First American Financial Co. (NYSE:FAF) Holdings Trimmed by CENTRAL TRUST Co

CENTRAL TRUST Co lowered its position in shares of First American Financial Co. (NYSE:FAFGet Rating) by 44.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 2,585 shares of the insurance provider’s stock after selling 2,069 shares during the period. CENTRAL TRUST Co’s holdings in First American Financial were worth $168,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. HG Vora Capital Management LLC boosted its stake in First American Financial by 8.4% during the fourth quarter. HG Vora Capital Management LLC now owns 10,300,000 shares of the insurance provider’s stock valued at $805,769,000 after buying an additional 800,000 shares in the last quarter. State Street Corp boosted its position in shares of First American Financial by 2.3% in the 4th quarter. State Street Corp now owns 3,102,894 shares of the insurance provider’s stock valued at $242,739,000 after purchasing an additional 68,969 shares during the period. D. E. Shaw & Co. Inc. boosted its position in shares of First American Financial by 56.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,751,230 shares of the insurance provider’s stock valued at $136,999,000 after purchasing an additional 634,833 shares during the period. Victory Capital Management Inc. boosted its position in shares of First American Financial by 21.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,210,488 shares of the insurance provider’s stock valued at $94,696,000 after purchasing an additional 212,653 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of First American Financial by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 926,809 shares of the insurance provider’s stock valued at $72,505,000 after purchasing an additional 13,302 shares during the period. Institutional investors own 84.95% of the company’s stock.

First American Financial Trading Up 0.7 %

Shares of First American Financial stock opened at $56.10 on Tuesday. First American Financial Co. has a 1 year low of $48.81 and a 1 year high of $81.54. The stock has a 50-day moving average price of $55.70 and a 200 day moving average price of $62.98. The company has a market cap of $6.03 billion, a P/E ratio of 5.65 and a beta of 1.22.

First American Financial (NYSE:FAFGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The insurance provider reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.04). First American Financial had a return on equity of 15.61% and a net margin of 11.98%. The firm had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.97 billion. On average, equities analysts forecast that First American Financial Co. will post 6.21 earnings per share for the current fiscal year.

First American Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 8th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend was Tuesday, June 7th. First American Financial’s dividend payout ratio (DPR) is presently 20.54%.

Insider Transactions at First American Financial

In related news, COO Christopher Michael Leavell sold 39,206 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $59.61, for a total value of $2,337,069.66. Following the transaction, the chief operating officer now directly owns 166,465 shares of the company’s stock, valued at approximately $9,922,978.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. StockNews.com assumed coverage on First American Financial in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Credit Suisse Group lowered First American Financial from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $97.00 to $74.00 in a research report on Friday, April 1st. BTIG Research decreased their price target on First American Financial from $81.00 to $79.00 and set a “buy” rating for the company in a research report on Friday, July 8th. Barclays decreased their price target on First American Financial from $87.00 to $83.00 and set an “overweight” rating for the company in a research report on Monday, July 11th. Finally, Truist Financial reduced their price objective on First American Financial from $86.00 to $77.00 and set a “buy” rating for the company in a research note on Wednesday, July 13th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $64.68.

First American Financial Company Profile

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding FAF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First American Financial Co. (NYSE:FAFGet Rating).

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

Receive News & Ratings for First American Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First American Financial and related companies with MarketBeat.com's FREE daily email newsletter.