Quantbot Technologies LP Has $2.27 Million Stake in First American Financial Corp (FAF)

Quantbot Technologies LP increased its stake in shares of First American Financial Corp (NYSE:FAF) by 684.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 44,058 shares of the insurance provider’s stock after purchasing an additional 38,438 shares during the quarter. Quantbot Technologies LP’s holdings in First American Financial were worth $2,272,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aperio Group LLC lifted its holdings in First American Financial by 6.9% in the second quarter. Aperio Group LLC now owns 163,422 shares of the insurance provider’s stock valued at $8,452,000 after buying an additional 10,521 shares during the period. Alps Advisors Inc. acquired a new position in First American Financial in the second quarter valued at approximately $985,000. Wedge Capital Management L L P NC lifted its holdings in First American Financial by 16.8% in the second quarter. Wedge Capital Management L L P NC now owns 18,200 shares of the insurance provider’s stock valued at $941,000 after buying an additional 2,614 shares during the period. First Midwest Bank Trust Division lifted its holdings in First American Financial by 13.2% in the second quarter. First Midwest Bank Trust Division now owns 7,925 shares of the insurance provider’s stock valued at $410,000 after buying an additional 922 shares during the period. Finally, MUFG Securities EMEA plc acquired a new position in First American Financial in the second quarter valued at approximately $1,034,000. 82.58% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:FAF opened at $48.10 on Friday. First American Financial Corp has a 52 week low of $41.96 and a 52 week high of $62.71. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 0.98 and a beta of 0.84.

First American Financial (NYSE:FAF) last issued its earnings results on Thursday, October 25th. The insurance provider reported $1.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by ($0.02). First American Financial had a net margin of 10.39% and a return on equity of 13.68%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.55 billion. On average, equities research analysts forecast that First American Financial Corp will post 4.5 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 10th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Friday, December 7th. First American Financial’s payout ratio is presently 61.09%.

Several equities research analysts have commented on the stock. ValuEngine downgraded shares of First American Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Zacks Investment Research downgraded shares of First American Financial from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. First American Financial currently has a consensus rating of “Hold” and an average target price of $57.50.

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About First American Financial

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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