First American Financial Corporation (NYSE:FAF) Stake Boosted by Penserra Capital Management LLC

Penserra Capital Management LLC raised its position in First American Financial Corporation (NYSE:FAF - Free Report) by 137.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 10,548 shares of the insurance provider's stock after purchasing an additional 6,115 shares during the period. Penserra Capital Management LLC's holdings in First American Financial were worth $691,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FAF. Nomura Asset Management Co. Ltd. grew its holdings in 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 valued at $94,000 after buying an additional 230 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of First American Financial by 0.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 84,344 shares of the insurance provider's stock worth $5,266,000 after buying an additional 230 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of 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 in the last quarter. Townsquare Capital LLC increased its position in shares of First American Financial by 2.6% in the fourth quarter. Townsquare Capital LLC now owns 9,992 shares of the insurance provider's stock worth $624,000 after acquiring an additional 251 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of First American Financial by 23.9% in the 1st quarter. GAMMA Investing LLC now owns 1,327 shares of the insurance provider's stock valued at $87,000 after acquiring an additional 256 shares during the period. Hedge funds and other institutional investors own 89.05% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on FAF. Keefe, Bruyette & Woods raised their target price on First American Financial from $75.00 to $77.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Wall Street Zen raised shares of First American Financial from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Finally, Barclays decreased their price objective on shares of First American Financial from $72.00 to $70.00 and set an "equal weight" rating for the company in a research report on Tuesday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, First American Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.50.

First American Financial Stock Up 2.6%

Shares of FAF traded up $1.47 during trading on Friday, reaching $58.04. The company's stock had a trading volume of 3,957,895 shares, compared to its average volume of 796,234. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 11.78 and a beta of 1.24. The company has a fifty day moving average of $58.83 and a two-hundred day moving average of $61.26. First American Financial Corporation has a twelve month low of $53.09 and a twelve month high of $70.92.

First American Financial (NYSE:FAF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.19. The firm 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 quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. As a group, equities analysts forecast that First American Financial Corporation will post 5.35 EPS for the current fiscal year.

First American Financial Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Monday, June 9th. This represents a $2.16 annualized dividend and a dividend yield of 3.72%. First American Financial's payout ratio is 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.