First American Financial Co. (NYSE:FAF) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in First American Financial Co. (NYSE:FAF) by 52.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,653 shares of the insurance provider’s stock after acquiring an additional 1,250 shares during the quarter. SG Americas Securities LLC’s holdings in First American Financial were worth $235,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in FAF. Neo Ivy Capital Management lifted its holdings in shares of 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 worth $3,186,000 after purchasing an additional 30,664 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of First American Financial in the 3rd quarter worth approximately $3,988,000. Boston Partners lifted its holdings in shares of First American Financial by 17.6% in the 3rd 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. Vanguard Group Inc. raised its stake in First American Financial by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 10,127,746 shares of the insurance provider’s stock valued at $572,116,000 after acquiring an additional 81,888 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its stake in First American Financial by 92.6% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 35,405 shares of the insurance provider’s stock valued at $2,000,000 after acquiring an additional 17,025 shares in the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

First American Financial Stock Up 2.5 %

Shares of NYSE FAF opened at $56.87 on Friday. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of 27.34 and a beta of 1.28. The stock’s fifty day simple moving average is $58.21 and its 200 day simple moving average is $58.22. First American Financial Co. has a 52-week low of $49.55 and a 52-week high of $65.54.

First American Financial (NYSE:FAF) last issued its quarterly earnings results on Thursday, February 8th. The insurance provider reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). First American Financial had a net margin of 3.61% and a return on equity of 8.27%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the prior year, the firm posted $1.35 EPS. The business’s quarterly revenue was down 15.2% compared to the same quarter last year. As a group, analysts anticipate that First American Financial Co. will post 4.47 earnings per share for the current year.

First American Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 8th were issued a dividend of $0.53 per share. The ex-dividend date was Thursday, March 7th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.73%. First American Financial’s dividend payout ratio is 101.92%.

Analyst Ratings Changes

FAF has been the topic of several recent analyst reports. Stephens reaffirmed an “overweight” rating and set a $73.00 target price on shares of First American Financial in a research note on Thursday, February 8th. Keefe, Bruyette & Woods raised First American Financial from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $66.00 to $69.00 in a research note on Thursday, March 21st. Deutsche Bank Aktiengesellschaft assumed coverage on First American Financial in a report on Wednesday, January 10th. They issued a “buy” rating on the stock. Finally, TheStreet cut First American Financial from a “b-” rating to a “c+” rating in a report on Tuesday, March 12th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.00.

About First American Financial

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.