Ladenburg Thalmann Financial Services Inc. Acquires 918 Shares of First American Financial Corp (FAF)

Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of First American Financial Corp (NYSE:FAF) by 6.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,541 shares of the insurance provider’s stock after buying an additional 918 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in First American Financial were worth $870,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vident Investment Advisory LLC lifted its stake in shares of First American Financial by 5.5% during the 3rd quarter. Vident Investment Advisory LLC now owns 59,091 shares of the insurance provider’s stock valued at $2,952,000 after buying an additional 3,078 shares in the last quarter. Swiss National Bank lifted its stake in shares of First American Financial by 2.0% during the 4th quarter. Swiss National Bank now owns 188,600 shares of the insurance provider’s stock valued at $10,569,000 after buying an additional 3,700 shares in the last quarter. Royce & Associates LP lifted its stake in shares of First American Financial by 1.6% during the 4th quarter. Royce & Associates LP now owns 79,706 shares of the insurance provider’s stock valued at $4,467,000 after buying an additional 1,219 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of First American Financial by 35.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 125,023 shares of the insurance provider’s stock valued at $6,247,000 after buying an additional 32,616 shares in the last quarter. Finally, ARP Americas LP purchased a new stake in shares of First American Financial during the 4th quarter valued at approximately $333,000. Institutional investors own 84.91% of the company’s stock.

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NYSE FAF opened at $58.68 on Monday. First American Financial Corp has a 1 year low of $37.80 and a 1 year high of $62.71. The company has a market capitalization of $6,511.13, a price-to-earnings ratio of 21.34, a PEG ratio of 1.02 and a beta of 0.79.

First American Financial (NYSE:FAF) last posted its earnings results on Thursday, February 8th. The insurance provider reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.04. First American Financial had a net margin of 7.33% and a return on equity of 13.92%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the company posted $0.92 EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. equities analysts anticipate that First American Financial Corp will post 4.44 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 8th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Wednesday, March 7th. First American Financial’s dividend payout ratio is presently 55.27%.

A number of brokerages recently commented on FAF. Zacks Investment Research cut shares of First American Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, March 28th. Barclays lowered their target price on shares of First American Financial from $75.00 to $70.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. ValuEngine upgraded shares of First American Financial from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Stephens upgraded shares of First American Financial from an “equal” rating to a “weight” rating in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. First American Financial presently has a consensus rating of “Buy” and a consensus price target of $57.33.

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First American Financial Profile

First American Financial Corporation, through its subsidiaries, is engaged in the business of providing financial services. The Company operates through the title insurance and services segment, and specialty insurance segment. The title insurance and services segment provides title insurance, closing and/or escrow services and similar or related services domestically and internationally in connection with residential and commercial real estate transactions.

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

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