Nisa Investment Advisors LLC Sells 3,465 Shares of First American Financial Co. (NYSE:FAF)

Nisa Investment Advisors LLC decreased its stake in shares of First American Financial Co. (NYSE:FAF) by 18.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 15,533 shares of the insurance provider’s stock after selling 3,465 shares during the quarter. Nisa Investment Advisors LLC’s holdings in First American Financial were worth $1,001,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in First American Financial by 2.1% during the first quarter. Vanguard Group Inc. now owns 12,031,143 shares of the insurance provider’s stock valued at $779,858,000 after acquiring an additional 245,974 shares during the period. BlackRock Inc. increased its position in shares of First American Financial by 3.4% during the first quarter. BlackRock Inc. now owns 9,889,562 shares of the insurance provider’s stock valued at $550,453,000 after purchasing an additional 329,543 shares during the period. State Street Corp raised its stake in shares of First American Financial by 2.9% in the first quarter. State Street Corp now owns 3,193,170 shares of the insurance provider’s stock valued at $206,981,000 after purchasing an additional 90,276 shares in the last quarter. Boston Partners lifted its position in First American Financial by 17.6% in 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 period. Finally, Charles Schwab Investment Management Inc. increased its holdings in First American Financial by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,671,456 shares of the insurance provider’s stock valued at $150,911,000 after buying an additional 72,860 shares during the period. Institutional investors own 89.05% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on FAF shares. Keefe, Bruyette & Woods raised shares of First American Financial from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $66.00 to $69.00 in a report on Thursday, March 21st. Stephens reissued an “overweight” rating and issued a $73.00 target price on shares of First American Financial in a report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft initiated coverage on First American Financial in a research note on Wednesday, January 10th. They issued a “buy” rating on the stock. Finally, TheStreet lowered First American Financial from a “b-” rating to a “c+” rating in a research note on Tuesday, March 12th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $68.00.

First American Financial Price Performance

FAF stock opened at $56.11 on Tuesday. First American Financial Co. has a fifty-two week low of $49.55 and a fifty-two week high of $65.54. The stock has a market capitalization of $5.81 billion, a price-to-earnings ratio of 26.97 and a beta of 1.28. The business has a fifty day moving average price of $58.09 and a 200 day moving average price of $58.22.

First American Financial (NYSE:FAF) last posted its quarterly earnings data 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 8.27%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the business posted $1.35 EPS. The company’s revenue was down 15.2% compared to the same quarter last year. On average, equities analysts expect that First American Financial Co. will post 4.47 earnings per share for the current fiscal year.

First American Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 8th were given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.78%. The ex-dividend date was Thursday, March 7th. First American Financial’s dividend payout ratio (DPR) is presently 101.92%.

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.