First American Financial Co. (NYSE:FAF) Stock Holdings Lowered by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in shares of First American Financial Co. (NYSE:FAF) by 9.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,904 shares of the insurance provider’s stock after selling 1,964 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in First American Financial were worth $1,154,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of FAF. Treasurer of the State of North Carolina boosted its holdings in shares of First American Financial by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 44,007 shares of the insurance provider’s stock worth $2,486,000 after buying an additional 220 shares during the period. J.P. Morgan Private Wealth Advisors LLC grew its holdings in shares of First American Financial by 3.0% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 7,910 shares of the insurance provider’s stock valued at $447,000 after buying an additional 227 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in First American Financial by 0.3% during the third quarter. State Board of Administration of Florida Retirement System now owns 117,044 shares of the insurance provider’s stock valued at $6,612,000 after buying an additional 308 shares during the period. Advisors Capital Management LLC lifted its stake in First American Financial by 0.6% in the 3rd quarter. Advisors Capital Management LLC now owns 55,462 shares of the insurance provider’s stock worth $3,133,000 after acquiring an additional 311 shares in the last quarter. Finally, Gabelli Funds LLC boosted its position in First American Financial by 2.0% during the 3rd quarter. Gabelli Funds LLC now owns 18,353 shares of the insurance provider’s stock worth $1,037,000 after acquiring an additional 353 shares during the period. Institutional investors and hedge funds own 89.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FAF. Deutsche Bank Aktiengesellschaft assumed coverage on shares of First American Financial in a research report on Wednesday, January 10th. They issued a “buy” rating for the company. Stephens reissued an “overweight” rating and set a $72.00 target price on shares of First American Financial in a research note on Thursday. Keefe, Bruyette & Woods upgraded shares of First American Financial from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $66.00 to $69.00 in a report on Thursday, March 21st. Finally, TheStreet lowered 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, First American Financial presently has an average rating of “Moderate Buy” and an average price target of $67.75.

First American Financial Trading Down 0.1 %

First American Financial stock opened at $54.22 on Friday. First American Financial Co. has a 1-year low of $49.55 and a 1-year high of $65.54. The firm’s fifty day simple moving average is $57.50 and its 200-day simple moving average is $58.27. The company has a market capitalization of $5.62 billion, a P/E ratio of 25.94 and a beta of 1.28.

First American Financial (NYSE:FAF) last issued its quarterly earnings data on Thursday, April 25th. The insurance provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.22). The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.42 billion. First American Financial had a net margin of 3.64% and a return on equity of 8.18%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 earnings per share. On average, equities research analysts predict that First American Financial Co. will post 4.28 earnings per share for the current year.

First American Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 8th were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date was Thursday, March 7th. First American Financial’s payout ratio is 101.44%.

About First American Financial

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.