Ameritas Investment Partners Inc. boosted its position in First American Financial Corp (NYSE:FAF) by 46.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,417 shares of the insurance provider’s stock after buying an additional 15,353 shares during the period. Ameritas Investment Partners Inc.’s holdings in First American Financial Corp were worth $1,901,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of FAF. Glen Harbor Capital Management LLC raised its position in First American Financial Corp by 2.8% in the first quarter. Glen Harbor Capital Management LLC now owns 2,960 shares of the insurance provider’s stock worth $116,000 after buying an additional 80 shares during the last quarter. Tyers Asset Management LLC purchased a new position in First American Financial Corp during the fourth quarter worth $145,000. Daiwa Securities Group Inc. purchased a new position in First American Financial Corp during the first quarter worth $169,000. Flinton Capital Management LLC purchased a new position in First American Financial Corp during the fourth quarter worth $185,000. Finally, Neuburgh Advisers LLC raised its position in First American Financial Corp by 2.8% in the first quarter. Neuburgh Advisers LLC now owns 6,290 shares of the insurance provider’s stock worth $247,000 after buying an additional 170 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.
First American Financial Corp (NYSE:FAF) traded down 1.12% during trading on Friday, hitting $42.40. 626,978 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $40.65 and its 200 day moving average price is $38.69. First American Financial Corp has a 12-month low of $35.28 and a 12-month high of $43.77. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 13.52 and a beta of 0.80.
First American Financial Corp (NYSE:FAF) last posted its earnings results on Thursday, April 27th. The insurance provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.08. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.21 billion. First American Financial Corp had a net margin of 6.15% and a return on equity of 12.08%. The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 EPS. Equities analysts forecast that First American Financial Corp will post $3.27 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 8th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Tuesday, June 6th. First American Financial Corp’s dividend payout ratio (DPR) is 44.16%.
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FAF has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of First American Financial Corp from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Monday, May 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $39.00 price target on shares of First American Financial Corp in a research report on Wednesday, April 19th.
In other news, CEO Dennis J. Gilmore sold 100,000 shares of First American Financial Corp stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $39.79, for a total transaction of $3,979,000.00. Following the completion of the transaction, the chief executive officer now directly owns 772,295 shares of the company’s stock, valued at approximately $30,729,618.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.20% of the stock is owned by insiders.
About First American Financial Corp
First American Financial Corporation, through its subsidiaries, is engaged in the business of providing financial services. The Company operates through the title insurance and services segment, and specialty insurance segment. The title insurance and services segment provides title insurance, closing and/or escrow services and similar or related services domestically and internationally in connection with residential and commercial real estate transactions.
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