First American Trust FSB lifted its position in First American Financial Corp (NYSE:FAF) by 59.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,429 shares of the insurance provider’s stock after purchasing an additional 18,830 shares during the period. First American Trust FSB’s holdings in First American Financial were worth $2,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its holdings in First American Financial by 5.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 102,303 shares of the insurance provider’s stock worth $5,286,000 after acquiring an additional 5,681 shares in the last quarter. Renaissance Technologies LLC increased its holdings in First American Financial by 8.5% in the 2nd quarter. Renaissance Technologies LLC now owns 415,400 shares of the insurance provider’s stock worth $21,484,000 after acquiring an additional 32,400 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in First American Financial by 3.3% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 43,259 shares of the insurance provider’s stock worth $2,237,000 after acquiring an additional 1,381 shares in the last quarter. OppenheimerFunds Inc. increased its holdings in First American Financial by 5.2% in the 2nd quarter. OppenheimerFunds Inc. now owns 31,783 shares of the insurance provider’s stock worth $1,644,000 after acquiring an additional 1,576 shares in the last quarter. Finally, Voya Investment Management LLC increased its holdings in First American Financial by 13.1% in the 2nd quarter. Voya Investment Management LLC now owns 212,811 shares of the insurance provider’s stock worth $11,007,000 after acquiring an additional 24,579 shares in the last quarter. Hedge funds and other institutional investors own 84.48% of the company’s stock.
A number of equities research analysts have recently issued reports on FAF shares. Zacks Investment Research lowered shares of First American Financial from a “hold” rating to a “sell” rating in a report on Friday, January 4th. ValuEngine cut shares of First American Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $57.50.
Shares of FAF stock traded down $0.49 on Friday, hitting $47.09. 30,239 shares of the stock traded hands, compared to its average volume of 736,935. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 0.94 and a beta of 0.84. First American Financial Corp has a twelve month low of $41.96 and a twelve month high of $62.71.
First American Financial (NYSE:FAF) last posted its earnings results on Thursday, October 25th. The insurance provider reported $1.26 EPS for the quarter, missing the Zacks’ consensus estimate of $1.28 by ($0.02). First American Financial had a net margin of 10.39% and a return on equity of 13.68%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. On average, analysts expect that First American Financial Corp will post 4.5 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 17th. Shareholders of record on Monday, December 10th were given a $0.42 dividend. The ex-dividend date of this dividend was Friday, December 7th. This represents a $1.68 dividend on an annualized basis and a yield of 3.57%. First American Financial’s payout ratio is currently 61.09%.
First American Financial Profile
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.
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