Penserra Capital Management LLC Has $691,000 Position in First American Financial Corporation (NYSE:FAF)

Penserra Capital Management LLC lifted its position in shares of First American Financial Corporation (NYSE:FAF - Free Report) by 137.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in FAF. Alpine Bank Wealth Management bought a new position in First American Financial during the 1st quarter worth $28,000. Richardson Capital Management LLC bought a new position in First American Financial during the 1st quarter worth $39,000. Jones Financial Companies Lllp increased its stake in First American Financial by 57.6% during the 4th quarter. Jones Financial Companies Lllp now owns 670 shares of the insurance provider's stock worth $42,000 after acquiring an additional 245 shares during the period. Versant Capital Management Inc increased its stake in First American Financial by 645.7% during the 1st quarter. Versant Capital Management Inc now owns 962 shares of the insurance provider's stock worth $63,000 after acquiring an additional 833 shares during the period. Finally, UMB Bank n.a. increased its stake in First American Financial by 132.1% during the 1st quarter. UMB Bank n.a. now owns 1,216 shares of the insurance provider's stock worth $80,000 after acquiring an additional 692 shares during the period. Institutional investors own 89.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Barclays reduced their target price on First American Financial from $72.00 to $70.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 8th. 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. Finally, Wall Street Zen downgraded First American Financial from a "buy" rating to a "hold" rating in a report on Saturday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, First American Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.50.

First American Financial Price Performance

Shares of NYSE FAF traded down $1.77 during mid-day trading on Monday, hitting $56.37. 1,794,925 shares of the stock traded hands, compared to its average volume of 902,720. First American Financial Corporation has a twelve month low of $53.09 and a twelve month high of $70.92. The company has a market cap of $5.80 billion, a PE ratio of 37.33 and a beta of 1.24. The firm has a 50 day simple moving average of $58.83 and a two-hundred day simple moving average of $61.23.

First American Financial (NYSE:FAF - Get Free Report) last released its quarterly earnings data 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. First American Financial had a return on equity of 10.05% and a net margin of 2.52%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the business posted $0.45 EPS. First American Financial's revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities 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 company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.83%. The ex-dividend date was Monday, June 9th. First American Financial's dividend payout ratio (DPR) is 143.05%.

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.