Los Angeles Capital Management LLC Sells 280 Shares of First American Financial Co. (NYSE:FAF)

Los Angeles Capital Management LLC lowered its stake in shares of First American Financial Co. (NYSE:FAF) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,082 shares of the insurance provider’s stock after selling 280 shares during the period. Los Angeles Capital Management LLC owned 0.06% of First American Financial worth $4,194,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Commonwealth Equity Services LLC lifted its holdings in First American Financial by 4.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 11,869 shares of the insurance provider’s stock worth $670,000 after purchasing an additional 540 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of First American Financial by 11.6% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 4,122 shares of the insurance provider’s stock worth $233,000 after buying an additional 429 shares in the last quarter. Raymond James & Associates grew its stake in First American Financial by 21.6% during the third quarter. Raymond James & Associates now owns 126,867 shares of the insurance provider’s stock valued at $7,167,000 after acquiring an additional 22,551 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in First American Financial by 14.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,868 shares of the insurance provider’s stock worth $1,122,000 after acquiring an additional 2,517 shares during the period. Finally, Strs Ohio lifted its stake in First American Financial by 7.6% in the 3rd quarter. Strs Ohio now owns 45,157 shares of the insurance provider’s stock worth $2,550,000 after purchasing an additional 3,173 shares in the last quarter. 89.05% of the stock is owned by institutional investors.

First American Financial Trading Up 0.5 %

Shares of First American Financial stock opened at $54.38 on Monday. The firm has a market capitalization of $5.64 billion, a PE ratio of 26.02 and a beta of 1.28. First American Financial Co. has a 12 month low of $49.55 and a 12 month high of $65.54. The business’s 50-day moving average price is $57.10 and its 200-day moving average price is $58.37.

First American Financial (NYSE:FAF) last issued its earnings results on Thursday, April 25th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.22). The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.42 billion. First American Financial had a return on equity of 8.17% and a net margin of 3.64%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 EPS. As a group, analysts predict that First American Financial Co. will post 4.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FAF has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of First American Financial in a report on Wednesday, January 10th. They issued a “buy” rating on the stock. Keefe, Bruyette & Woods raised First American Financial from a “market perform” rating to an “outperform” rating and raised their price target for the company from $66.00 to $69.00 in a report on Thursday, March 21st. Stephens reiterated an “overweight” rating and set a $72.00 price target on shares of First American Financial in a research report on Thursday, April 25th. Finally, TheStreet cut shares of First American Financial from a “b-” rating to a “c+” rating in a research report on Tuesday, March 12th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $67.75.

First American Financial Company Profile

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