Anchor Capital Advisors LLC Has $67.40 Million Stock Position in First American Financial Co. (NYSE:FAF)

Anchor Capital Advisors LLC lessened 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 (SEC). The institutional investor owned 1,045,935 shares of the insurance provider's stock after selling 90,482 shares during the quarter. First American Financial comprises 1.8% of Anchor Capital Advisors LLC's holdings, making the stock its 11th largest position. Anchor Capital Advisors LLC owned 1.01% of First American Financial worth $67,400,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new stake in First American Financial in the 4th quarter valued at $33,000. Headlands Technologies LLC acquired a new position in shares of First American Financial during the 4th quarter valued at about $44,000. Chilton Capital Management LLC purchased a new stake in shares of First American Financial in the fourth quarter valued at about $64,000. International Assets Investment Management LLC acquired a new stake in First American Financial during the fourth quarter worth about $87,000. Finally, Stephenson & Company Inc. purchased a new position in First American Financial during the fourth quarter worth about $228,000. Institutional investors and hedge funds own 89.05% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised shares of First American Financial from a "market perform" rating to an "outperform" rating and increased their price target 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 set a "buy" rating for the company. TheStreet lowered First American Financial from a "b-" rating to a "c+" rating in a research note on Tuesday, March 12th. Finally, Stephens reiterated an "overweight" rating and set a $72.00 price target on shares of First American Financial in a report on Thursday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $67.75.

First American Financial Stock Performance

Shares of FAF traded down $0.04 during midday trading on Monday, hitting $54.18. 745,818 shares of the stock were exchanged, compared to its average volume of 707,454. First American Financial Co. has a 52-week low of $49.55 and a 52-week high of $65.54. The stock has a fifty day simple moving average of $57.41 and a 200 day simple moving average of $58.34. The firm has a market cap of $5.61 billion, a P/E ratio of 25.92 and a beta of 1.28.

First American Financial (NYSE:FAF - Get Free Report) last posted its earnings results on Thursday, April 25th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.22). The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.42 billion. First American Financial had a return on equity of 8.18% and a net margin of 3.64%. First American Financial's revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. As a group, equities research analysts forecast that First American Financial Co. will post 4.28 EPS for the current fiscal year.

First American Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 8th were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date was Thursday, March 7th. First American Financial's dividend payout ratio (DPR) is currently 101.44%.

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.