547 Shares in First American Financial Co. (NYSE:FAF) Purchased by GAMMA Investing LLC

GAMMA Investing LLC purchased a new position in First American Financial Co. (NYSE:FAF) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 547 shares of the insurance provider’s stock, valued at approximately $33,000.

Several other institutional investors have also added to or reduced their stakes in FAF. Boston Partners lifted its holdings in First American Financial by 17.6% during the third 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. Vaughan Nelson Investment Management L.P. grew its position in First American Financial by 46.1% during the fourth 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 acquiring an additional 387,848 shares during the last quarter. Invesco Ltd. grew its position in First American Financial by 43.6% during the third quarter. Invesco Ltd. now owns 459,317 shares of the insurance provider’s stock valued at $25,947,000 after acquiring an additional 139,532 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of First American Financial by 6.7% in the third quarter. Victory Capital Management Inc. now owns 2,135,149 shares of the insurance provider’s stock worth $120,615,000 after purchasing an additional 133,807 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of First American Financial by 13.7% in the third quarter. Northern Trust Corp now owns 972,290 shares of the insurance provider’s stock worth $54,925,000 after purchasing an additional 116,868 shares during the last quarter. 89.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on First American Financial in a research note on Wednesday, January 10th. They issued a “buy” rating for the company. Keefe, Bruyette & Woods upgraded 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. Stephens restated an “overweight” rating and set a $72.00 price target on shares of First American Financial in a research note on Thursday, April 25th. Finally, TheStreet downgraded First American Financial from a “b-” rating to a “c+” rating in a research note on Tuesday, March 12th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $67.75.

First American Financial Trading Up 0.5 %

NYSE FAF opened at $54.38 on Monday. The stock’s 50 day moving average is $57.10 and its 200 day moving average is $58.37. First American Financial Co. has a 12 month low of $49.55 and a 12 month high of $65.54. The stock has a market cap of $5.64 billion, a PE ratio of 26.02 and a beta of 1.28.

First American Financial (NYSE:FAF) last issued its quarterly earnings data 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 analysts’ expectations of $1.42 billion. First American Financial had a return on equity of 8.17% and a net margin of 3.64%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same period last year, the company earned $0.49 earnings per share. On average, analysts forecast that First American Financial Co. will post 4.28 EPS for the current fiscal year.

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.