Cwm LLC Grows Stock Position in First American Financial Corporation (NYSE:FAF)

CWM LLC grew its position in First American Financial Corporation (NYSE:FAF - Free Report) by 69.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,625 shares of the insurance provider's stock after buying an additional 10,482 shares during the period. CWM LLC's holdings in First American Financial were worth $1,682,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FAF. Nomura Asset Management Co. Ltd. grew its stake in shares of First American Financial by 18.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,510 shares of the insurance provider's stock worth $94,000 after purchasing an additional 230 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of First American Financial by 0.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 84,344 shares of the insurance provider's stock worth $5,266,000 after purchasing an additional 230 shares during the period. Townsquare Capital LLC grew its stake in shares of First American Financial by 2.6% during the 4th quarter. Townsquare Capital LLC now owns 9,992 shares of the insurance provider's stock worth $624,000 after purchasing an additional 251 shares during the period. GAMMA Investing LLC grew its stake in shares of First American Financial by 23.9% during the 1st quarter. GAMMA Investing LLC now owns 1,327 shares of the insurance provider's stock worth $87,000 after purchasing an additional 256 shares during the period. Finally, Treasurer of the State of North Carolina grew its stake in First American Financial by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 43,932 shares of the insurance provider's stock valued at $2,743,000 after acquiring an additional 270 shares during the period. 89.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on FAF. Keefe, Bruyette & Woods lifted their price target on shares of First American Financial from $75.00 to $77.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Wall Street Zen cut shares of First American Financial from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Barclays lowered their target price on shares of First American Financial from $72.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, First American Financial has a consensus rating of "Moderate Buy" and a consensus target price of $74.50.

First American Financial Stock Performance

Shares of NYSE FAF traded up $1.04 during trading on Tuesday, hitting $57.47. 273,909 shares of the company were exchanged, compared to its average volume of 812,989. The firm has a market capitalization of $5.91 billion, a PE ratio of 38.08 and a beta of 1.24. First American Financial Corporation has a 12-month low of $53.09 and a 12-month high of $70.92. The company has a fifty day moving average price of $58.33 and a 200-day moving average price of $61.00.

First American Financial (NYSE:FAF - Get Free Report) last released its earnings results on Wednesday, April 23rd. The insurance provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.19. The company 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 10.05% and a net margin of 2.52%. First American Financial's revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 EPS. Research analysts anticipate that First American Financial Corporation will post 5.35 earnings per share for the current fiscal year.

First American Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date was Monday, June 9th. First American Financial's dividend payout ratio is presently 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.