Sigma Planning Corp Increases Holdings in First American Financial Corp (NYSE:FAF)

Sigma Planning Corp grew its holdings in First American Financial Corp (NYSE:FAF) by 23.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,076 shares of the insurance provider’s stock after acquiring an additional 1,155 shares during the period. Sigma Planning Corp’s holdings in First American Financial were worth $326,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. lifted its position in shares of First American Financial by 2.3% in the first quarter. BlackRock Inc. now owns 10,849,296 shares of the insurance provider’s stock valued at $558,739,000 after acquiring an additional 239,202 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of First American Financial by 9.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,190,025 shares of the insurance provider’s stock worth $97,765,000 after buying an additional 195,946 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of First American Financial by 0.5% in the first quarter. Victory Capital Management Inc. now owns 2,085,798 shares of the insurance provider’s stock worth $107,419,000 after buying an additional 10,516 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of First American Financial by 8.0% in the fourth quarter. Geode Capital Management LLC now owns 1,758,263 shares of the insurance provider’s stock worth $78,488,000 after buying an additional 130,582 shares in the last quarter. Finally, Anchor Capital Advisors LLC lifted its position in shares of First American Financial by 0.6% in the first quarter. Anchor Capital Advisors LLC now owns 1,078,778 shares of the insurance provider’s stock worth $55,557,000 after buying an additional 6,070 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

In other First American Financial news, COO Christopher Michael Leavell sold 10,006 shares of the company’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 transaction of $580,247.94. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.00% of the company’s stock.

NYSE:FAF opened at $58.43 on Thursday. First American Financial Corp has a 12 month low of $41.96 and a 12 month high of $58.82. The business’s 50-day moving average is $56.24 and its 200 day moving average is $53.84. The company has a market capitalization of $6.49 billion, a P/E ratio of 12.76, a P/E/G ratio of 1.07 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.23. First American Financial had a return on equity of 14.77% and a net margin of 9.36%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the business posted $1.37 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. Equities research analysts predict that First American Financial Corp will post 4.93 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, September 9th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $1.68 dividend on an annualized basis and a yield of 2.88%. First American Financial’s dividend payout ratio (DPR) is presently 36.68%.

A number of equities research analysts recently commented on FAF shares. 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. 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. Susquehanna Bancshares started 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. Finally, 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $66.00.

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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