First American Financial Co. (NYSE:FAF) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN trimmed its holdings in shares of First American Financial Co. (NYSE:FAF - Free Report) by 22.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,037 shares of the insurance provider's stock after selling 25,630 shares during the period. OLD National Bancorp IN owned 0.09% of First American Financial worth $5,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of FAF. Vanguard Group Inc. lifted its holdings in shares of First American Financial by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 10,127,746 shares of the insurance provider's stock valued at $572,116,000 after purchasing an additional 81,888 shares during the last quarter. Boston Partners lifted its holdings in shares of First American Financial by 17.6% in the 3rd quarter. Boston Partners now owns 3,169,320 shares of the insurance provider's stock valued at $178,994,000 after purchasing an additional 473,961 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of First American Financial by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,671,456 shares of the insurance provider's stock valued at $150,911,000 after purchasing an additional 72,860 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of First American Financial by 6.7% in the 3rd quarter. Victory Capital Management Inc. now owns 2,135,149 shares of the insurance provider's stock valued at $120,615,000 after purchasing an additional 133,807 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in shares of First American Financial by 46.1% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,229,294 shares of the insurance provider's stock valued at $79,216,000 after purchasing an additional 387,848 shares during the last quarter. 89.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FAF. TheStreet downgraded First American Financial from a "b-" rating to a "c+" rating in a report on Tuesday, March 12th. Stephens reaffirmed an "overweight" rating and set a $73.00 price objective on shares of First American Financial in a research note on Thursday, February 8th. Deutsche Bank Aktiengesellschaft assumed coverage on First American Financial in a research note on Wednesday, January 10th. They set a "buy" rating for the company. Finally, Keefe, Bruyette & Woods raised First American Financial from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $66.00 to $69.00 in a research note on Thursday, March 21st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, First American Financial has an average rating of "Moderate Buy" and an average target price of $68.00.

First American Financial Price Performance

NYSE FAF traded up $0.51 on Monday, hitting $57.09. 468,263 shares of the company's stock were exchanged, compared to its average volume of 697,252. The firm's 50-day moving average price is $57.73 and its two-hundred day moving average price is $58.27. First American Financial Co. has a fifty-two week low of $49.55 and a fifty-two week high of $65.54. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 27.45 and a beta of 1.28.

First American Financial (NYSE:FAF - Get Free Report) last released its earnings results on Thursday, February 8th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.06). First American Financial had a return on equity of 8.27% and a net margin of 3.61%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the firm posted $1.35 EPS. The business's revenue for the quarter was down 15.2% on a year-over-year basis. On average, research analysts predict that First American Financial Co. will post 4.29 earnings per share for the current fiscal year.

First American Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 8th were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend was Thursday, March 7th. First American Financial's payout ratio is 101.92%.

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.