First American Financial Co. (NYSE:FAF) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. trimmed its holdings in shares of First American Financial Co. (NYSE:FAF) by 12.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,356 shares of the insurance provider’s stock after selling 872 shares during the period. Crossmark Global Holdings Inc.’s holdings in First American Financial were worth $343,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of First American Financial by 4.3% during the first quarter. Vanguard Group Inc. now owns 10,567,038 shares of the insurance provider’s stock worth $645,118,000 after purchasing an additional 431,089 shares during the period. Boston Partners raised its holdings in shares of First American Financial by 13.3% during the first quarter. Boston Partners now owns 4,074,181 shares of the insurance provider’s stock worth $248,237,000 after purchasing an additional 479,618 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of First American Financial by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,059,361 shares of the insurance provider’s stock worth $197,148,000 after purchasing an additional 94,854 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of First American Financial by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,680,947 shares of the insurance provider’s stock worth $172,760,000 after acquiring an additional 9,491 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in shares of First American Financial by 6.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,426,821 shares of the insurance provider’s stock worth $76,977,000 after acquiring an additional 86,330 shares during the period. 89.05% of the stock is owned by institutional investors and hedge funds.

First American Financial Stock Down 0.1 %

Shares of FAF opened at $63.73 on Wednesday. First American Financial Co. has a 52-week low of $49.55 and a 52-week high of $65.54. The firm has a 50-day moving average price of $58.81 and a 200 day moving average price of $57.14. The firm has a market capitalization of $6.61 billion, a PE ratio of 30.49 and a beta of 1.28.

First American Financial (NYSE:FAF) last posted its quarterly earnings data on Wednesday, July 24th. The insurance provider reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.14. First American Financial had a net margin of 3.28% and a return on equity of 7.98%. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the firm posted $1.35 EPS. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, equities analysts expect that First American Financial Co. will post 3.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FAF. Barclays dropped their price objective on shares of First American Financial from $65.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 9th. Truist Financial increased their price objective on shares of First American Financial from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Stephens reaffirmed an “overweight” rating and issued a $66.00 price objective on shares of First American Financial in a report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of First American Financial from $63.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.25.

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.