Louisiana State Employees Retirement System is selling 400 shares of First American Financial Co. (NYSE:FAF)

Louisiana State Employees Retirement System reduced its holdings in First American Financial Co. (NYSE:FAF – Free Report) by 1.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,300 shares of the insurance provider’s stock after selling 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in First American Financial were worth $1,581,000 at the end of the most recent quarter.

Several other large investors have added to or reduced their stakes in FAF. Norges Bank bought a new position in First American Financial in the 4th quarter valued at approximately $76,210,000. Boston Partners lifted its position in shares of First American Financial by 13.3% in the first quarter. Boston Partners now owns 4,074,181 shares of the insurance provider’s stock worth $248,237,000 after buying an additional 479,618 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of First American Financial by 4.3% in the first quarter. Vanguard Group Inc. now owns 10,567,038 shares of the insurance provider’s stock worth $645,118,000 after buying an additional 431,089 shares during the last quarter. MKP Capital Management LLC bought a new position in shares of First American Financial in the fourth quarter valued at about $25,776,000. Finally, Reinhart Partners LLC. lifted its position in shares of First American Financial by 65.8% during the 2nd quarter. Reinhart Partners LLC. now owns 943,755 shares of the insurance provider’s stock worth $50,916,000 after buying an additional 374,662 shares in the last quarter. Institutional investors own 89.05% of the company’s shares.

Analysts on Wall Street are forecasting an increase

Several equities analysts have commented on FAF shares. Barclays decreased their price target on shares of First American Financial from $65.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 9th. Stephens reissued an “overweight” rating and set a $66.00 target price on shares of First American Financial in a research report on Thursday, July 25th. Truist Financial raised their target price on shares of First American Financial from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods upped their price target on shares of First American Financial from $63.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday , July 29. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Moderate Buy” and an average target price of $65.25, according to MarketBeat .

Check out our latest analysis on FAF

U.S. top financial stock up 3.0%

Shares of FAF stock opened at $64.11 on Friday. The company has a 50-day moving average of $57.43 and a 200-day moving average of $56.94. First American Financial Co. has a 12-month low of $49.55 and a 12-month high of $65.54. The firm has a market cap of $6.65 billion, a P/E ratio of 30.67 and a beta of 1.28.

First American Financial (NYSE:FAF – Get Free Report ) last issued its quarterly earnings data on Wednesday, July 24th. The insurance provider reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.14. First American Financial had a net margin of 3.28% and a return on equity of 7.98%. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period in the prior year, the business earned $1.35 EPS. First American Financial’s revenue was down 2.1% compared to the same quarter last year. As a group, equities analysts expect that First American Financial Co. to post 3.88 EPS for the current year.

About First American Financial

(Free report)

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through the Insurance and Services segments for Title and Home Warranty. The Insurance and Title Services segment issues residential and commercial property insurance policies and provides related products and services internationally.

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