GAMMA Investing LLC Takes $33,000 Position in First American Financial Co. (NYSE:FAF)

GAMMA Investing LLC purchased a new stake in First American Financial Co. (NYSE:FAF) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 547 shares of the insurance provider’s stock, valued at approximately $33,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Linden Thomas Advisory Services LLC increased its position in First American Financial by 6.7% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 23,297 shares of the insurance provider’s stock worth $1,501,000 after purchasing an additional 1,469 shares during the period. Foster & Motley Inc. purchased a new position in shares of First American Financial during the 4th quarter worth $251,000. Duality Advisers LP purchased a new position in shares of First American Financial during the 4th quarter worth $1,563,000. Stephenson & Company Inc. purchased a new position in shares of First American Financial in the 4th quarter worth $228,000. Finally, Mackenzie Financial Corp purchased a new position in shares of First American Financial in the 4th quarter worth $813,000. Institutional investors and hedge funds own 89.05% of the company’s stock.

First American Financial Trading Up 0.5 %

FAF opened at $54.38 on Monday. The business’s 50 day moving average is $57.10 and its 200-day moving average is $58.37. The stock has a market cap of $5.64 billion, a PE ratio of 26.02 and a beta of 1.28. First American Financial Co. has a twelve month low of $49.55 and a twelve month high of $65.54.

First American Financial (NYSE:FAF) last posted its quarterly earnings data on Thursday, April 25th. The insurance provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.22). First American Financial had a net margin of 3.64% and a return on equity of 8.17%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the business earned $0.49 EPS. First American Financial’s revenue was down 1.5% compared to the same quarter last year. As a group, analysts forecast that First American Financial Co. will post 4.28 EPS for the current year.

Wall Street Analyst Weigh In

FAF has been the subject of several recent research reports. Stephens reiterated an “overweight” rating and issued a $72.00 price target on shares of First American Financial in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft started coverage on First American Financial in a research note on Wednesday, January 10th. They set a “buy” rating for the company. TheStreet cut shares of First American Financial from a “b-” rating to a “c+” rating in a research report on Tuesday, March 12th. Finally, Keefe, Bruyette & Woods raised shares of First American Financial from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $66.00 to $69.00 in a research report on Thursday, March 21st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $67.75.

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.