First American Financial Co. (NYSE:FAF) Stock Holdings Trimmed by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its position in shares of First American Financial Co. (NYSE:FAF) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,814 shares of the insurance provider’s stock after selling 3,255 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of First American Financial worth $4,112,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its stake in First American Financial by 1.5% during the second quarter. Commonwealth Equity Services LLC now owns 11,329 shares of the insurance provider’s stock valued at $646,000 after purchasing an additional 171 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of First American Financial by 2.4% in the 1st quarter. Captrust Financial Advisors now owns 7,282 shares of the insurance provider’s stock valued at $472,000 after buying an additional 174 shares during the period. Treasurer of the State of North Carolina grew its position in shares of First American Financial by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 44,007 shares of the insurance provider’s stock valued at $2,486,000 after buying an additional 220 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC raised its stake in First American Financial by 3.0% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 7,910 shares of the insurance provider’s stock worth $447,000 after acquiring an additional 227 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its stake in First American Financial by 7.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,725 shares of the insurance provider’s stock worth $241,000 after acquiring an additional 247 shares during the period. Institutional investors and hedge funds own 89.05% of the company’s stock.

Analyst Upgrades and Downgrades

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

First American Financial Price Performance

Shares of First American Financial stock opened at $55.11 on Wednesday. First American Financial Co. has a 1-year low of $49.55 and a 1-year high of $65.54. The business’s fifty day moving average price is $58.01 and its two-hundred day moving average price is $58.21. The company has a market capitalization of $5.71 billion, a P/E ratio of 26.50 and a beta of 1.28.

First American Financial (NYSE:FAF) last issued its quarterly earnings data 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). The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.47 billion. First American Financial had a net margin of 3.61% and a return on equity of 8.27%. First American Financial’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.35 earnings per share. On average, research 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. Stockholders of record on Friday, March 8th were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend was Thursday, March 7th. First American Financial’s dividend payout ratio (DPR) is presently 101.92%.

First American Financial Profile

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.