Swiss National Bank Raises Holdings in First American Financial Co. (NYSE:FAF)

Swiss National Bank raised its stake in First American Financial Co. (NYSE:FAFFree Report) by 0.9% during the third quarter, Holdings Channel.com reports. The firm owned 226,900 shares of the insurance provider’s stock after purchasing an additional 2,000 shares during the quarter. Swiss National Bank’s holdings in First American Financial were worth $12,818,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FAF. Raymond James & Associates raised its position in First American Financial by 4.6% in the 1st quarter. Raymond James & Associates now owns 62,727 shares of the insurance provider’s stock valued at $4,066,000 after purchasing an additional 2,765 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of First American Financial by 2.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,501 shares of the insurance provider’s stock valued at $681,000 after acquiring an additional 294 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of First American Financial by 19.7% in the 1st quarter. American Century Companies Inc. now owns 28,814 shares of the insurance provider’s stock valued at $1,868,000 after acquiring an additional 4,736 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of First American Financial by 7.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,725 shares of the insurance provider’s stock valued at $241,000 after acquiring an additional 247 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of First American Financial by 3.3% in the 1st quarter. BlackRock Inc. now owns 9,629,986 shares of the insurance provider’s stock valued at $624,215,000 after acquiring an additional 303,214 shares during the last quarter. Institutional investors and hedge funds own 85.53% of the company’s stock.

First American Financial Stock Up 2.1 %

NYSE:FAF opened at $60.23 on Tuesday. The stock’s 50 day moving average price is $61.89 and its 200 day moving average price is $59.17. First American Financial Co. has a 52-week low of $49.55 and a 52-week high of $65.54. The company has a market capitalization of $6.21 billion, a PE ratio of 28.96 and a beta of 1.29.

First American Financial (NYSE:FAFGet Free Report) last announced its earnings results on Thursday, February 8th. The insurance provider reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.06). First American Financial had a net margin of 3.61% and a return on equity of 8.28%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the business posted $1.35 earnings per share. The company’s revenue for the quarter was down 15.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that First American Financial Co. will post 5.07 EPS for the current fiscal year.

First American Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 8th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $2.12 annualized dividend and a dividend yield of 3.52%. First American Financial’s dividend payout ratio (DPR) is currently 101.92%.

Analyst Upgrades and Downgrades

FAF has been the topic of a number of recent analyst reports. Barclays initiated coverage on First American Financial in a report on Wednesday, November 15th. They issued an “equal weight” rating and a $53.00 price objective on the stock. Stephens reiterated an “overweight” rating and issued a $73.00 price objective on shares of First American Financial in a report on Thursday, February 8th. TheStreet upgraded First American Financial from a “c” rating to a “b” rating in a report on Wednesday, February 7th. StockNews.com downgraded First American Financial from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Finally, Keefe, Bruyette & Woods dropped their price target on First American Financial from $70.00 to $66.00 and set a “market perform” rating on the stock in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $67.25.

Get Our Latest Stock Analysis on First American Financial

Insider Buying and Selling at First American Financial

In other First American Financial news, CAO Steven A. Adams sold 1,800 shares of First American Financial stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $56.20, for a total value of $101,160.00. Following the transaction, the chief accounting officer now directly owns 7,487 shares in the company, valued at approximately $420,769.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.60% of the company’s stock.

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.

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

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