ST Germain D J Co. Inc. Raises Stock Position in First American Financial Co. (NYSE:FAF)

ST Germain D J Co. Inc. grew its position in First American Financial Co. (NYSE:FAFFree Report) by 0.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 212,494 shares of the insurance provider’s stock after purchasing an additional 1,631 shares during the period. ST Germain D J Co. Inc.’s holdings in First American Financial were worth $12,973,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Treasurer of the State of North Carolina grew its position in First American Financial by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 44,007 shares of the insurance provider’s stock worth $2,486,000 after acquiring an additional 220 shares during the period. J.P. Morgan Private Wealth Advisors LLC raised its holdings in shares of First American Financial by 3.0% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 7,910 shares of the insurance provider’s stock valued at $447,000 after buying an additional 227 shares during the period. Advisors Capital Management LLC lifted its stake in First American Financial by 0.6% during the 3rd quarter. Advisors Capital Management LLC now owns 55,462 shares of the insurance provider’s stock worth $3,133,000 after acquiring an additional 311 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new position in First American Financial in the 4th quarter valued at about $26,000. Finally, Retirement Systems of Alabama boosted its stake in shares of First American Financial by 0.4% in the fourth quarter. Retirement Systems of Alabama now owns 129,229 shares of the insurance provider’s stock valued at $8,328,000 after purchasing an additional 515 shares during the period. Institutional investors and hedge funds own 89.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on FAF. Keefe, Bruyette & Woods upgraded shares of First American Financial from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $66.00 to $69.00 in a research note on Thursday, March 21st. TheStreet downgraded shares of First American Financial from a “b-” rating to a “c+” rating in a research report on Tuesday, March 12th. Finally, Stephens restated an “overweight” rating and set a $72.00 price objective on shares of First American Financial in a research report on Thursday, April 25th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.75.

View Our Latest Analysis on FAF

First American Financial Price Performance

Shares of FAF traded down $0.49 during mid-day trading on Tuesday, reaching $53.12. 561,207 shares of the company’s stock were exchanged, compared to its average volume of 649,839. The business’s fifty day simple moving average is $55.30 and its 200-day simple moving average is $58.48. First American Financial Co. has a 52-week low of $49.55 and a 52-week high of $65.54. The stock has a market capitalization of $5.51 billion, a PE ratio of 25.55 and a beta of 1.28.

First American Financial (NYSE:FAFGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The insurance provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.22). First American Financial had a net margin of 3.64% and a return on equity of 8.17%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the firm posted $0.49 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research analysts predict that First American Financial Co. will post 3.97 earnings per share for the current year.

First American Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were paid a $0.53 dividend. The ex-dividend date was Monday, June 10th. This represents a $2.12 annualized dividend and a dividend yield of 3.99%. First American Financial’s dividend payout ratio (DPR) is currently 101.44%.

About First American Financial

(Free Report)

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.

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

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