California Public Employees’ Retirement Plan Owns $12.2 Million in First American Financial Company (NYSE:FAF)

Retirement


The California Public Employees’ Retirement Plan will take a 1.0% stake in First American Financial Company (NYSE: FAF – Get Rating) in the fourth quarter, according to the company’s latest Form 13F filing with the Securities and Exchange Commission. reduced. The company held 233,052 shares in the insurance company after selling 2,309 shares during the period. The California Public Employees’ Retirement Plan owned approximately 0.23% of First American Financial stock, valued at $12,198,000, as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently increased or decreased their stakes in the company. Captrust Financial Advisors increased his First American Financial stock holdings by 2.4% in the first quarter. Captrust Financial Advisors now owns 7,282 shares of the insurance company, valued at $472,000, after purchasing an additional 174 shares last quarter. Formidable Asset Management LLC increased his holding in First American Financial shares by 2.4% in the third quarter. Formidable Asset Management LLC purchased an additional 192 shares last quarter and now owns 8,093 shares of the insurance company, valued at $373,000. The Arizona Retirement System increased its stake in First American Financial by 0.7% in the fourth quarter. The Arizona Retirement Plan now owns 29,393 shares of the insurance company, worth $1,538,000, after purchasing an additional 206 shares last quarter. Summerhaven Investment Management LLC increased its stake in First American Financial by 1.5% in the fourth quarter. SummerHaven Investment Management LLC purchased an additional 213 shares last quarter and now owns 14,198 shares of the insurance company, valued at $743,000. Finally, Fifth Third Bancorp increased its stake in First American Financial by 69.0% in the third quarter. Fifth Third Bancorp now owns 583 shares in the insurance company, worth $27,000, after purchasing an additional 238 shares last quarter. 84.45% of the shares are held by institutional investors and hedge funds.

Wall Street analysts forecast growth

FAF has been the subject of several analyst reports. TheStreet downgraded First American Financial from a ‘b-‘ rating to a ‘c+’ rating in a report on Friday, March 17. In a research report on Friday, February 10, Stevens upgraded First American Financial’s rating from “equal weight” to “overweight” and raised its price target to $72.00 from $65.00. Barclays lowered its price target on First American Financial from $65.00 to $63.00 in a research report on Friday, April 28. Finally, StockNews.com began covering First American Financial in a research report on Thursday, March 16th. They issued a “Hold” rating on the stock. Two research analysts have a hold rating on the company’s stock, and four have a buy rating. Based on MarketBeat.com data, the company currently has an average rating of “Moderate Buy” and an average price target of $68.40.

First U.S. Financial Price Performance

The NYSE FAF opened Monday at $56.29. His 50-day moving average price for this company is $55.65 and his 200-day moving average price is $55.59. The First American Financial Company hit a 52-week low of $43.54 and a 52-week high of $64.66. The stock has a market cap of $5.81 billion, a P/E price of 28.29 times, and a beta of 1.26 times.

First American Financial (NYSE:FAF – Get Rating) last reported quarterly results on Thursday, February 9th. The insurer reported EPS of $1.35 for the quarter, which was below analyst consensus expectations of $1.45 ($0.10). First American Financial had a net margin of 3.01% and a return on equity of 12.16%. The company had revenue of $1.69 billion for the quarter, compared with consensus expectations of $1.82 billion. The company posted earnings of $2.28 per share in the same period last year. The company’s revenue fell by 29.0% year-on-year. Sell-side analysts expect the group as a whole to post earnings per share of $4.61 this year for First American Financial Company.

First American Financial Announces Dividend

The company also recently announced a quarterly dividend to be paid on Thursday, June 15. Shareholders of record on Thursday, June 8 will be paid his $0.52 dividend. This equates to a dividend of $2.08 for him on an annualized basis and a dividend yield of 3.70% for him. The ex-dividend date for this dividend will be June 7 (Wednesday). First American Financial’s dividend payout ratio is 104.52%.

Overview of America’s first financial company

(get rating)

First American Financial Corp. is engaged in providing title insurance and settlement services to the real estate and mortgage industries. We also offer other financial services and risk solutions. It operates through the Title Insurance and Services, Specialty Insurance, and Corporate segments.

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