Boston Partners Purchases 425,243 Shares of First American Financial Co. (NYSE:FAF)

Boston Partners boosted its position in First American Financial Co. (NYSE:FAF - Free Report) by 13.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,594,563 shares of the insurance provider's stock after purchasing an additional 425,243 shares during the quarter. Boston Partners owned about 3.48% of First American Financial worth $231,608,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FAF. Benjamin F. Edwards & Company Inc. bought a new stake in First American Financial in the 4th quarter valued at $26,000. GAMMA Investing LLC bought a new stake in shares of First American Financial during the 4th quarter valued at $33,000. Headlands Technologies LLC bought a new stake in shares of First American Financial during the 4th quarter valued at $44,000. Principal Securities Inc. bought a new stake in shares of First American Financial during the 4th quarter valued at $45,000. Finally, Chilton Capital Management LLC bought a new stake in shares of First American Financial during the 4th quarter valued at $64,000. 89.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on FAF. TheStreet downgraded First American Financial from a "b-" rating to a "c+" rating in a research report on Tuesday, March 12th. Stephens restated an "overweight" rating and set a $72.00 price objective on shares of First American Financial in a research report on Thursday, April 25th. Finally, Keefe, Bruyette & Woods upgraded First American Financial from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $66.00 to $69.00 in a research report on Thursday, March 21st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $67.75.

First American Financial Trading Down 0.2 %

FAF traded down $0.10 on Monday, reaching $55.91. The stock had a trading volume of 394,295 shares, compared to its average volume of 694,153. 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 50-day moving average of $56.79 and a 200-day moving average of $58.56. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 26.75 and a beta of 1.28.

First American Financial (NYSE:FAF - Get Free Report) last issued its earnings results on Thursday, April 25th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.22). The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.42 billion. First American Financial had a return on equity of 8.17% and a net margin of 3.64%. First American Financial's revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 EPS. Sell-side analysts anticipate that First American Financial Co. will post 4.11 EPS for the current fiscal year.

About First American Financial

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.

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