NewSquare Capital LLC Has $8.28 Million Holdings in First American Financial Co. (NYSE:FAF)

NewSquare Capital LLC boosted its stake in First American Financial Co. (NYSE:FAF) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 130,532 shares of the insurance provider’s stock after purchasing an additional 3,116 shares during the quarter. NewSquare Capital LLC owned about 0.13% of First American Financial worth $8,282,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bar Harbor Wealth Management acquired a new position in First American Financial in the fourth quarter valued at about $2,673,000. Neo Ivy Capital Management raised its stake in First American Financial by 119.2% during the third quarter. Neo Ivy Capital Management now owns 56,392 shares of the insurance provider’s stock worth $3,186,000 after acquiring an additional 30,664 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in First American Financial during the third quarter worth about $3,988,000. Boston Partners raised its stake in First American Financial by 17.6% during the third quarter. Boston Partners now owns 3,169,320 shares of the insurance provider’s stock worth $178,994,000 after acquiring an additional 473,961 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in First American Financial by 0.8% during the third quarter. Vanguard Group Inc. now owns 10,127,746 shares of the insurance provider’s stock worth $572,116,000 after acquiring an additional 81,888 shares in the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

First American Financial Trading Up 1.9 %

FAF stock 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 business has a 50-day moving average of $57.73 and a 200-day moving average of $58.27. First American Financial Co. has a one year low of $49.55 and a one year high of $65.54. The stock has a market cap of $6.02 billion, a PE ratio of 27.95 and a beta of 1.28.

First American Financial (NYSE:FAF) last posted 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 quarter in the previous year, the company posted $1.35 earnings per share. First American Financial’s quarterly revenue was down 15.2% on a year-over-year basis. Research analysts forecast that First American Financial Co. will post 4.29 EPS for the current year.

First American Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 8th were given 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 payout ratio is 101.92%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FAF. Stephens reissued an “overweight” rating and set a $73.00 target price on shares of First American Financial in a research note on Thursday, February 8th. Keefe, Bruyette & Woods upgraded First American Financial from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $66.00 to $69.00 in a report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft assumed coverage on First American Financial in a report on Wednesday, January 10th. They set a “buy” rating on the stock. Finally, TheStreet cut First American Financial from a “b-” rating to a “c+” rating in a report on Tuesday, March 12th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.00.

First American Financial Company Profile

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.