Penbrook Management LLC Has $345,000 Stock Position in First American Financial Co. (NYSE:FAF)

Penbrook Management LLC lowered its stake in First American Financial Co. (NYSE:FAF) by 25.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,650 shares of the insurance provider’s stock after selling 1,900 shares during the period. Penbrook Management LLC’s holdings in First American Financial were worth $345,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of First American Financial by 1.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,327 shares of the insurance provider’s stock worth $630,000 after acquiring an additional 193 shares during the period. Treasurer of the State of North Carolina increased its stake in shares of First American Financial by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 44,007 shares of the insurance provider’s stock valued at $2,486,000 after purchasing an additional 220 shares during the last quarter. Advisors Capital Management LLC lifted its position in shares of First American Financial by 0.6% during the 3rd quarter. Advisors Capital Management LLC now owns 55,462 shares of the insurance provider’s stock worth $3,133,000 after buying an additional 311 shares during the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in First American Financial in the fourth quarter valued at about $26,000. Finally, Retirement Systems of Alabama raised its stake in First American Financial by 0.4% during the fourth quarter. Retirement Systems of Alabama now owns 129,229 shares of the insurance provider’s stock worth $8,328,000 after acquiring an additional 515 shares in the last quarter. Institutional investors own 89.05% of the company’s stock.

First American Financial Stock Up 0.4 %

NYSE:FAF traded up $0.21 on Tuesday, hitting $53.59. The stock had a trading volume of 416,356 shares, compared to its average volume of 639,277. First American Financial Co. has a 52 week low of $49.55 and a 52 week high of $65.54. The business’s fifty day moving average is $54.74 and its 200 day moving average is $57.89. The company has a market cap of $5.56 billion, a PE ratio of 25.67 and a beta of 1.28.

First American Financial (NYSE:FAF) last issued its earnings results on Thursday, April 25th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.22). The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.42 billion. First American Financial had a return on equity of 8.17% and a net margin of 3.64%. First American Financial’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 earnings per share. Equities analysts predict that First American Financial Co. will post 3.82 earnings per share for the current fiscal year.

First American Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend was Monday, June 10th. First American Financial’s payout ratio is presently 101.44%.

Wall Street Analyst Weigh In

FAF has been the subject of a number of research analyst reports. TheStreet cut shares of First American Financial from a “b-” rating to a “c+” rating in a research report on Tuesday, March 12th. Stephens restated an “overweight” rating and set a $72.00 price target on shares of First American Financial in a report on Thursday, April 25th. Finally, Keefe, Bruyette & Woods decreased their price target on First American Financial from $67.00 to $63.00 and set an “outperform” rating for the company in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, First American Financial has an average rating of “Moderate Buy” and an average target price of $66.25.

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.