Leeward Investments LLC MA Decreases Stock Holdings in First American Financial Co. (NYSE:FAF)

Leeward Investments LLC MA lowered its holdings in First American Financial Co. (NYSE:FAF) by 4.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 219,517 shares of the insurance provider’s stock after selling 9,403 shares during the period. Leeward Investments LLC MA owned about 0.21% of First American Financial worth $13,402,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Verition Fund Management LLC increased its holdings in First American Financial by 21.3% during the fourth quarter. Verition Fund Management LLC now owns 196,081 shares of the insurance provider’s stock worth $12,635,000 after buying an additional 34,444 shares during the last quarter. Bar Harbor Wealth Management purchased a new stake in First American Financial in the fourth quarter worth $2,673,000. Neo Ivy Capital Management lifted its position in shares of First American Financial by 119.2% during the 3rd quarter. Neo Ivy Capital Management now owns 56,392 shares of the insurance provider’s stock valued at $3,186,000 after buying an additional 30,664 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of First American Financial by 9.0% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,340,491 shares of the insurance provider’s stock worth $81,836,000 after acquiring an additional 111,197 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in First American Financial in the 4th quarter valued at about $1,969,000. 89.05% of the stock is owned by hedge funds and other institutional investors.

First American Financial Stock Performance

First American Financial stock traded down $0.22 during mid-day trading on Thursday, hitting $53.37. 237,910 shares of the company traded hands, compared to its average volume of 509,377. The stock has a fifty day moving average price of $54.54 and a 200-day moving average price of $57.75. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of 25.54 and a beta of 1.28. First American Financial Co. has a one year low of $49.55 and a one year high of $65.54.

First American Financial (NYSE:FAF) last posted its quarterly earnings data 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). First American Financial had a return on equity of 8.17% and a net margin of 3.64%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The business’s revenue was down 1.5% on a year-over-year basis. Sell-side analysts predict that First American Financial Co. will post 3.82 EPS for the current year.

First American Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.97%. The ex-dividend date was Monday, June 10th. First American Financial’s dividend payout ratio (DPR) is presently 101.44%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Stephens reaffirmed an “overweight” rating and issued a $72.00 price objective on shares of First American Financial in a report on Thursday, April 25th. TheStreet downgraded First American Financial from a “b-” rating to a “c+” rating in a research note on Tuesday, March 12th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of First American Financial from $67.00 to $63.00 and set an “outperform” rating on the stock in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, First American Financial currently has an average rating of “Moderate Buy” and a consensus price target of $66.25.

First American Financial 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.