NewSquare Capital LLC Buys 3,116 Shares of First American Financial Co. (NYSE:FAF)

NewSquare Capital LLC lifted its stake in First American Financial Co. (NYSE:FAF) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 130,532 shares of the insurance provider’s stock after buying an additional 3,116 shares during the quarter. NewSquare Capital LLC’s holdings in First American Financial were worth $8,282,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in FAF. Impact Partnership Wealth LLC bought a new position in shares of First American Financial in the third quarter worth about $167,000. B & T Capital Management DBA Alpha Capital Management grew its position in shares of First American Financial by 2.9% during the third quarter. B & T Capital Management DBA Alpha Capital Management now owns 62,198 shares of the insurance provider’s stock worth $3,514,000 after purchasing an additional 1,776 shares in the last quarter. Oak Thistle LLC grew its position in shares of First American Financial by 231.4% during the third quarter. Oak Thistle LLC now owns 19,250 shares of the insurance provider’s stock worth $1,087,000 after purchasing an additional 13,442 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of First American Financial by 33.6% during the third quarter. Handelsbanken Fonder AB now owns 20,260 shares of the insurance provider’s stock worth $1,144,000 after purchasing an additional 5,100 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC grew its holdings in First American Financial by 3.2% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 21,828 shares of the insurance provider’s stock valued at $1,233,000 after buying an additional 679 shares in the last quarter. Institutional investors own 89.05% of the company’s stock.

First American Financial Price Performance

Shares of NYSE:FAF traded up $1.06 during trading on Tuesday, hitting $58.16. The company had a trading volume of 541,390 shares, compared to its average volume of 695,254. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 27.95 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. The company has a fifty day simple moving average of $57.73 and a two-hundred day simple moving average of $58.27.

First American Financial (NYSE:FAF) last issued its quarterly earnings results on Thursday, February 8th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). First American Financial had a return on equity of 8.27% and a net margin of 3.61%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the business posted $1.35 earnings per share. First American Financial’s revenue was down 15.2% on a year-over-year basis. On average, equities research analysts anticipate that First American Financial Co. will post 4.29 earnings per share for the current year.

First American Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 8th were paid a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Thursday, March 7th. First American Financial’s dividend payout ratio is currently 101.92%.

Analyst Upgrades and Downgrades

FAF has been the subject of several research analyst reports. Keefe, Bruyette & Woods upgraded First American Financial from a “market perform” rating to an “outperform” rating and raised their price target for the company from $66.00 to $69.00 in a report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft initiated coverage on First American Financial in a report on Wednesday, January 10th. They set a “buy” rating for the company. TheStreet cut First American Financial from a “b-” rating to a “c+” rating in a report on Tuesday, March 12th. Finally, Stephens restated an “overweight” rating and set a $73.00 price target on shares of First American Financial in a report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $68.00.

About First American Financial

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.