Tributary Capital Management LLC Buys 1,900 Shares of First American Financial Co. (NYSE:FAF)

Tributary Capital Management LLC boosted its stake in First American Financial Co. (NYSE:FAF) by 35.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,300 shares of the insurance provider’s stock after purchasing an additional 1,900 shares during the quarter. Tributary Capital Management LLC’s holdings in First American Financial were worth $446,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC increased its holdings in First American Financial by 1.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,327 shares of the insurance provider’s stock valued at $630,000 after purchasing an additional 193 shares during the last quarter. American National Bank bought a new stake in First American Financial in the first quarter valued at about $61,000. Reinhart Partners LLC. grew its stake in First American Financial by 3.0% in the first quarter. Reinhart Partners LLC. now owns 569,093 shares of the insurance provider’s stock valued at $34,743,000 after acquiring an additional 16,338 shares during the period. ST Germain D J Co. Inc. grew its stake in First American Financial by 0.8% in the first quarter. ST Germain D J Co. Inc. now owns 212,494 shares of the insurance provider’s stock valued at $12,973,000 after acquiring an additional 1,631 shares during the period. Finally, Quadrature Capital Ltd grew its stake in First American Financial by 56.1% in the fourth quarter. Quadrature Capital Ltd now owns 8,998 shares of the insurance provider’s stock valued at $580,000 after acquiring an additional 3,232 shares during the period. Institutional investors own 89.05% of the company’s stock.

Analysts Set New Price Targets

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

First American Financial Price Performance

Shares of NYSE:FAF opened at $53.61 on Wednesday. The company has a market capitalization of $5.56 billion, a P/E ratio of 25.65 and a beta of 1.28. First American Financial Co. has a 1 year low of $49.55 and a 1 year high of $65.54. The business’s 50 day simple moving average is $54.64 and its 200 day simple moving average is $57.81.

First American Financial (NYSE:FAF) last issued its earnings results 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 analyst estimates of $1.42 billion. First American Financial had a net margin of 3.64% and a return on equity of 8.17%. The company’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 business posted $0.49 EPS. On average, sell-side analysts anticipate that First American Financial Co. will post 3.82 EPS for the current fiscal year.

First American Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend was Monday, June 10th. First American Financial’s dividend payout ratio is presently 101.44%.

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.