Bank of New York Mellon Corp Buys 25,671 Shares of First American Financial Corporation $FAF

Bank of New York Mellon Corp raised its stake in shares of First American Financial Corporation (NYSE:FAF) by 2.9% in the first quarter, Holdings Channel reports. The institutional investor owned 899,197 shares of the insurance provider’s stock after buying an additional 25,671 shares during the quarter. Bank of New York Mellon Corp’s holdings in First American Financial were worth $54,213,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Duncker Streett & Co. Inc. boosted its stake in First American Financial by 616.4% in the 1st quarter. Duncker Streett & Co. Inc. now owns 437 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 376 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in First American Financial during the 4th quarter valued at about $27,000. Global Retirement Partners LLC increased its stake in First American Financial by 1,107.5% during the 4th quarter. Global Retirement Partners LLC now owns 483 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 443 shares in the last quarter. Danske Bank A S purchased a new position in First American Financial in the third quarter worth about $45,000. Finally, IFP Advisors Inc raised its holdings in First American Financial by 568.8% in the fourth quarter. IFP Advisors Inc now owns 749 shares of the insurance provider’s stock worth $46,000 after buying an additional 637 shares during the last quarter. 89.05% of the stock is owned by institutional investors.

First American Financial Stock Performance

Shares of NYSE:FAF opened at $69.08 on Friday. The firm has a market cap of $7.04 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 0.69 and a beta of 1.23. The business has a 50-day simple moving average of $68.22 and a two-hundred day simple moving average of $65.91. First American Financial Corporation has a fifty-two week low of $56.20 and a fifty-two week high of $73.50.

First American Financial (NYSE:FAF) last announced its quarterly earnings results on Wednesday, July 22nd. The insurance provider reported $2.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.28. First American Financial had a net margin of 9.33% and a return on equity of 13.43%. The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the firm posted $1.53 EPS. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. As a group, research analysts predict that First American Financial Corporation will post 6.74 earnings per share for the current year.

First American Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were issued a $0.55 dividend. The ex-dividend date was Monday, June 8th. This represents a $2.20 annualized dividend and a yield of 3.2%. First American Financial’s dividend payout ratio (DPR) is currently 33.79%.

Insider Transactions at First American Financial

In other First American Financial news, SVP Lisa W. Cornehl sold 5,823 shares of First American Financial stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $68.63, for a total value of $399,632.49. Following the completion of the sale, the senior vice president owned 29,635 shares of the company’s stock, valued at approximately $2,033,850.05. The trade was a 16.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of First American Financial in a research note on Monday. Keefe, Bruyette & Woods decreased their price objective on shares of First American Financial from $87.00 to $84.00 and set an “outperform” rating for the company in a report on Thursday, June 25th. Barclays upped their price objective on First American Financial from $80.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Zacks Research downgraded First American Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Stephens reissued an “overweight” rating and issued a $84.00 target price on shares of First American Financial in a report on Friday, June 12th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.20.

Key First American Financial News

Here are the key news stories impacting First American Financial this week:

• Positive Sentiment: FAF beat second-quarter expectations, reporting $2.08 in EPS versus the $1.80 consensus and revenue of $2.11 billion versus $2.03 billion expected, helped by commercial title strength, higher investment income, and better average revenue per order. Article Title
• Positive Sentiment: Benchmark Co. initiated coverage with a Buy rating and an $85 price target, implying meaningful upside from recent trading levels. Article Title
• Neutral Sentiment: Several transcript and earnings-snapshot articles from Benzinga, Seeking Alpha, and other outlets mainly repeat the same strong quarterly results and conference call details, reinforcing the upbeat but not materially new narrative. Article Title
• Neutral Sentiment: Zacks Research nudged some future EPS estimates higher for 2027 and 2028, but cut its Q1 2027 forecast, leaving the longer-term outlook mixed while maintaining a Hold rating. Article Title

First American Financial Company Profile

First American Financial Corporation is a leading provider of title insurance, settlement services and diversified real estate-related data and analytics. Headquartered in Santa Ana, California, the company serves customers throughout the United States as well as in Canada, Europe, Latin America and Asia. Its business is built on the underwriting capabilities of its title insurance operations combined with comprehensive closing and escrow services for homebuyers, sellers, mortgage lenders and real estate professionals.

The company’s title insurance segment issues policies that protect property owners and mortgage lenders against defects in titles, liens or encumbrances that can arise during real property transactions.