First Bank & Trust Trims Holdings in First American Financial Co. (NYSE:FAF)

First Bank & Trust decreased its stake in shares of First American Financial Co. (NYSE:FAF) by 5.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,794 shares of the insurance provider’s stock after selling 231 shares during the quarter. First Bank & Trust’s holdings in First American Financial were worth $232,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. purchased a new stake in First American Financial in the fourth quarter valued at $26,000. GAMMA Investing LLC purchased a new stake in First American Financial in the fourth quarter valued at $33,000. Headlands Technologies LLC purchased a new stake in First American Financial in the fourth quarter valued at $44,000. Principal Securities Inc. purchased a new stake in First American Financial in the fourth quarter valued at $45,000. Finally, American National Bank purchased a new stake in First American Financial in the first quarter valued at $61,000. Hedge funds and other institutional investors own 89.05% of the company’s stock.

Analysts Set New Price Targets

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

First American Financial Trading Up 0.7 %

FAF stock opened at $53.95 on Friday. First American Financial Co. has a 12-month low of $49.55 and a 12-month high of $65.54. The company has a market capitalization of $5.60 billion, a PE ratio of 25.81 and a beta of 1.28. The business’s fifty day moving average price is $54.81 and its 200 day moving average price is $58.01.

First American Financial (NYSE:FAF) last released its earnings results on Thursday, April 25th. The insurance provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.22). First American Financial had a return on equity of 8.17% and a net margin of 3.64%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. Research analysts predict that First American Financial Co. will post 3.82 EPS for the current fiscal year.

First American Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $2.12 annualized dividend and a yield of 3.93%. First American Financial’s payout ratio is 101.44%.

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.