ST Germain D J Co. Inc. Increases Position in First American Financial Co. (NYSE:FAF)

ST Germain D J Co. Inc. lifted its stake in shares of First American Financial Co. (NYSE:FAF) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 233,362 shares of the insurance provider’s stock after acquiring an additional 1,328 shares during the quarter. ST Germain D J Co. Inc. owned 0.23% of First American Financial worth $15,316,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp increased its position in shares of First American Financial by 57.6% during the fourth quarter. Jones Financial Companies Lllp now owns 670 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 245 shares during the period. Versant Capital Management Inc increased its position in shares of First American Financial by 645.7% during the first quarter. Versant Capital Management Inc now owns 962 shares of the insurance provider’s stock worth $63,000 after acquiring an additional 833 shares during the period. Parkside Financial Bank & Trust increased its position in shares of First American Financial by 14.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,340 shares of the insurance provider’s stock worth $84,000 after acquiring an additional 173 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of First American Financial by 18.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,510 shares of the insurance provider’s stock worth $94,000 after acquiring an additional 230 shares during the period. Finally, Venturi Wealth Management LLC increased its position in shares of First American Financial by 314.7% during the fourth quarter. Venturi Wealth Management LLC now owns 2,592 shares of the insurance provider’s stock worth $162,000 after acquiring an additional 1,967 shares during the period. Hedge funds and other institutional investors own 89.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on FAF shares. Barclays upped their price objective on First American Financial from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, April 25th. Keefe, Bruyette & Woods boosted their target price on shares of First American Financial from $75.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, April 28th. Wall Street Zen upgraded shares of First American Financial from a “hold” rating to a “buy” rating in a research note on Thursday, May 22nd. Finally, Stephens boosted their target price on shares of First American Financial from $73.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.00.

First American Financial Price Performance

NYSE FAF opened at $55.10 on Tuesday. First American Financial Co. has a 1 year low of $51.85 and a 1 year high of $70.92. The company has a market capitalization of $5.67 billion, a PE ratio of 44.08 and a beta of 1.29. The company has a fifty day moving average of $59.99 and a two-hundred day moving average of $62.71.

First American Financial (NYSE:FAF) last released its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.19. First American Financial had a net margin of 2.14% and a return on equity of 9.35%. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the firm posted $0.45 earnings per share. First American Financial’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, research analysts expect that First American Financial Co. will post 5.35 earnings per share for the current year.

First American Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 9th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $2.16 annualized dividend and a dividend yield of 3.92%. First American Financial’s dividend payout ratio (DPR) is 143.05%.

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.