shopping for an extra 193 shares over the last quarter. Treasurer of the State of North Carolina raised its holdings in First American Monetary by 0.5% throughout the third quarter. Treasurer of the State of North Carolina now owns 44,007 shares of the insurance coverage supplier’s inventory value $2,486,000 after buying an extra 220 shares within the final quarter. J.P. Morgan Personal Wealth Advisors LLC boosted its holdings in First American Monetary by 3.0% within the third quarter. J.P. Morgan Personal Wealth Advisors LLC now owns 7,910 shares of the insurance coverage supplier’s inventory valued at $447,000 after buying an extra 227 shares within the final quarter. State Board of Administration of Florida Retirement System elevated its place in First American Monetary by 0.3% throughout the third quarter. State Board of Administration of Florida Retirement System now owns 117,044 shares of the insurance coverage supplier’s inventory value $6,612,000 after buying an extra 308 shares throughout the interval. Lastly, Advisors Capital Administration LLC boosted its stake in shares of First American Monetary by 0.6% within the third quarter. Advisors Capital Administration LLC now owns 55,462 shares of the insurance coverage supplier’s inventory valued at $3,133,000 after shopping for an extra 311 shares within the final quarter. 89.05% of the inventory is owned by institutional traders and hedge funds.

About First American Monetary
(Get Free Report

First American Monetary Company, via its subsidiaries, supplies monetary companies. It operates via Title Insurance coverage and Providers, and Dwelling Guarantee segments. The Title Insurance coverage and Providers section points title insurance coverage insurance policies on residential and industrial property, in addition to affords associated services and products internationally.

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Analyst Recommendations for First American Financial (NYSE:FAF)

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