Amalgamated Bank Has $4.62 Million Stock Position in First American Financial Co. (NYSE:FAF)

Amalgamated Bank increased its holdings in shares of First American Financial Co. (NYSE:FAF) by 1.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 71,680 shares of the insurance provider’s stock after acquiring an additional 1,274 shares during the quarter. Amalgamated Bank’s holdings in First American Financial were worth $4,619,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bar Harbor Wealth Management bought a new position in First American Financial during the 4th quarter worth about $2,673,000. Neo Ivy Capital Management raised its position in First American Financial by 119.2% in the 3rd quarter. Neo Ivy Capital Management now owns 56,392 shares of the insurance provider’s stock valued at $3,186,000 after buying an additional 30,664 shares during the last quarter. Duality Advisers LP bought a new position in shares of First American Financial during the 4th quarter worth approximately $1,563,000. Qube Research & Technologies Ltd acquired a new stake in shares of First American Financial in the third quarter valued at approximately $3,988,000. Finally, Boston Partners boosted its holdings in First American Financial by 17.6% during the third quarter. Boston Partners now owns 3,169,320 shares of the insurance provider’s stock worth $178,994,000 after purchasing an additional 473,961 shares during the last quarter. 89.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

First American Financial Stock Down 0.1 %

FAF opened at $54.86 on Wednesday. First American Financial Co. has a twelve month low of $49.55 and a twelve month high of $65.54. The company has a 50-day simple moving average of $57.00 and a 200 day simple moving average of $58.43. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 26.25 and a beta of 1.28.

First American Financial (NYSE:FAF) last released its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.22). First American Financial had a return on equity of 8.17% and a net margin of 3.64%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the firm posted $0.49 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. Sell-side analysts anticipate that First American Financial Co. will post 4.28 EPS for the current fiscal year.

First American Financial 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.