Natixis Advisors L.P. Purchases 31,718 Shares of First American Financial Co. (NYSE:FAF)

Natixis Advisors L.P. raised its position in First American Financial Co. (NYSE:FAF - Free Report) by 13.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 273,816 shares of the insurance provider's stock after purchasing an additional 31,718 shares during the period. Natixis Advisors L.P. owned 0.27% of First American Financial worth $17,643,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position 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 worth $572,116,000 after purchasing an additional 81,888 shares during the period. Boston Partners increased its stake 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 acquiring an additional 473,961 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake 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 acquiring an additional 72,860 shares in the last quarter. Victory Capital Management Inc. increased its stake 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 acquiring an additional 133,807 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in First American Financial by 46.1% during 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 in the last quarter. Institutional investors and hedge funds own 89.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. TheStreet lowered shares of First American Financial from a "b-" rating to a "c+" rating in a research note on Tuesday, March 12th. Keefe, Bruyette & Woods raised shares of First American Financial from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $66.00 to $69.00 in a report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft started coverage on shares of First American Financial in a report on Wednesday, January 10th. They set a "buy" rating on the stock. Finally, Stephens reaffirmed an "overweight" rating and set a $72.00 price objective on shares of First American Financial in a report on Thursday, April 25th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, First American Financial has an average rating of "Moderate Buy" and a consensus target price of $67.75.

First American Financial Trading Down 0.1 %

Shares of NYSE:FAF traded down $0.08 during midday trading on Tuesday, reaching $54.86. The company had a trading volume of 612,920 shares, compared to its average volume of 702,996. The company's 50 day moving average price is $57.05 and its 200 day moving average price is $58.40. The stock has a market cap of $5.69 billion, a P/E ratio of 26.31 and a beta of 1.28. First American Financial Co. has a 52-week low of $49.55 and a 52-week high of $65.54.

First American Financial (NYSE:FAF - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The insurance provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.22). The business had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.42 billion. First American Financial had a net margin of 3.64% and a return on equity of 8.17%. First American Financial's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. Research analysts forecast that First American Financial Co. will post 4.28 EPS for the current fiscal year.

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.