Leeward Investments LLC MA Sells 9,157 Shares of First American Financial Corporation (NYSE:FAF)

Leeward Investments LLC MA reduced its holdings in First American Financial Corporation (NYSE:FAF - Free Report) by 4.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 205,762 shares of the insurance provider's stock after selling 9,157 shares during the quarter. Leeward Investments LLC MA owned approximately 0.20% of First American Financial worth $13,504,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in First American Financial by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 10,625,017 shares of the insurance provider's stock worth $663,426,000 after purchasing an additional 107,925 shares in the last quarter. FMR LLC lifted its position in First American Financial by 20.8% during the 4th quarter. FMR LLC now owns 6,046,743 shares of the insurance provider's stock worth $377,559,000 after buying an additional 1,042,145 shares in the last quarter. Ariel Investments LLC lifted its position in First American Financial by 9.9% during the 4th quarter. Ariel Investments LLC now owns 3,993,155 shares of the insurance provider's stock worth $249,333,000 after buying an additional 359,777 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in First American Financial by 3.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,963,516 shares of the insurance provider's stock worth $247,481,000 after buying an additional 129,863 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of First American Financial by 3.1% during the fourth quarter. Victory Capital Management Inc. now owns 2,573,788 shares of the insurance provider's stock worth $160,707,000 after purchasing an additional 78,022 shares in the last quarter. 89.05% of the stock is owned by institutional investors and hedge funds.

First American Financial Price Performance

Shares of First American Financial stock traded up $0.02 on Monday, hitting $63.27. 37,428 shares of the company's stock traded hands, compared to its average volume of 741,786. The firm's 50-day moving average price is $59.00 and its two-hundred day moving average price is $61.36. The stock has a market capitalization of $6.51 billion, a PE ratio of 41.94 and a beta of 1.24. First American Financial Corporation has a one year low of $52.39 and a one year high of $70.92.

First American Financial (NYSE:FAF - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.84 EPS for the quarter, beating 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 10.05% and a net margin of 2.52%. The firm's revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 earnings per share. On average, analysts forecast 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 declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 9th were paid 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 3.41%. First American Financial's dividend payout ratio (DPR) is presently 143.05%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Keefe, Bruyette & Woods upped their price objective on First American Financial from $75.00 to $77.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Barclays upped their price target on First American Financial from $69.00 to $72.00 and gave the company an "equal weight" rating in a research note on Friday, April 25th. Finally, Wall Street Zen raised First American Financial from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, First American Financial presently 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.