Trade Report: Today, Mason Street Advisors LLC Takes Position in First American Financial Corp. (FAF)

Today, Mason Street Advisors LLC Takes Position in First American Financial Corp. (FAF)

Mason Street Advisors LLC purchased a new stake in shares of First American Financial Corp. (NYSE:FAF) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 49,970 shares of the company’s stock, valued at approximately $2,010,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new position in shares of First American Financial Corp. during the second quarter valued at about $1,722,000. Calvert Investment Management Inc. purchased a new position in shares of First American Financial Corp. during the second quarter valued at about $340,000. Stifel Financial Corp increased its position in shares of First American Financial Corp. by 7.9% in the second quarter. Stifel Financial Corp now owns 30,700 shares of the company’s stock valued at $1,235,000 after buying an additional 2,256 shares in the last quarter. Amalgamated Bank increased its position in shares of First American Financial Corp. by 19.6% in the second quarter. Amalgamated Bank now owns 14,521 shares of the company’s stock valued at $592,000 after buying an additional 2,383 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd purchased a new position in shares of First American Financial Corp. during the second quarter valued at about $153,000. 88.18% of the stock is owned by hedge funds and other institutional investors.

Shares of First American Financial Corp. (NYSE:FAF) traded up 0.49% during trading on Friday, hitting $39.22. 214,000 shares of the company’s stock were exchanged. The stock has a market cap of $4.31 billion, a PE ratio of 12.65 and a beta of 0.94. The stock’s 50-day moving average price is $39.03 and its 200-day moving average price is $39.87. First American Financial Corp. has a 1-year low of $31.74 and a 1-year high of $43.55.

First American Financial Corp. (NYSE:FAF) last released its quarterly earnings results on Thursday, October 20th. The company reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.08. First American Financial Corp. had a net margin of 6.33% and a return on equity of 11.83%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the company posted $0.69 earnings per share. First American Financial Corp.’s revenue was up 9.0% compared to the same quarter last year. On average, equities analysts expect that First American Financial Corp. will post $3.04 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 8th will be paid a $0.34 dividend. The ex-dividend date is Tuesday, December 6th. This represents a $1.36 annualized dividend and a dividend yield of 3.47%. First American Financial Corp.’s dividend payout ratio (DPR) is presently 44.01%.

Separately, Zacks Investment Research raised shares of First American Financial Corp. from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Friday, October 21st.

About First American Financial Corp.

First American Financial Corporation is a holding company. Through its subsidiaries, the Company is engaged in the business of providing financial services. The Company’s segments include Title Insurance and Services, Specialty Insurance and corporate function. The Company’s title insurance and services segment issues title insurance policies on residential and commercial property in the United States and offers similar or related products and services internationally.

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