First American Financial Co. (NYSE:FAF) Shares Purchased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. increased its position in First American Financial Co. (NYSE:FAF - Free Report) by 46.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,229,294 shares of the insurance provider's stock after buying an additional 387,848 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 1.19% of First American Financial worth $79,216,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Bar Harbor Wealth Management purchased a new position in shares of First American Financial in the fourth quarter worth $2,673,000. Neo Ivy Capital Management increased its stake in shares of First American Financial by 119.2% in the third quarter. Neo Ivy Capital Management now owns 56,392 shares of the insurance provider's stock worth $3,186,000 after buying an additional 30,664 shares during the period. Qube Research & Technologies Ltd purchased a new position in shares of First American Financial in the third quarter worth $3,988,000. Boston Partners increased its stake in shares of First American Financial by 17.6% in the third quarter. Boston Partners now owns 3,169,320 shares of the insurance provider's stock worth $178,994,000 after buying an additional 473,961 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of First American Financial by 0.8% in the third quarter. Vanguard Group Inc. now owns 10,127,746 shares of the insurance provider's stock worth $572,116,000 after buying an additional 81,888 shares during the period. 89.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on FAF. Stephens reissued an "overweight" rating and set a $73.00 price objective on shares of First American Financial in a research report on Thursday, February 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of First American Financial in a research report on Wednesday, January 10th. They set a "buy" rating on the stock. Keefe, Bruyette & Woods raised shares of First American Financial from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $66.00 to $69.00 in a research report on Thursday, March 21st. Finally, TheStreet downgraded shares of First American Financial from a "b-" rating to a "c+" rating in a research report on Tuesday, March 12th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $68.00.

First American Financial Stock Up 0.4 %

Shares of FAF stock traded up $0.25 during mid-day trading on Friday, reaching $60.50. 832,384 shares of the company's stock traded hands, compared to its average volume of 835,563. First American Financial Co. has a 12 month low of $49.55 and a 12 month high of $65.54. The company has a market cap of $6.27 billion, a P/E ratio of 29.09 and a beta of 1.28. The company's 50-day moving average price is $58.44 and its 200-day moving average price is $58.23.

First American Financial (NYSE:FAF - Get Free Report) last announced its earnings results on Thursday, February 8th. The insurance provider reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.06). First American Financial had a net margin of 3.61% and a return on equity of 8.27%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the firm posted $1.35 EPS. The business's quarterly revenue was down 15.2% on a year-over-year basis. Equities analysts predict that First American Financial Co. will post 4.47 earnings per share for the current year.

First American Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 8th were issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend was Thursday, March 7th. First American Financial's dividend payout ratio (DPR) is presently 101.92%.

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.