MetLife Investment Advisors LLC increased its holdings in shares of First American Financial Corp (NYSE:FAF) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,106 shares of the insurance provider’s stock after buying an additional 1,010 shares during the period. MetLife Investment Advisors LLC owned 0.06% of First American Financial worth $3,626,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in shares of First American Financial by 83.0% in the first quarter. JPMorgan Chase & Co. now owns 1,467,241 shares of the insurance provider’s stock valued at $86,098,000 after buying an additional 665,393 shares during the period. BlackRock Inc. boosted its holdings in First American Financial by 5.7% during the second quarter. BlackRock Inc. now owns 10,865,847 shares of the insurance provider’s stock worth $561,982,000 after purchasing an additional 586,268 shares during the last quarter. Millennium Management LLC boosted its holdings in First American Financial by 73.3% during the first quarter. Millennium Management LLC now owns 983,685 shares of the insurance provider’s stock worth $57,723,000 after purchasing an additional 415,975 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in First American Financial by 70.7% during the first quarter. Principal Financial Group Inc. now owns 966,832 shares of the insurance provider’s stock worth $56,733,000 after purchasing an additional 400,378 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in First American Financial by 791.4% during the second quarter. BNP Paribas Arbitrage SA now owns 440,727 shares of the insurance provider’s stock worth $22,794,000 after purchasing an additional 391,283 shares during the last quarter. Hedge funds and other institutional investors own 84.39% of the company’s stock.

In other news, insider Matthew F. Wajner sold 4,982 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $57.29, for a total value of $285,418.78. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Kenneth D. Degiorgio sold 13,871 shares of the firm’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $57.25, for a total transaction of $794,114.75. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

Shares of FAF stock traded up $0.28 on Friday, hitting $46.27. The company’s stock had a trading volume of 1,451,238 shares, compared to its average volume of 693,061. The company has a market capitalization of $5.76 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 0.87 and a beta of 0.70. First American Financial Corp has a fifty-two week low of $45.08 and a fifty-two week high of $62.71.

First American Financial (NYSE:FAF) last announced its quarterly earnings data on Thursday, July 26th. The insurance provider reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.13. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.47 billion. First American Financial had a net margin of 8.19% and a return on equity of 15.03%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 earnings per share. On average, equities research analysts anticipate that First American Financial Corp will post 4.58 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 17th. Stockholders of record on Monday, September 10th were paid a $0.42 dividend. This is an increase from First American Financial’s previous quarterly dividend of $0.38. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date was Friday, September 7th. First American Financial’s dividend payout ratio (DPR) is presently 61.09%.

Several analysts have issued reports on FAF shares. Zacks Investment Research lowered shares of First American Financial from a “buy” rating to a “hold” rating in a research report on Friday, October 5th. ValuEngine lowered shares of First American Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. Piper Jaffray Companies upped their price target on shares of First American Financial from $63.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, July 27th. Finally, Keefe, Bruyette & Woods raised shares of First American Financial from a “market perform” rating to an “outperform” rating and set a $39.00 price objective on the stock in a research report on Monday, July 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $57.50.

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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