Mutual of America Capital Management LLC Sells 3,255 Shares of First American Financial Co. (NYSE:FAF)

Mutual of America Capital Management LLC cut its stake in First American Financial Co. (NYSE:FAF) by 4.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 63,814 shares of the insurance provider’s stock after selling 3,255 shares during the period. Mutual of America Capital Management LLC’s holdings in First American Financial were worth $4,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Point72 Hong Kong Ltd acquired a new position in shares of First American Financial during the second quarter valued at about $36,000. Brown Brothers Harriman & Co. bought a new position in First American Financial during the first quarter valued at about $46,000. PCA Investment Advisory Services Inc. acquired a new position in First American Financial in the 2nd quarter valued at approximately $41,000. Industrial Alliance Investment Management Inc. lifted its position in shares of First American Financial by 161.3% in the 4th quarter. Industrial Alliance Investment Management Inc. now owns 925 shares of the insurance provider’s stock worth $48,000 after acquiring an additional 571 shares during the period. Finally, Chilton Capital Management LLC bought a new stake in shares of First American Financial in the 4th quarter worth approximately $64,000. 89.05% of the stock is currently owned by institutional investors and hedge funds.

First American Financial Stock Performance

Shares of NYSE:FAF opened at $55.11 on Wednesday. The company has a market capitalization of $5.71 billion, a PE ratio of 26.50 and a beta of 1.28. The company’s fifty day moving average is $58.01 and its 200-day moving average is $58.21. First American Financial Co. has a 52 week low of $49.55 and a 52 week high of $65.54.

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

First American Financial Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Thursday, March 7th. This represents a $2.12 dividend on an annualized basis and a yield of 3.85%. First American Financial’s dividend payout ratio is 101.92%.

Wall Street Analysts Forecast Growth

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

First American Financial 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.