First American Financial Co. (NYSE:FAF) Stock Holdings Increased by Goldstone Financial Group LLC

Goldstone Financial Group LLC raised its holdings in shares of First American Financial Co. (NYSE:FAF) by 9.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,557 shares of the insurance provider’s stock after acquiring an additional 293 shares during the period. Goldstone Financial Group LLC’s holdings in First American Financial were worth $233,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in First American Financial by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 10,625,017 shares of the insurance provider’s stock valued at $663,426,000 after purchasing an additional 107,925 shares in the last quarter. FMR LLC grew its stake in First American Financial by 20.8% in the fourth 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 in the last quarter. Ariel Investments LLC grew its stake in First American Financial by 9.9% in the fourth quarter. Ariel Investments LLC now owns 3,993,155 shares of the insurance provider’s stock valued at $249,333,000 after purchasing an additional 359,777 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in First American Financial by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,963,516 shares of the insurance provider’s stock valued at $247,481,000 after purchasing an additional 129,863 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in First American Financial by 3.1% in the fourth quarter. Victory Capital Management Inc. now owns 2,573,788 shares of the insurance provider’s stock valued at $160,707,000 after purchasing an additional 78,022 shares in the last quarter. Institutional investors own 89.05% of the company’s stock.

Analysts Set New Price Targets

FAF has been the topic of a number of recent research reports. Wall Street Zen downgraded First American Financial from a “buy” rating to a “hold” rating in a research note on Friday, June 6th. Barclays boosted their price target on 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. Finally, Keefe, Bruyette & Woods boosted their price target 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.00.

First American Financial Price Performance

Shares of NYSE:FAF opened at $58.97 on Friday. The business’s fifty day moving average price is $58.80 and its two-hundred day moving average price is $62.08. First American Financial Co. has a fifty-two week low of $52.39 and a fifty-two week high of $70.92. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 47.18 and a beta of 1.22.

First American Financial (NYSE:FAF) last announced its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.19. First American Financial had a return on equity of 9.35% and a net margin of 2.14%. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the business posted $0.45 earnings per share. The business’s revenue was up 11.1% compared to the same quarter last year. Research analysts expect that First American Financial Co. will post 5.35 EPS for the current fiscal year.

First American Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend is Monday, June 9th. First American Financial’s 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.