First American Financial Corp (FAF) Holdings Reduced by Guggenheim Capital LLC

Guggenheim Capital LLC reduced its position in First American Financial Corp (NYSE:FAF) by 54.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 184,982 shares of the insurance provider’s stock after selling 219,107 shares during the quarter. Guggenheim Capital LLC owned about 0.17% of First American Financial worth $10,368,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. QS Investors LLC increased its holdings in First American Financial by 4.0% in the 4th quarter. QS Investors LLC now owns 107,042 shares of the insurance provider’s stock valued at $5,999,000 after buying an additional 4,135 shares during the period. Jefferies Group LLC increased its holdings in First American Financial by 52.4% in the 4th quarter. Jefferies Group LLC now owns 40,177 shares of the insurance provider’s stock valued at $2,252,000 after buying an additional 13,807 shares during the period. Sapphire Star Partners LP grew its holdings in shares of First American Financial by 213.1% during the 4th quarter. Sapphire Star Partners LP now owns 26,147 shares of the insurance provider’s stock valued at $1,465,000 after purchasing an additional 17,795 shares during the last quarter. Profund Advisors LLC grew its holdings in shares of First American Financial by 9.5% during the 4th quarter. Profund Advisors LLC now owns 13,149 shares of the insurance provider’s stock valued at $737,000 after purchasing an additional 1,141 shares during the last quarter. Finally, Scotia Capital Inc. grew its holdings in shares of First American Financial by 4.4% during the 4th quarter. Scotia Capital Inc. now owns 42,193 shares of the insurance provider’s stock valued at $2,365,000 after purchasing an additional 1,791 shares during the last quarter. 84.91% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of First American Financial stock opened at $57.80 on Friday. The stock has a market cap of $6,413.49, a P/E ratio of 16.28, a P/E/G ratio of 1.00 and a beta of 0.79. First American Financial Corp has a 1-year low of $37.80 and a 1-year high of $62.71.

First American Financial (NYSE:FAF) last announced its quarterly earnings results on Thursday, February 8th. The insurance provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.45 billion. First American Financial had a net margin of 7.33% and a return on equity of 13.92%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 EPS. equities analysts predict that First American Financial Corp will post 4.44 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 8th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend was Wednesday, March 7th. First American Financial’s payout ratio is 40.43%.

Several equities research analysts recently issued reports on FAF shares. Zacks Investment Research raised shares of First American Financial from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Thursday, December 28th. ValuEngine raised shares of First American Financial from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Barclays decreased their price target on shares of First American Financial from $75.00 to $70.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Finally, Stephens raised shares of First American Financial from an “equal” rating to a “weight” rating in a report on Monday, January 8th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $57.33.

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First American Financial Profile

First American Financial Corporation, through its subsidiaries, is engaged in the business of providing financial services. The Company operates through the title insurance and services segment, and specialty insurance segment. The title insurance and services segment provides title insurance, closing and/or escrow services and similar or related services domestically and internationally in connection with residential and commercial real estate transactions.

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Institutional Ownership by Quarter for First American Financial (NYSE:FAF)

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