Vaughan Nelson Investment Management L.P. Acquires 95,165 Shares of First American Financial Corporation (NYSE:FAF)

Vaughan Nelson Investment Management L.P. grew its stake in shares of First American Financial Corporation (NYSE:FAF - Free Report) by 6.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,626,142 shares of the insurance provider's stock after buying an additional 95,165 shares during the period. First American Financial makes up 1.1% of Vaughan Nelson Investment Management L.P.'s portfolio, making the stock its 28th biggest position. Vaughan Nelson Investment Management L.P. owned approximately 1.58% of First American Financial worth $106,724,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of FAF. GAMMA Investing LLC boosted its stake in First American Financial by 8,031.7% during the 1st quarter. GAMMA Investing LLC now owns 87,091 shares of the insurance provider's stock worth $5,716,000 after acquiring an additional 86,020 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in First American Financial by 24.1% in the first quarter. Harbor Capital Advisors Inc. now owns 107,397 shares of the insurance provider's stock worth $7,048,000 after purchasing an additional 20,890 shares during the period. Jefferies Financial Group Inc. acquired a new stake in First American Financial in the fourth quarter worth $385,000. JPMorgan Chase & Co. boosted its position in shares of First American Financial by 6.7% during the fourth quarter. JPMorgan Chase & Co. now owns 229,303 shares of the insurance provider's stock worth $14,318,000 after purchasing an additional 14,483 shares in the last quarter. Finally, Bar Harbor Wealth Management grew its holdings in shares of First American Financial by 30.5% in the 1st quarter. Bar Harbor Wealth Management now owns 126,093 shares of the insurance provider's stock valued at $8,275,000 after buying an additional 29,466 shares during the period. 89.05% of the stock is currently owned by institutional investors and hedge funds.

First American Financial Price Performance

Shares of First American Financial stock traded up $0.22 on Wednesday, hitting $57.89. The company had a trading volume of 403,508 shares, compared to its average volume of 722,005. The stock has a 50-day moving average of $58.75 and a 200-day moving average of $61.91. First American Financial Corporation has a twelve month low of $52.39 and a twelve month high of $70.92. The firm has a market capitalization of $5.96 billion, a P/E ratio of 38.32 and a beta of 1.22.

First American Financial (NYSE:FAF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.65 by $0.19. The business had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.53 billion. First American Financial had a net margin of 2.52% and a return on equity of 10.05%. The firm's revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS. Equities analysts predict that First American Financial Corporation will post 5.35 EPS for the current year.

First American Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were issued a $0.54 dividend. The ex-dividend date was Monday, June 9th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.73%. First American Financial's dividend payout ratio (DPR) is 143.05%.

Wall Street Analysts Forecast Growth

FAF has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised their price objective on First American Financial from $75.00 to $77.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Wall Street Zen cut First American Financial from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. Finally, Barclays raised their price target on 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. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, First American Financial currently has an average rating of "Moderate Buy" and an average price target of $75.00.

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.