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

ST Germain D J Co. Inc. boosted its holdings in First American Financial Corp (NYSE:FAF) by 5.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,815 shares of the insurance provider’s stock after buying an additional 6,035 shares during the period. ST Germain D J Co. Inc. owned approximately 0.10% of First American Financial worth $6,273,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in FAF. Dimensional Fund Advisors LP lifted its stake in First American Financial by 9.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,190,025 shares of the insurance provider’s stock worth $97,765,000 after acquiring an additional 195,946 shares in the last quarter. Jane Street Group LLC increased its position in First American Financial by 134.0% in the 4th quarter. Jane Street Group LLC now owns 11,939 shares of the insurance provider’s stock worth $533,000 after purchasing an additional 6,836 shares during the last quarter. Legal & General Group Plc increased its position in First American Financial by 2.5% in the 4th quarter. Legal & General Group Plc now owns 169,871 shares of the insurance provider’s stock worth $7,583,000 after purchasing an additional 4,073 shares during the last quarter. First Allied Advisory Services Inc. increased its position in First American Financial by 31.3% in the 4th quarter. First Allied Advisory Services Inc. now owns 6,315 shares of the insurance provider’s stock worth $281,000 after purchasing an additional 1,505 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in First American Financial by 12.0% in the 4th quarter. Nordea Investment Management AB now owns 90,259 shares of the insurance provider’s stock worth $4,029,000 after purchasing an additional 9,669 shares during the last quarter. Institutional investors and hedge funds own 83.01% of the company’s stock.

Several brokerages have weighed in on FAF. Piper Jaffray Companies set a $68.00 target price on First American Financial and gave the stock a “buy” rating in a research report on Friday, July 26th. Susquehanna Bancshares began coverage on First American Financial in a research report on Wednesday, June 19th. They issued a “positive” rating and a $73.00 target price on the stock. Barclays set a $68.00 target price on First American Financial and gave the stock a “buy” rating in a research report on Friday, July 26th. Compass Point set a $60.00 target price on First American Financial and gave the stock a “hold” rating in a research report on Friday, July 26th. Finally, Zacks Investment Research raised First American Financial from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $66.00.

FAF stock traded down $1.06 during mid-day trading on Friday, hitting $56.81. The stock had a trading volume of 499,117 shares, compared to its average volume of 581,920. First American Financial Corp has a 1-year low of $41.96 and a 1-year high of $58.82. The business’s fifty day moving average price is $55.09. The stock has a market cap of $6.49 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 1.08 and a beta of 0.91.

First American Financial (NYSE:FAF) last issued its quarterly earnings data on Thursday, July 25th. The insurance provider reported $1.58 EPS for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.23. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.52 billion. First American Financial had a return on equity of 14.77% and a net margin of 9.36%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.37 EPS. As a group, equities research analysts predict that First American Financial Corp will post 4.86 EPS for the current year.

In other First American Financial news, COO Christopher Michael Leavell sold 10,006 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $57.99, for a total value of $580,247.94. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.00% of the company’s stock.

First American Financial Company Profile

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Specialty Insurance segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services.

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Institutional Ownership by Quarter for First American Financial (NYSE:FAF)

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