First American Financial Co. (NYSE:FAF) Shares Bought by Bar Harbor Wealth Management

Bar Harbor Wealth Management boosted its position in shares of First American Financial Co. (NYSE:FAF - Free Report) by 30.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,093 shares of the insurance provider's stock after acquiring an additional 29,466 shares during the quarter. Bar Harbor Wealth Management owned 0.12% of First American Financial worth $8,275,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in shares of First American Financial during the fourth quarter worth approximately $75,780,000. FMR LLC raised its stake in shares of First American Financial by 20.8% during the fourth quarter. FMR LLC now owns 6,046,743 shares of the insurance provider's stock valued at $377,559,000 after acquiring an additional 1,042,145 shares during the last quarter. Corient Private Wealth LLC increased its stake in shares of First American Financial by 13,222.0% in the fourth quarter. Corient Private Wealth LLC now owns 849,279 shares of the insurance provider's stock valued at $53,029,000 after buying an additional 842,904 shares during the period. Lazard Asset Management LLC boosted its stake in shares of First American Financial by 500.7% in the 4th quarter. Lazard Asset Management LLC now owns 1,003,327 shares of the insurance provider's stock valued at $62,646,000 after purchasing an additional 836,314 shares during the last quarter. Finally, Prudential Financial Inc. grew its stake in First American Financial by 6,233.2% during the fourth quarter. Prudential Financial Inc. now owns 706,211 shares of the insurance provider's stock worth $44,096,000 after purchasing an additional 695,060 shares during the period. 89.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FAF. Barclays boosted their price objective on First American Financial from $69.00 to $72.00 and gave the stock an "equal weight" rating in a report on Friday, April 25th. Wall Street Zen lowered shares of First American Financial from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of First American Financial from $75.00 to $77.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $75.00.

First American Financial Trading Down 1.3%

NYSE:FAF traded down $0.80 on Friday, reaching $58.97. 1,096,072 shares of the stock traded hands, compared to its average volume of 721,068. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 47.18 and a beta of 1.22. First American Financial Co. has a 12 month low of $52.39 and a 12 month high of $70.92. The company's fifty day simple moving average is $58.80 and its 200 day simple moving average is $62.02.

First American Financial (NYSE:FAF - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.19. First American Financial had a net margin of 2.14% and a return on equity of 9.35%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the firm posted $0.45 EPS. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. Equities analysts anticipate that First American Financial Co. will post 5.35 EPS for the current fiscal year.

First American Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.66%. The ex-dividend date is Monday, June 9th. First American Financial's payout ratio is currently 143.05%.

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.