Voloridge Investment Management LLC Cuts Position in First American Financial Co. (NYSE:FAF)

Voloridge Investment Management LLC cut its stake in shares of First American Financial Co. (NYSE:FAF - Free Report) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 161,892 shares of the insurance provider's stock after selling 25,239 shares during the period. Voloridge Investment Management LLC owned about 0.16% of First American Financial worth $10,109,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of FAF. Barclays PLC lifted its position in First American Financial by 15.2% during the third quarter. Barclays PLC now owns 60,821 shares of the insurance provider's stock valued at $4,016,000 after purchasing an additional 8,047 shares in the last quarter. UMB Bank n.a. lifted its position in First American Financial by 66.9% during the fourth quarter. UMB Bank n.a. now owns 524 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 210 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its position in First American Financial by 1.6% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 27,092 shares of the insurance provider's stock valued at $1,692,000 after purchasing an additional 433 shares in the last quarter. KBC Group NV lifted its position in First American Financial by 43.6% during the fourth quarter. KBC Group NV now owns 4,444 shares of the insurance provider's stock valued at $277,000 after purchasing an additional 1,349 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in First American Financial by 2.4% during the fourth quarter. Pacer Advisors Inc. now owns 15,353 shares of the insurance provider's stock valued at $959,000 after purchasing an additional 362 shares in the last quarter. 89.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FAF has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted their price objective on First American Financial from $75.00 to $77.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. Wall Street Zen upgraded First American Financial from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Stephens boosted their price objective on First American Financial from $73.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Finally, Barclays boosted their target price on 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. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.00.

First American Financial Trading Up 1.1%

Shares of NYSE:FAF traded up $0.62 during mid-day trading on Friday, reaching $55.59. The stock had a trading volume of 302,683 shares, compared to its average volume of 688,478. First American Financial Co. has a 1 year low of $51.85 and a 1 year high of $70.92. The business's 50 day moving average price is $60.40 and its 200 day moving average price is $62.85. The company has a market cap of $5.72 billion, a P/E ratio of 44.49 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 (EPS) 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 business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the business posted $0.45 earnings per share. The company's quarterly revenue was up 11.1% compared to the same quarter last year. Analysts predict that First American Financial Co. will post 5.35 earnings per share for the current fiscal 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 paid 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 3.89%. First American Financial's dividend payout ratio is 143.05%.

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.