Nisa Investment Advisors LLC Has $906,000 Holdings in First American Financial Corporation (NYSE:FAF)

Nisa Investment Advisors LLC increased its stake in First American Financial Corporation (NYSE:FAF) by 44.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,807 shares of the insurance provider’s stock after buying an additional 4,274 shares during the quarter. Nisa Investment Advisors LLC’s holdings in First American Financial were worth $906,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in First American Financial during the 4th quarter valued at $75,780,000. FMR LLC lifted its holdings in First American Financial by 20.8% during the 4th quarter. FMR LLC now owns 6,046,743 shares of the insurance provider’s stock valued at $377,559,000 after purchasing an additional 1,042,145 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in First American Financial by 500.7% during the 4th quarter. Lazard Asset Management LLC now owns 1,003,327 shares of the insurance provider’s stock valued at $62,646,000 after purchasing an additional 836,314 shares during the last quarter. Prudential Financial Inc. lifted its holdings in First American Financial by 6,233.2% during the 4th quarter. Prudential Financial Inc. now owns 706,211 shares of the insurance provider’s stock valued at $44,096,000 after purchasing an additional 695,060 shares during the last quarter. Finally, Capital International Investors bought a new position in First American Financial during the 4th quarter worth $41,626,000. Institutional investors and hedge funds own 89.05% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Barclays lowered their price objective on First American Financial from $72.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods increased their price objective on First American Financial from $75.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. Finally, Wall Street Zen cut First American Financial from a “buy” rating to a “hold” rating in a research report on Saturday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.50.

First American Financial Stock Performance

Shares of NYSE FAF opened at $54.74 on Wednesday. First American Financial Corporation has a 52 week low of $53.09 and a 52 week high of $70.92. The stock has a market capitalization of $5.63 billion, a P/E ratio of 36.25 and a beta of 1.24. The stock’s fifty day moving average is $58.60 and its 200 day moving average is $61.14.

First American Financial (NYSE:FAF) last issued its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.19. First American Financial had a return on equity of 10.05% and a net margin of 2.52%. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter last year, the business earned $0.45 earnings per share. First American Financial’s revenue was up 11.1% on a year-over-year basis. Equities research analysts forecast that First American Financial Corporation will post 5.35 earnings per share for the current year.

First American Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Monday, June 9th. First American Financial’s dividend payout ratio is presently 143.05%.

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.