First American Financial Co. (NYSE:FAF) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP trimmed its position in First American Financial Co. (NYSE:FAF - Free Report) by 28.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,400 shares of the insurance provider's stock after selling 55,500 shares during the quarter. Two Sigma Advisers LP owned 0.13% of First American Financial worth $8,579,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. UMB Bank n.a. raised its holdings in shares of First American Financial by 66.9% in the 4th quarter. UMB Bank n.a. now owns 524 shares of the insurance provider's stock worth $33,000 after purchasing an additional 210 shares during the period. Jones Financial Companies Lllp raised its holdings 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 worth $42,000 after purchasing an additional 245 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of 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 valued at $84,000 after buying an additional 173 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings 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 valued at $94,000 after buying an additional 230 shares during the period. Finally, Venturi Wealth Management LLC raised its holdings in shares of First American Financial by 314.7% during the 4th quarter. Venturi Wealth Management LLC now owns 2,592 shares of the insurance provider's stock valued at $162,000 after buying an additional 1,967 shares during the period. 89.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FAF has been the topic of several analyst reports. Wall Street Zen upgraded First American Financial from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Barclays raised their target price 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. Stephens raised their target price on First American Financial from $73.00 to $78.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Finally, 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, First American Financial currently has a consensus rating of "Moderate Buy" and an average price target of $75.00.

First American Financial Trading Up 0.4%

NYSE FAF traded up $0.20 during mid-day trading on Thursday, reaching $54.31. 290,530 shares of the company's stock traded hands, compared to its average volume of 683,596. First American Financial Co. has a 1-year low of $51.85 and a 1-year high of $70.92. The company has a fifty day simple moving average of $60.63 and a 200-day simple moving average of $62.92. The company has a market cap of $5.59 billion, a price-to-earnings ratio of 43.47 and a beta of 1.29.

First American Financial (NYSE:FAF - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.19. First American Financial had a return on equity of 9.35% and a net margin of 2.14%. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the firm earned $0.45 EPS. First American Financial's quarterly revenue was up 11.1% on a year-over-year basis. Equities research analysts forecast that First American Financial Co. will post 5.35 earnings per share for the current fiscal year.

First American Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $2.16 dividend on an annualized basis and a yield of 3.98%. First American Financial's dividend payout ratio (DPR) 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.