Yousif Capital Management LLC lowered its position in shares of First American Financial Co. (NYSE:FAF – Free Report) by 2.2% during the first quarter, HoldingsChannel.com reports. The fund owned 37,860 shares of the insurance provider’s stock after selling 861 shares during the quarter. Yousif Capital Management LLC’s holdings in First American Financial were worth $2,485,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Parkside Financial Bank & Trust boosted its position in shares of First American Financial by 14.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,340 shares of the insurance provider’s stock valued at $84,000 after purchasing an additional 173 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of First American Financial by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 3,247 shares of the insurance provider’s stock worth $203,000 after buying an additional 179 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of First American Financial by 18.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,510 shares of the insurance provider’s stock worth $94,000 after buying an additional 230 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of First American Financial by 0.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 84,344 shares of the insurance provider’s stock worth $5,266,000 after buying an additional 230 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in shares of First American Financial by 57.6% in the 4th quarter. Jones Financial Companies Lllp now owns 670 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 245 shares in the last quarter. 89.05% of the stock is currently owned by institutional investors and hedge funds.
First American Financial Stock Down 1.3%
Shares of FAF opened at $58.97 on Friday. The stock has a market cap of $6.07 billion, a P/E ratio of 47.18 and a beta of 1.22. The business’s fifty day moving average is $58.80 and its 200 day moving average is $62.08. First American Financial Co. has a 12-month low of $52.39 and a 12-month high of $70.92.
First American Financial Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $2.16 dividend on an annualized basis and a yield of 3.66%. First American Financial’s dividend payout ratio (DPR) is currently 143.05%.
Analysts Set New Price Targets
FAF has been the topic of several research analyst reports. Barclays increased their target price on shares of First American Financial from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Friday, April 25th. Keefe, Bruyette & Woods increased their price objective on shares of First American Financial from $75.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. Finally, Wall Street Zen lowered First American Financial from a “buy” rating to a “hold” rating in a research report on Friday, June 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.00.
Check Out Our Latest Analysis on FAF
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.
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