First American Financial Co. (NYSE:FAF) Shares Acquired by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. raised its stake in shares of First American Financial Co. (NYSE:FAF) by 6.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,626,142 shares of the insurance provider’s stock after purchasing an additional 95,165 shares during the period. First American Financial accounts for 1.1% of Vaughan Nelson Investment Management L.P.’s portfolio, making the stock its 28th largest position. Vaughan Nelson Investment Management L.P. owned about 1.58% of First American Financial worth $106,724,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jefferies Financial Group Inc. purchased a new stake in shares of First American Financial during the 4th quarter valued at $385,000. GAMMA Investing LLC boosted its holdings in First American Financial by 8,031.7% in the first quarter. GAMMA Investing LLC now owns 87,091 shares of the insurance provider’s stock valued at $5,716,000 after acquiring an additional 86,020 shares during the last quarter. JPMorgan Chase & Co. grew its position in First American Financial by 6.7% during the fourth quarter. JPMorgan Chase & Co. now owns 229,303 shares of the insurance provider’s stock valued at $14,318,000 after acquiring an additional 14,483 shares during the period. Schroder Investment Management Group acquired a new stake in First American Financial during the fourth quarter worth about $8,460,000. Finally, Harbor Capital Advisors Inc. increased its stake in First American Financial by 24.1% during the first quarter. Harbor Capital Advisors Inc. now owns 107,397 shares of the insurance provider’s stock worth $7,048,000 after acquiring an additional 20,890 shares during the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

First American Financial Stock Performance

Shares of NYSE:FAF opened at $58.97 on Friday. The business’s 50-day simple moving average is $58.80 and its 200 day simple moving average is $62.08. The company has a market cap of $6.07 billion, a P/E ratio of 47.18 and a beta of 1.22. First American Financial Co. has a one year low of $52.39 and a one year high of $70.92.

First American Financial (NYSE:FAF) last issued its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.19. First American Financial had a net margin of 2.14% and a return on equity of 9.35%. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the company earned $0.45 earnings per share. First American Financial’s revenue for the quarter was up 11.1% on a year-over-year basis. Analysts predict that First American Financial Co. will post 5.35 earnings per share for the current year.

First American Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 3.66%. The ex-dividend date is Monday, June 9th. First American Financial’s dividend payout ratio (DPR) is 143.05%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FAF. Keefe, Bruyette & Woods boosted 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 cut shares of First American Financial from a “buy” rating to a “hold” rating in a research report on Friday, June 6th. Finally, Barclays increased their price objective on shares of First American Financial from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, April 25th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, First American Financial has a consensus rating of “Moderate Buy” and an average price target of $75.00.

About First American Financial

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.