Allspring Global Investments Holdings LLC Boosts Holdings in First American Financial Co. (NYSE:FAF)

Allspring Global Investments Holdings LLC boosted its position in First American Financial Co. (NYSE:FAF - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 299,344 shares of the insurance provider's stock after purchasing an additional 22,095 shares during the period. Allspring Global Investments Holdings LLC owned about 0.29% of First American Financial worth $19,290,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of FAF. Raymond James & Associates lifted its position in shares of First American Financial by 4.6% during the first quarter. Raymond James & Associates now owns 62,727 shares of the insurance provider's stock worth $4,066,000 after acquiring an additional 2,765 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of First American Financial by 2.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 10,501 shares of the insurance provider's stock worth $681,000 after buying an additional 294 shares in the last quarter. American Century Companies Inc. raised its position in shares of First American Financial by 19.7% in the first quarter. American Century Companies Inc. now owns 28,814 shares of the insurance provider's stock worth $1,868,000 after buying an additional 4,736 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of First American Financial by 7.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,725 shares of the insurance provider's stock worth $241,000 after buying an additional 247 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of First American Financial by 3.3% in the first quarter. BlackRock Inc. now owns 9,629,986 shares of the insurance provider's stock worth $624,215,000 after buying an additional 303,214 shares in the last quarter. Hedge funds and other institutional investors own 89.05% of the company's stock.

First American Financial Trading Down 1.7 %

Shares of NYSE:FAF traded down $0.95 on Monday, reaching $56.11. 447,270 shares of the company traded hands, compared to its average volume of 716,697. The business's 50-day simple moving average is $58.09 and its 200 day simple moving average is $58.22. First American Financial Co. has a 52 week low of $49.55 and a 52 week high of $65.54. The stock has a market capitalization of $5.81 billion, a P/E ratio of 26.97 and a beta of 1.28.

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

First American Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 8th were paid a $0.53 dividend. The ex-dividend date was Thursday, March 7th. This represents a $2.12 annualized dividend and a dividend yield of 3.78%. First American Financial's payout ratio is presently 101.92%.

Wall Street Analyst Weigh In

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

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.