First American Financial Co. (NYSE:FAF) Shares Acquired by Reinhart Partners LLC.

Reinhart Partners LLC. boosted its position in First American Financial Co. (NYSE:FAF - Free Report) by 15.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,203,977 shares of the insurance provider's stock after purchasing an additional 161,819 shares during the period. First American Financial comprises 2.9% of Reinhart Partners LLC.'s holdings, making the stock its 10th largest position. Reinhart Partners LLC. owned about 1.17% of First American Financial worth $79,017,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp lifted its stake in First American Financial by 57.6% in the 4th quarter. Jones Financial Companies Lllp now owns 670 shares of the insurance provider's stock valued at $42,000 after purchasing an additional 245 shares during the last quarter. Versant Capital Management Inc lifted its stake in First American Financial by 645.7% in the 1st quarter. Versant Capital Management Inc now owns 962 shares of the insurance provider's stock valued at $63,000 after purchasing an additional 833 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in First American Financial by 14.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,340 shares of the insurance provider's stock valued at $84,000 after purchasing an additional 173 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in First American Financial by 18.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,510 shares of the insurance provider's stock valued at $94,000 after purchasing an additional 230 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in First American Financial by 314.7% in the 4th quarter. Venturi Wealth Management LLC now owns 2,592 shares of the insurance provider's stock valued at $162,000 after purchasing an additional 1,967 shares during the last quarter. 89.05% of the stock is currently owned by institutional investors and hedge funds.

First American Financial Stock Up 1.1%

Shares of FAF stock opened at $56.37 on Friday. First American Financial Co. has a 12-month low of $51.85 and a 12-month high of $70.92. The firm has a 50 day moving average price of $59.18 and a two-hundred day moving average price of $62.47. The company has a market capitalization of $5.80 billion, a PE ratio of 45.10 and a beta of 1.22.

First American Financial (NYSE:FAF - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $0.84 earnings per share 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 company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the business earned $0.45 earnings per share. The firm's quarterly revenue was up 11.1% on a year-over-year basis. As a group, research analysts expect that First American Financial Co. will post 5.35 EPS for the current year.

First American Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be given a $0.54 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.83%. First American Financial's payout ratio is 143.05%.

Analyst Upgrades and Downgrades

FAF has been the subject of several research reports. Barclays raised their price objective on shares of First American Financial from $69.00 to $72.00 and gave the stock an "equal weight" rating in a research report on Friday, April 25th. Keefe, Bruyette & Woods raised their price objective on shares of First American Financial from $75.00 to $77.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Wall Street Zen downgraded shares of First American Financial from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Stephens raised their price objective on shares of First American Financial from $73.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $75.00.

About First American Financial

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.

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