First American Financial Corporation (NYSE:FAF) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its stake in shares of First American Financial Corporation (NYSE:FAF) by 23.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,033 shares of the insurance provider’s stock after purchasing an additional 6,374 shares during the quarter. Cerity Partners LLC’s holdings in First American Financial were worth $2,168,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alpine Bank Wealth Management purchased a new position in shares of First American Financial in the 1st quarter valued at about $28,000. Richardson Capital Management LLC purchased a new position in shares of First American Financial in the 1st quarter valued at about $39,000. Versant Capital Management Inc increased its holdings in shares of First American Financial by 645.7% in the 1st quarter. Versant Capital Management Inc now owns 962 shares of the insurance provider’s stock valued at $63,000 after acquiring an additional 833 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of First American Financial by 132.1% in the 1st quarter. UMB Bank n.a. now owns 1,216 shares of the insurance provider’s stock valued at $80,000 after acquiring an additional 692 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of First American Financial by 23.9% in the 1st quarter. GAMMA Investing LLC now owns 1,327 shares of the insurance provider’s stock valued at $87,000 after purchasing an additional 256 shares during the period. 89.05% of the stock is owned by institutional investors and hedge funds.

First American Financial Stock Up 0.2%

NYSE FAF opened at $56.31 on Friday. First American Financial Corporation has a fifty-two week low of $53.09 and a fifty-two week high of $70.92. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 37.29 and a beta of 1.24. The business has a fifty day moving average of $58.33 and a 200-day moving average of $61.01.

First American Financial (NYSE:FAF) last announced its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.19. The business 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 business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 earnings per share. As a group, analysts anticipate that First American Financial Corporation will post 5.35 EPS for the current year.

First American Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 9th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend was Monday, June 9th. First American Financial’s dividend payout ratio (DPR) is presently 143.05%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FAF. Barclays decreased their target price on First American Financial from $72.00 to $70.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 8th. Wall Street Zen cut First American Financial from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. Finally, 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $74.50.

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.