Renaissance Technologies LLC boosted its stake in shares of First American Financial Corp (NYSE:FAF) by 8.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 415,400 shares of the insurance provider’s stock after purchasing an additional 32,400 shares during the quarter. Renaissance Technologies LLC’s holdings in First American Financial were worth $21,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of FAF. Neuberger Berman Group LLC bought a new stake in First American Financial during the first quarter valued at about $514,000. Envestnet Asset Management Inc. boosted its holdings in First American Financial by 2.0% in the first quarter. Envestnet Asset Management Inc. now owns 52,421 shares of the insurance provider’s stock worth $3,054,000 after acquiring an additional 1,041 shares in the last quarter. Glen Harbor Capital Management LLC boosted its holdings in First American Financial by 141.7% in the first quarter. Glen Harbor Capital Management LLC now owns 24,864 shares of the insurance provider’s stock worth $1,459,000 after acquiring an additional 14,576 shares in the last quarter. BlackRock Inc. boosted its holdings in First American Financial by 2.2% in the first quarter. BlackRock Inc. now owns 10,279,579 shares of the insurance provider’s stock worth $603,207,000 after acquiring an additional 221,844 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its holdings in First American Financial by 190.4% in the first quarter. Federated Investors Inc. PA now owns 132,021 shares of the insurance provider’s stock worth $7,747,000 after acquiring an additional 86,564 shares in the last quarter. 84.38% of the stock is currently owned by institutional investors.

Shares of NYSE:FAF opened at $52.64 on Monday. First American Financial Corp has a 52-week low of $48.81 and a 52-week high of $62.71. The stock has a market capitalization of $5.88 billion, a PE ratio of 19.14, a PEG ratio of 0.88 and a beta of 0.75.

First American Financial (NYSE:FAF) last announced its quarterly earnings data on Thursday, July 26th. The insurance provider reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.13. First American Financial had a return on equity of 15.03% and a net margin of 8.19%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the business posted $1.09 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. research analysts anticipate that First American Financial Corp will post 4.58 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 17th. Stockholders of record on Monday, September 10th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.19%. This is a boost from First American Financial’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, September 7th. First American Financial’s dividend payout ratio (DPR) is presently 61.09%.

Several equities research analysts have weighed in on FAF shares. Keefe, Bruyette & Woods raised First American Financial from a “market perform” rating to an “outperform” rating and set a $39.00 price target for the company in a report on Monday, July 16th. Piper Jaffray Companies raised their price target on First American Financial from $63.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, July 27th. ValuEngine downgraded First American Financial from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. Finally, Zacks Investment Research raised First American Financial from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Tuesday, June 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $57.50.

In other news, EVP Kenneth D. Degiorgio sold 13,871 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $57.25, for a total value of $794,114.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Matthew F. Wajner sold 4,982 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $57.29, for a total value of $285,418.78. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

First American Financial Profile

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Specialty Insurance segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services.

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Institutional Ownership by Quarter for First American Financial (NYSE:FAF)

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