Natixis Investment Managers International Makes New Investment in First American Financial Co. (NYSE:FAF)

Natixis Investment Managers International acquired a new position in First American Financial Co. (NYSE:FAF) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,015 shares of the insurance provider’s stock, valued at approximately $259,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. purchased a new stake in First American Financial during the third quarter valued at about $216,000. J.P. Morgan Private Wealth Advisors LLC lifted its position in shares of First American Financial by 3.0% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 7,910 shares of the insurance provider’s stock worth $447,000 after purchasing an additional 227 shares in the last quarter. Swiss National Bank lifted its position in shares of First American Financial by 0.9% in the third quarter. Swiss National Bank now owns 226,900 shares of the insurance provider’s stock worth $12,818,000 after purchasing an additional 2,000 shares in the last quarter. Gabelli Funds LLC lifted its position in shares of First American Financial by 2.0% in the third quarter. Gabelli Funds LLC now owns 18,353 shares of the insurance provider’s stock worth $1,037,000 after purchasing an additional 353 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of First American Financial by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,671,456 shares of the insurance provider’s stock worth $150,911,000 after purchasing an additional 72,860 shares in the last quarter. Institutional investors own 89.05% of the company’s stock.

Analyst Upgrades and Downgrades

FAF has been the topic of several recent research reports. Stephens reaffirmed an “overweight” rating and set a $72.00 price objective on shares of First American Financial in a research report on Thursday, April 25th. Keefe, Bruyette & Woods upgraded shares of First American Financial from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $66.00 to $69.00 in a research note on Thursday, March 21st. Finally, TheStreet downgraded shares of First American Financial from a “b-” rating to a “c+” rating in a research report on Tuesday, March 12th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, First American Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $67.75.

First American Financial Stock Performance

NYSE FAF traded down $0.85 during trading hours on Friday, reaching $53.87. 525,674 shares of the company’s stock were exchanged, compared to its average volume of 436,495. The company’s 50-day moving average is $56.17 and its two-hundred day moving average is $58.71. First American Financial Co. has a one year low of $49.55 and a one year high of $65.54. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of 25.78 and a beta of 1.28.

First American Financial (NYSE:FAF) last issued its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.22). The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.42 billion. First American Financial had a return on equity of 8.17% and a net margin of 3.64%. First American Financial’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 earnings per share. Research analysts predict that First American Financial Co. will post 3.97 earnings per share for the current fiscal year.

First American Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.94%. The ex-dividend date is Monday, June 10th. First American Financial’s payout ratio is presently 101.44%.

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.