UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 53,633 Shares of First American Financial Co. (NYSE:FAF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of First American Financial Co. (NYSE:FAF - Free Report) by 16.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 386,546 shares of the insurance provider's stock after buying an additional 53,633 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.38% of First American Financial worth $24,136,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of FAF. Barclays PLC boosted its holdings in shares of First American Financial by 15.2% during the 3rd quarter. Barclays PLC now owns 60,821 shares of the insurance provider's stock worth $4,016,000 after buying an additional 8,047 shares in the last quarter. KBC Group NV boosted its holdings in shares of First American Financial by 43.6% during the 4th quarter. KBC Group NV now owns 4,444 shares of the insurance provider's stock worth $277,000 after buying an additional 1,349 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of First American Financial by 2.4% during the 4th quarter. Pacer Advisors Inc. now owns 15,353 shares of the insurance provider's stock worth $959,000 after buying an additional 362 shares in the last quarter. Hunter Associates Investment Management LLC boosted its holdings in shares of First American Financial by 6.0% during the 4th quarter. Hunter Associates Investment Management LLC now owns 43,140 shares of the insurance provider's stock worth $2,690,000 after buying an additional 2,445 shares in the last quarter. Finally, Custom Index Systems LLC lifted its holdings in shares of First American Financial by 10.9% in the 4th quarter. Custom Index Systems LLC now owns 21,046 shares of the insurance provider's stock worth $1,314,000 after purchasing an additional 2,071 shares in the last quarter. 89.05% of the stock is currently owned by institutional investors.

First American Financial Stock Performance

FAF traded up $0.77 during mid-day trading on Thursday, reaching $54.88. 1,705,634 shares of the stock were exchanged, compared to its average volume of 689,901. The stock has a market capitalization of $5.65 billion, a PE ratio of 43.90 and a beta of 1.29. The company has a 50 day moving average price of $60.40 and a two-hundred day moving average price of $62.85. First American Financial Co. has a 1 year low of $51.85 and a 1 year 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.19. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.53 billion. First American Financial had a net margin of 2.14% and a return on equity of 9.35%. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 EPS. Sell-side analysts expect that First American Financial Co. will post 5.35 EPS for the current fiscal year.

First American Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date is Monday, June 9th. First American Financial's dividend payout ratio is 143.05%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FAF. Wall Street Zen upgraded First American Financial from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Barclays increased their target price on First American Financial from $69.00 to $72.00 and gave the stock an "equal weight" rating in a report on Friday, April 25th. Keefe, Bruyette & Woods increased their target price on First American Financial from $75.00 to $77.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Finally, Stephens increased their target price on First American Financial from $73.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, First American Financial presently has a consensus rating of "Moderate Buy" and an average price target of $75.00.

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.