Penbrook Management LLC Sells 1,900 Shares of First American Financial Co. (NYSE:FAF)

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of First American Financial by 9.0% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,340,491 shares of the insurance provider’s stock valued at $81,836,000 after purchasing an additional 111,197 shares during the last quarter. Tributary Capital Management LLC boosted its position in First American Financial by 35.2% in the 1st quarter. Tributary Capital Management LLC now owns 7,300 shares of the insurance provider’s stock valued at $446,000 after buying an additional 1,900 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of First American Financial by 1.9% during the first 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. American National Bank bought a new stake in First American Financial during the 1st quarter valued at $61,000. Finally, Reinhart Partners LLC. grew its holdings in First American Financial by 3.0% during the 1st quarter. Reinhart Partners LLC. now owns 569,093 shares of the insurance provider’s stock worth $34,743,000 after acquiring an additional 16,338 shares in the last quarter. Institutional investors own 89.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Stephens reaffirmed an “overweight” rating and issued a $72.00 price objective on shares of First American Financial in a research report on Thursday, April 25th. TheStreet downgraded shares of First American Financial from a “b-” rating to a “c+” rating in a report on Tuesday, March 12th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of First American Financial from $67.00 to $63.00 and set an “outperform” rating on the stock in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.25.

First American Financial Stock Performance

First American Financial stock traded up $0.21 during mid-day trading on Tuesday, reaching $53.59. 416,356 shares of the company were exchanged, compared to its average volume of 639,277. First American Financial Co. has a twelve month low of $49.55 and a twelve month high of $65.54. The firm’s 50-day simple moving average is $54.74 and its two-hundred day simple moving average is $57.89. The firm 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 announced its quarterly earnings data on Thursday, April 25th. The insurance provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.22). The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.42 billion. First American Financial had a net margin of 3.64% and a return on equity of 8.17%. First American Financial’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 EPS. As a group, equities research analysts anticipate that First American Financial Co. will post 3.82 EPS for the current year.

First American Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.96%. The ex-dividend date was Monday, June 10th. First American Financial’s dividend payout ratio (DPR) is 101.44%.

First American Financial 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.