SG Americas Securities LLC Invests $829,000 in First American Financial Corporation (NYSE:FAF)

SG Americas Securities LLC bought a new stake in shares of First American Financial Corporation (NYSE:FAF - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,637 shares of the insurance provider's stock, valued at approximately $829,000.

Other large investors have also bought and sold shares of the company. Jones Financial Companies Lllp boosted its position 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 boosted its position 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. UMB Bank n.a. boosted its position 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. GAMMA Investing LLC boosted its position in 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 acquiring an additional 256 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in First American Financial by 14.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,340 shares of the insurance provider's stock worth $84,000 after acquiring an additional 173 shares during the period. Institutional investors own 89.05% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Barclays lifted their price target 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. Wall Street Zen downgraded First American Financial from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Finally, Keefe, Bruyette & Woods lifted their price target on First American Financial from $75.00 to $77.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Two equities 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $75.00.

First American Financial Stock Performance

First American Financial stock traded up $1.48 on Monday, reaching $60.35. The company's stock had a trading volume of 779,030 shares, compared to its average volume of 727,762. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 39.97 and a beta of 1.22. The business's fifty day moving average price is $58.61 and its 200 day moving average price is $61.56. First American Financial Corporation has a twelve month low of $52.39 and a twelve month high of $70.92.

First American Financial (NYSE:FAF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.19. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.53 billion. First American Financial had a return on equity of 10.05% and a net margin of 2.52%. The business's revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 earnings per share. As a group, equities analysts forecast that First American Financial Corporation will post 5.35 earnings per share for the current year.

First American Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were issued a $0.54 dividend. The ex-dividend date of this dividend was Monday, June 9th. This represents a $2.16 dividend on an annualized basis and a yield of 3.58%. First American Financial's dividend payout ratio is presently 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.