First American Financial Corporation (NYSE:FAF) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in shares of First American Financial Corporation (NYSE:FAF - Free Report) by 8.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,364,247 shares of the insurance provider's stock after selling 209,541 shares during the quarter. Victory Capital Management Inc. owned about 2.29% of First American Financial worth $155,166,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. CWM LLC raised its stake in shares of First American Financial by 69.2% during the first quarter. CWM LLC now owns 25,625 shares of the insurance provider's stock worth $1,682,000 after purchasing an additional 10,482 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of First American Financial by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 28,900 shares of the insurance provider's stock worth $1,897,000 after purchasing an additional 300 shares during the last quarter. State of Michigan Retirement System raised its stake in shares of First American Financial by 1.2% during the first quarter. State of Michigan Retirement System now owns 24,664 shares of the insurance provider's stock worth $1,619,000 after purchasing an additional 300 shares during the last quarter. Cerity Partners LLC raised its stake in shares of First American Financial by 23.9% during the first quarter. Cerity Partners LLC now owns 33,033 shares of the insurance provider's stock worth $2,168,000 after purchasing an additional 6,374 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of First American Financial by 44.8% during the first quarter. Nisa Investment Advisors LLC now owns 13,807 shares of the insurance provider's stock worth $906,000 after purchasing an additional 4,274 shares during the last quarter. Hedge funds and other institutional investors own 89.05% of the company's stock.

First American Financial Stock Up 0.2%

FAF stock traded up $0.14 on Friday, reaching $56.31. 968,355 shares of the company's stock were exchanged, compared to its average volume of 916,680. The stock has a fifty day moving average of $58.40 and a 200-day moving average of $61.06. First American Financial Corporation has a twelve month low of $53.09 and a twelve month high of $70.92. The firm has a market cap of $5.79 billion, a PE ratio of 37.29 and a beta of 1.24.

First American Financial (NYSE:FAF - Get Free Report) last posted its earnings results 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. 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%. First American Financial's revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 earnings per share. On average, equities research analysts predict that First American Financial Corporation will post 5.35 EPS for the current fiscal year.

First American Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 9th were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date was Monday, June 9th. First American Financial's payout ratio is currently 143.05%.

Wall Street Analysts Forecast Growth

FAF has been the subject of several analyst reports. Barclays cut their price target on First American Financial from $72.00 to $70.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 8th. Wall Street Zen lowered First American Financial from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Keefe, Bruyette & Woods upped their price objective on First American Financial from $75.00 to $77.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $74.50.

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.