Hsbc Holdings PLC cut its stake in shares of First American Financial Co. (NYSE:FAF) by 57.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,020 shares of the insurance provider’s stock after selling 20,534 shares during the period. Hsbc Holdings PLC’s holdings in First American Financial were worth $773,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in FAF. Safeguard Investment Advisory Group LLC bought a new position in shares of First American Financial in the fourth quarter worth about $30,000. Neo Ivy Capital Management bought a new stake in shares of First American Financial during the 3rd quarter valued at $34,000. International Assets Investment Management LLC purchased a new position in shares of First American Financial during the 4th quarter valued at $36,000. FIL Ltd boosted its holdings in First American Financial by 448.8% in the 4th quarter. FIL Ltd now owns 878 shares of the insurance provider’s stock worth $45,000 after buying an additional 718 shares during the period. Finally, Itau Unibanco Holding S.A. purchased a new stake in First American Financial in the 4th quarter worth $47,000. 83.32% of the stock is owned by institutional investors and hedge funds.

First American Financial stock opened at $58.78 on Thursday. First American Financial Co. has a 1-year low of $39.03 and a 1-year high of $58.89. The company’s 50-day moving average is $55.30 and its 200 day moving average is $52.43. The firm has a market capitalization of $6.45 billion, a P/E ratio of 10.39 and a beta of 1.13.

First American Financial (NYSE:FAF) last released its quarterly earnings data on Wednesday, February 10th. The insurance provider reported $2.11 EPS for the quarter, topping the consensus estimate of $1.72 by $0.39. First American Financial had a return on equity of 13.06% and a net margin of 9.61%. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $1.88 billion. On average, equities analysts predict that First American Financial Co. will post 5.62 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Monday, March 8th were paid a dividend of $0.46 per share. The ex-dividend date was Friday, March 5th. This represents a $1.84 annualized dividend and a dividend yield of 3.13%. First American Financial’s dividend payout ratio is currently 31.94%.

Several analysts recently issued reports on FAF shares. Barclays increased their target price on First American Financial from $68.00 to $73.00 and gave the stock an “overweight” rating in a research report on Friday, February 12th. Susquehanna upped their price target on shares of First American Financial from $63.00 to $67.00 and gave the company a “positive” rating in a research note on Friday, February 12th. Zacks Investment Research raised shares of First American Financial from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research note on Tuesday, January 19th. Finally, Susquehanna Bancshares upped their target price on shares of First American Financial from $63.00 to $67.00 and gave the company a “positive” rating in a research report on Friday, February 12th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. First American Financial currently has a consensus rating of “Buy” and an average target price of $60.86.

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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