Fmr LLC Raises Position in First American Financial Corp (FAF)

Fmr LLC increased its stake in shares of First American Financial Corp (NYSE:FAF) by 10.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,658,550 shares of the insurance provider’s stock after buying an additional 714,586 shares during the period. Fmr LLC owned 6.85% of First American Financial worth $395,105,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. First Midwest Bank Trust Division lifted its position in First American Financial by 13.2% during the 2nd quarter. First Midwest Bank Trust Division now owns 7,925 shares of the insurance provider’s stock worth $410,000 after buying an additional 922 shares in the last quarter. MetLife Investment Advisors LLC lifted its position in First American Financial by 1.5% during the 2nd quarter. MetLife Investment Advisors LLC now owns 70,106 shares of the insurance provider’s stock worth $3,626,000 after buying an additional 1,010 shares in the last quarter. Chicago Equity Partners LLC lifted its position in First American Financial by 1.2% during the 3rd quarter. Chicago Equity Partners LLC now owns 89,860 shares of the insurance provider’s stock worth $4,636,000 after buying an additional 1,105 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in First American Financial by 3.3% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 43,259 shares of the insurance provider’s stock worth $2,237,000 after buying an additional 1,381 shares in the last quarter. Finally, Foster & Motley Inc. lifted its position in First American Financial by 3.8% during the 3rd quarter. Foster & Motley Inc. now owns 39,747 shares of the insurance provider’s stock worth $2,051,000 after buying an additional 1,449 shares in the last quarter. Institutional investors and hedge funds own 82.58% of the company’s stock.

First American Financial stock opened at $48.24 on Friday. First American Financial Corp has a 1 year low of $41.96 and a 1 year high of $62.71. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 11.32, a price-to-earnings-growth ratio of 0.98 and a beta of 0.84.

First American Financial (NYSE:FAF) last released its earnings results on Thursday, October 25th. The insurance provider reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. Equities research analysts anticipate that First American Financial Corp will post 4.5 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 10th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, December 7th. This represents a $1.68 dividend on an annualized basis and a yield of 3.48%. First American Financial’s payout ratio is presently 61.09%.

Several research analysts recently issued reports on FAF shares. Zacks Investment Research downgraded shares of First American Financial from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. ValuEngine downgraded shares of First American Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. First American Financial presently has an average rating of “Hold” and an average target price of $57.50.

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About First American Financial

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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