First American Financial Co. (NYSE:FAF) Shares Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC increased its position in shares of First American Financial Co. (NYSE:FAF) by 6.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,178 shares of the insurance provider’s stock after acquiring an additional 660 shares during the period. New York Life Investment Management LLC’s holdings in First American Financial were worth $720,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of FAF. Vanguard Group Inc. increased its holdings in First American Financial by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 10,127,746 shares of the insurance provider’s stock valued at $572,116,000 after acquiring an additional 81,888 shares in the last quarter. Boston Partners grew its position in shares of 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 purchasing an additional 473,961 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake 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 worth $150,911,000 after purchasing an additional 72,860 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of First American Financial by 6.7% during the 3rd quarter. Victory Capital Management Inc. now owns 2,135,149 shares of the insurance provider’s stock worth $120,615,000 after purchasing an additional 133,807 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in First American Financial by 46.1% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,229,294 shares of the insurance provider’s stock valued at $79,216,000 after buying an additional 387,848 shares in the last quarter. 89.05% of the stock is currently owned by hedge funds and other institutional investors.

First American Financial Trading Down 0.4 %

Shares of NYSE:FAF opened at $54.64 on Thursday. First American Financial Co. has a twelve month low of $49.55 and a twelve month high of $65.54. The firm has a market cap of $5.67 billion, a P/E ratio of 26.14 and a beta of 1.28. The company has a 50 day moving average of $56.94 and a 200-day moving average of $58.40.

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

Wall Street Analysts Forecast Growth

FAF has been the subject of a number of recent research reports. Keefe, Bruyette & Woods upgraded 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 research report on Thursday, March 21st. TheStreet downgraded shares of First American Financial from a “b-” rating to a “c+” rating in a research note on Tuesday, March 12th. Stephens reaffirmed an “overweight” rating and issued a $72.00 target price on shares of First American Financial in a research note on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on First American Financial in a research note on Wednesday, January 10th. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.75.

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.