Nisa Investment Advisors LLC Decreases Stock Holdings in First American Financial Co. (NYSE:FAF)

Nisa Investment Advisors LLC lowered its holdings in First American Financial Co. (NYSE:FAF) by 18.2% during the 4th quarter, Holdings Channel reports. The firm owned 15,533 shares of the insurance provider’s stock after selling 3,465 shares during the period. Nisa Investment Advisors LLC’s holdings in First American Financial were worth $1,001,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of First American Financial by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 12,031,143 shares of the insurance provider’s stock worth $779,858,000 after purchasing an additional 245,974 shares during the period. BlackRock Inc. increased its holdings in First American Financial by 3.4% during the first quarter. BlackRock Inc. now owns 9,889,562 shares of the insurance provider’s stock worth $550,453,000 after buying an additional 329,543 shares during the last quarter. State Street Corp raised its position in First American Financial by 2.9% in the first quarter. State Street Corp now owns 3,193,170 shares of the insurance provider’s stock worth $206,981,000 after acquiring an additional 90,276 shares during the period. Boston Partners boosted its stake in First American Financial by 17.6% in the third quarter. Boston Partners now owns 3,169,320 shares of the insurance provider’s stock valued at $178,994,000 after acquiring an additional 473,961 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of First American Financial by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,671,456 shares of the insurance provider’s stock valued at $150,911,000 after acquiring an additional 72,860 shares during the period. Hedge funds and other institutional investors own 89.05% of the company’s stock.

First American Financial Stock Performance

Shares of NYSE FAF opened at $56.11 on Tuesday. First American Financial Co. has a fifty-two week low of $49.55 and a fifty-two week high of $65.54. The stock has a market cap of $5.81 billion, a PE ratio of 26.97 and a beta of 1.28. The stock has a fifty day moving average of $58.09 and a 200-day moving average of $58.22.

First American Financial (NYSE:FAF) last posted its earnings results on Thursday, February 8th. The insurance provider reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). First American Financial had a net margin of 3.61% and a return on equity of 8.27%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the firm earned $1.35 EPS. The firm’s quarterly revenue was down 15.2% compared to the same quarter last year. On average, sell-side analysts predict that First American Financial Co. will post 4.47 EPS for the current year.

First American Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 8th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend was Thursday, March 7th. First American Financial’s dividend payout ratio (DPR) is presently 101.92%.

Analyst Ratings Changes

A number of equities research analysts recently commented on FAF shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of First American Financial in a report on Wednesday, January 10th. They issued a “buy” rating on the stock. Stephens reaffirmed an “overweight” rating and set a $73.00 price target on shares of First American Financial in a research report on Thursday, February 8th. Keefe, Bruyette & Woods raised First American Financial from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $66.00 to $69.00 in a report on Thursday, March 21st. Finally, TheStreet downgraded shares of First American Financial from a “b-” rating to a “c+” rating in a report on Tuesday, March 12th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $68.00.

First American Financial Company 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.