Wealth Enhancement Advisory Services LLC Has $1.33 Million Stock Holdings in First American Financial Co. (NYSE:FAF)

Wealth Enhancement Advisory Services LLC lifted its position in First American Financial Co. (NYSE:FAF - Free Report) by 38.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,325 shares of the insurance provider's stock after acquiring an additional 5,889 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in First American Financial were worth $1,332,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FAF. Jones Financial Companies Lllp raised its holdings in shares of First American Financial by 57.6% during the fourth quarter. Jones Financial Companies Lllp now owns 670 shares of the insurance provider's stock valued at $42,000 after buying an additional 245 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in First American Financial by 14.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,340 shares of the insurance provider's stock worth $84,000 after purchasing an additional 173 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of First American Financial by 18.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,510 shares of the insurance provider's stock valued at $94,000 after acquiring an additional 230 shares during the period. Venturi Wealth Management LLC boosted its position in shares of First American Financial by 314.7% in the fourth quarter. Venturi Wealth Management LLC now owns 2,592 shares of the insurance provider's stock worth $162,000 after buying an additional 1,967 shares during the period. Finally, Quarry LP purchased a new position in First American Financial during the 4th quarter valued at about $179,000. Institutional investors own 89.05% of the company's stock.

First American Financial Price Performance

Shares of NYSE:FAF traded down $0.05 during midday trading on Monday, reaching $56.36. The company's stock had a trading volume of 951,809 shares, compared to its average volume of 707,367. The business's fifty day simple moving average is $59.18 and its 200-day simple moving average is $62.42. The company has a market capitalization of $5.80 billion, a P/E ratio of 45.09 and a beta of 1.22. First American Financial Co. has a fifty-two week low of $51.85 and a fifty-two week high of $70.92.

First American Financial (NYSE:FAF - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.19. The firm 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 9.35% and a net margin of 2.14%. The business's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company earned $0.45 EPS. On average, 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 announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend is Monday, June 9th. First American Financial's payout ratio is 143.05%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FAF. Wall Street Zen lowered First American Financial from a "buy" rating to a "hold" rating in a report on Friday. Stephens increased their target price on shares of First American Financial from $73.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Barclays boosted their price target on shares of First American Financial from $69.00 to $72.00 and gave the company an "equal weight" rating in a report on Friday, April 25th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $75.00.

First American Financial Company 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.