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

Two Sigma Investments LP lessened its holdings in First American Financial Co. (NYSE:FAF - Free Report) by 84.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,452 shares of the insurance provider's stock after selling 281,073 shares during the quarter. Two Sigma Investments LP owned 0.05% of First American Financial worth $3,275,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in First American Financial by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 10,625,017 shares of the insurance provider's stock valued at $663,426,000 after purchasing an additional 107,925 shares in the last quarter. FMR LLC grew its position in shares of First American Financial by 20.8% during the fourth quarter. FMR LLC now owns 6,046,743 shares of the insurance provider's stock worth $377,559,000 after purchasing an additional 1,042,145 shares in the last quarter. Ariel Investments LLC boosted its holdings in shares of 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 valued at $249,333,000 after purchasing an additional 359,777 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of First American Financial by 3.4% in 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. boosted its holdings in shares of First American Financial by 3.1% in the 4th 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 during the period. 89.05% of the stock is owned by institutional investors.

First American Financial Trading Up 0.2%

FAF traded up $0.12 on Tuesday, reaching $55.27. The stock had a trading volume of 104,903 shares, compared to its average volume of 742,362. The business's 50-day moving average price is $59.99 and its two-hundred day moving average price is $62.71. The company has a market cap of $5.69 billion, a P/E ratio of 44.22 and a beta of 1.29. First American Financial Co. has a 12-month low of $51.85 and a 12-month high of $70.92.

First American Financial (NYSE:FAF - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $0.84 earnings per share for the quarter, topping 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 company had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter in the prior year, the firm posted $0.45 EPS. First American Financial's quarterly revenue was up 11.1% compared to the same quarter last year. As a group, analysts predict that First American Financial Co. will post 5.35 earnings per share for the current year.

First American Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be given a dividend of $0.54 per share. The ex-dividend date is Monday, June 9th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.91%. First American Financial's dividend payout ratio (DPR) is 143.05%.

Analyst Ratings Changes

FAF has been the topic of a number of recent analyst reports. Stephens increased their target price on First American Financial from $73.00 to $78.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Barclays lifted their price objective on shares of First American Financial from $69.00 to $72.00 and gave the stock an "equal weight" rating in a research report on Friday, April 25th. Wall Street Zen upgraded First American Financial from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, Keefe, Bruyette & Woods increased their price objective 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 equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $75.00.

About First American Financial

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.