State of Alaska Department of Revenue Has $792,000 Stock Holdings in First American Financial Corporation (NYSE:FAF)

State of Alaska Department of Revenue lifted its stake in shares of First American Financial Corporation (NYSE:FAF) by 2.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,068 shares of the insurance provider’s stock after acquiring an additional 320 shares during the quarter. State of Alaska Department of Revenue’s holdings in First American Financial were worth $792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in FAF. Oppenheimer Asset Management Inc. raised its position in shares of First American Financial by 15.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 20,568 shares of the insurance provider’s stock worth $1,284,000 after acquiring an additional 2,784 shares during the last quarter. Versor Investments LP bought a new position in shares of First American Financial during the fourth quarter worth about $254,000. QRG Capital Management Inc. raised its position in shares of First American Financial by 4.4% during the fourth quarter. QRG Capital Management Inc. now owns 35,370 shares of the insurance provider’s stock worth $2,208,000 after acquiring an additional 1,506 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of First American Financial by 14.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,340 shares of the insurance provider’s stock worth $84,000 after acquiring an additional 173 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of First American Financial by 57.6% during the fourth quarter. Jones Financial Companies Lllp now owns 670 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 245 shares during the last quarter. 89.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FAF has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted their target price on First American Financial from $75.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, April 28th. Wall Street Zen upgraded First American Financial from a “hold” rating to a “buy” rating in a report on Friday. Finally, Barclays lifted their target price on First American Financial from $69.00 to $72.00 and gave the stock an “equal weight” rating in a report on Friday, April 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $75.00.

First American Financial Stock Up 0.4%

NYSE FAF opened at $61.35 on Friday. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 40.63 and a beta of 1.22. First American Financial Corporation has a 52 week low of $52.39 and a 52 week high of $70.92. The business has a 50 day moving average price of $58.71 and a 200-day moving average price of $61.47.

First American Financial (NYSE:FAF) last released its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.65 by $0.19. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.53 billion. First American Financial had a return on equity of 10.05% and a net margin of 2.52%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 earnings per share. On average, equities research analysts anticipate that First American Financial Corporation will post 5.35 earnings per share for the current year.

First American Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, June 9th. This represents a $2.16 annualized dividend and a dividend yield of 3.52%. First American Financial’s dividend payout ratio is 143.05%.

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.