Harbor Capital Advisors Inc. Has $7.05 Million Holdings in First American Financial Co. (NYSE:FAF)

Harbor Capital Advisors Inc. lifted its position in shares of First American Financial Co. (NYSE:FAF - Free Report) by 24.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,397 shares of the insurance provider's stock after acquiring an additional 20,890 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.10% of First American Financial worth $7,048,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FAF. Barclays PLC grew its holdings in shares of First American Financial by 15.2% during the third quarter. Barclays PLC now owns 60,821 shares of the insurance provider's stock worth $4,016,000 after purchasing an additional 8,047 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in First American Financial in the 4th quarter valued at approximately $385,000. JPMorgan Chase & Co. increased its position in First American Financial by 6.7% in the 4th quarter. JPMorgan Chase & Co. now owns 229,303 shares of the insurance provider's stock valued at $14,318,000 after acquiring an additional 14,483 shares during the period. Schroder Investment Management Group bought a new position in shares of First American Financial during the fourth quarter valued at $8,460,000. Finally, EMG Holdings L.P. acquired a new position in shares of First American Financial during the fourth quarter worth $4,370,000. Institutional investors own 89.05% of the company's stock.

First American Financial Stock Performance

Shares of NYSE:FAF traded down $0.80 during midday trading on Friday, reaching $58.97. The company's stock had a trading volume of 1,096,072 shares, compared to its average volume of 720,086. First American Financial Co. has a fifty-two week low of $52.39 and a fifty-two week high of $70.92. The firm has a 50 day moving average price of $58.80 and a two-hundred day moving average price of $62.14. The firm 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 (NYSE:FAF - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The insurance provider reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.19. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.53 billion. First American Financial had a return on equity of 9.35% and a net margin of 2.14%. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. As a group, research analysts anticipate that First American Financial Co. will post 5.35 earnings per share for the current year.

First American Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be paid a dividend of $0.54 per share. 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 dividend payout ratio is presently 143.05%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Keefe, Bruyette & Woods increased their price objective on First American Financial from $75.00 to $77.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Stephens raised their price objective on First American Financial from $73.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Wall Street Zen lowered First American Financial from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. Finally, Barclays upped their target price on First American Financial from $69.00 to $72.00 and gave the company an "equal weight" rating in a report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $75.00.

First American Financial 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.