First American Financial Corporation $FAF Shares Bought by Strs Ohio

Strs Ohio raised its position in shares of First American Financial Corporation (NYSE:FAF) by 1,287.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,327 shares of the insurance provider’s stock after purchasing an additional 29,997 shares during the quarter. Strs Ohio’s holdings in First American Financial were worth $1,949,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FAF. Naples Global Advisors LLC raised its stake in shares of First American Financial by 2.4% in the fourth quarter. Naples Global Advisors LLC now owns 7,500 shares of the insurance provider’s stock worth $461,000 after purchasing an additional 175 shares during the last quarter. Inscription Capital LLC increased its holdings in First American Financial by 2.4% in the 4th quarter. Inscription Capital LLC now owns 7,639 shares of the insurance provider’s stock worth $469,000 after buying an additional 181 shares during the period. Danske Bank A S increased its holdings in First American Financial by 28.6% in the 4th quarter. Danske Bank A S now owns 900 shares of the insurance provider’s stock worth $55,000 after buying an additional 200 shares during the period. Quarry LP raised its position in First American Financial by 14.0% during the 4th quarter. Quarry LP now owns 1,658 shares of the insurance provider’s stock worth $102,000 after buying an additional 203 shares during the last quarter. Finally, Advisors Capital Management LLC increased its stake in shares of First American Financial by 0.3% in the fourth quarter. Advisors Capital Management LLC now owns 68,189 shares of the insurance provider’s stock worth $4,190,000 after acquiring an additional 211 shares during the period. 89.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FAF has been the subject of a number of research reports. Barclays restated an “overweight” rating on shares of First American Financial in a research report on Tuesday. Stephens restated an “overweight” rating and issued a $84.00 target price on shares of First American Financial in a research note on Friday, June 12th. Zacks Research lowered First American Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Wall Street Zen cut First American Financial from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Keefe, Bruyette & Woods dropped their price target on shares of First American Financial from $87.00 to $84.00 and set an “outperform” rating on the stock in a research report on Thursday, June 25th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.25.

First American Financial Stock Performance

Shares of FAF traded up $1.60 during trading hours on Tuesday, hitting $71.69. 49,170 shares of the stock were exchanged, compared to its average volume of 1,033,001. First American Financial Corporation has a 12-month low of $53.09 and a 12-month high of $71.80. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 0.68 and a beta of 1.23. The stock’s 50-day moving average price is $67.89 and its two-hundred day moving average price is $65.12.

First American Financial (NYSE:FAF) last released its earnings results on Wednesday, April 22nd. The insurance provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.27. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.80 billion. First American Financial had a net margin of 8.73% and a return on equity of 12.58%. The business’s revenue was up 16.2% on a year-over-year basis. During the same period last year, the company posted $0.84 EPS. On average, research analysts expect that First American Financial Corporation will post 6.75 earnings per share for the current year.

First American Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 8th were given a dividend of $0.55 per share. The ex-dividend date was Monday, June 8th. This represents a $2.20 dividend on an annualized basis and a yield of 3.1%. First American Financial’s dividend payout ratio (DPR) is presently 33.79%.

Insider Buying and Selling

In other First American Financial news, Director Margaret M. Mccarthy sold 6,630 shares of the business’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $70.59, for a total transaction of $468,011.70. Following the transaction, the director owned 24,024 shares of the company’s stock, valued at approximately $1,695,854.16. The trade was a 21.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Lisa W. Cornehl sold 5,823 shares of the company’s stock in a transaction 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 ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 3.50% of the company’s stock.

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.