Retirement Systems of Alabama Has $7.27 Million Holdings in First American Financial Co. (NYSE:FAF)

Retirement Systems of Alabama lessened its holdings in shares of First American Financial Co. (NYSE:FAFFree Report) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 128,714 shares of the insurance provider’s stock after selling 4,298 shares during the quarter. Retirement Systems of Alabama owned 0.12% of First American Financial worth $7,271,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Oxler Private Wealth LLC grew its holdings in First American Financial by 0.9% during the second quarter. Oxler Private Wealth LLC now owns 17,359 shares of the insurance provider’s stock worth $990,000 after purchasing an additional 161 shares during the period. Commonwealth Equity Services LLC grew its holdings in First American Financial by 1.5% during the second quarter. Commonwealth Equity Services LLC now owns 11,329 shares of the insurance provider’s stock worth $646,000 after purchasing an additional 171 shares during the period. Captrust Financial Advisors grew its holdings in First American Financial by 2.4% during the first quarter. Captrust Financial Advisors now owns 7,282 shares of the insurance provider’s stock worth $472,000 after purchasing an additional 174 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in First American Financial by 7.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,725 shares of the insurance provider’s stock worth $241,000 after purchasing an additional 247 shares during the period. Finally, First Republic Investment Management Inc. grew its holdings in First American Financial by 3.5% during the first quarter. First Republic Investment Management Inc. now owns 7,366 shares of the insurance provider’s stock worth $477,000 after purchasing an additional 247 shares during the period. Institutional investors and hedge funds own 85.53% of the company’s stock.

First American Financial Trading Down 1.5 %

NYSE FAF opened at $60.35 on Thursday. First American Financial Co. has a 1-year low of $49.55 and a 1-year high of $65.54. The company has a 50 day moving average of $61.83 and a 200-day moving average of $59.15. The company has a market cap of $6.23 billion, a price-to-earnings ratio of 26.59 and a beta of 1.31.

First American Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 8th were given a $0.53 dividend. The ex-dividend date was Thursday, December 7th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.51%. First American Financial’s payout ratio is 93.39%.

Insider Activity

In other news, CAO Steven A. Adams sold 1,800 shares of First American Financial stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $56.20, for a total value of $101,160.00. Following the completion of the sale, the chief accounting officer now directly owns 7,487 shares in the company, valued at $420,769.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Stephens reiterated an “overweight” rating and set a $72.00 price target on shares of First American Financial in a report on Wednesday, October 11th. Keefe, Bruyette & Woods raised their price objective on shares of First American Financial from $62.00 to $70.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 13th. Deutsche Bank Aktiengesellschaft began coverage on shares of First American Financial in a research report on Wednesday, January 10th. They set a “buy” rating for the company. Barclays began coverage on shares of First American Financial in a research report on Wednesday, November 15th. They set an “equal weight” rating and a $53.00 price objective for the company. Finally, StockNews.com downgraded shares of First American Financial from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, First American Financial presently has an average rating of “Hold” and an average price target of $68.00.

View Our Latest Research Report on FAF

First American Financial Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding FAF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First American Financial Co. (NYSE:FAFFree Report).

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

Receive News & Ratings for First American Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First American Financial and related companies with MarketBeat.com's FREE daily email newsletter.