Leeward Investments LLC MA Has $14.75 Million Position in First American Financial Co. (NYSE:FAF)

Leeward Investments LLC MA reduced its stake in First American Financial Co. (NYSE:FAF) by 0.8% during the fourth quarter, HoldingsChannel reports. The firm owned 228,920 shares of the insurance provider’s stock after selling 1,787 shares during the quarter. Leeward Investments LLC MA’s holdings in First American Financial were worth $14,752,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. NewSquare Capital LLC boosted its stake in shares of First American Financial by 2.4% in the 4th quarter. NewSquare Capital LLC now owns 130,532 shares of the insurance provider’s stock valued at $8,282,000 after purchasing an additional 3,116 shares in the last quarter. GAMMA Investing LLC acquired a new stake in First American Financial during the 4th quarter worth approximately $33,000. Linden Thomas Advisory Services LLC boosted its position in First American Financial by 6.7% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 23,297 shares of the insurance provider’s stock worth $1,501,000 after buying an additional 1,469 shares during the period. Foster & Motley Inc. acquired a new stake in First American Financial during the 4th quarter worth approximately $251,000. Finally, Duality Advisers LP acquired a new stake in First American Financial during the 4th quarter worth approximately $1,563,000. 89.05% of the stock is currently owned by institutional investors and hedge funds.

First American Financial Stock Down 0.1 %

NYSE:FAF opened at $54.22 on Friday. The company has a fifty day moving average of $57.50 and a 200-day moving average of $58.27. The firm has a market capitalization of $5.62 billion, a P/E ratio of 25.94 and a beta of 1.28. First American Financial Co. has a twelve month low of $49.55 and a twelve month high of $65.54.

First American Financial (NYSE:FAF) last announced its quarterly earnings results on Wednesday, April 24th. The insurance provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.22). The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.42 billion. First American Financial had a net margin of 3.64% and a return on equity of 8.18%. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 EPS. On average, analysts anticipate that First American Financial Co. will post 4.28 EPS for the current fiscal year.

First American Financial Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FAF shares. Deutsche Bank Aktiengesellschaft started coverage on shares of First American Financial in a research report on Wednesday, January 10th. They set a “buy” rating on the stock. TheStreet downgraded shares of First American Financial from a “b-” rating to a “c+” rating in a research report on Tuesday, March 12th. Stephens reiterated an “overweight” rating and set a $72.00 target price on shares of First American Financial in a research report on Thursday. Finally, Keefe, Bruyette & Woods upgraded shares of First American Financial from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $66.00 to $69.00 in a report on Thursday, March 21st. 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, First American Financial currently has a consensus rating of “Moderate Buy” and an average target price of $67.75.

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.