First American Financial Corp (NYSE:FAF) Q4 2016 Sentiment Report

July 17, 2017 - By Dolores Ford

 First American Financial Corp (NYSE:FAF)  Q4 2016 Sentiment Report

Sentiment for First American Financial Corp (NYSE:FAF)

First American Financial Corp (NYSE:FAF) institutional sentiment increased to 1.32 in Q4 2016. Its up 0.05, from 1.27 in 2016Q3. The ratio is better, as 157 hedge funds increased and started new holdings, while 119 sold and reduced their stakes in First American Financial Corp. The hedge funds in our partner’s database reported: 93.65 million shares, up from 92.67 million shares in 2016Q3. Also, the number of hedge funds holding First American Financial Corp in their top 10 holdings decreased from 5 to 3 for a decrease of 2. Sold All: 23 Reduced: 96 Increased: 105 New Position: 52.

First American Financial Corporation, through its subsidiaries, is engaged in the business of providing financial services. The company has market cap of $5.04 billion. The Firm operates through the title insurance and services segment, and specialty insurance segment. It has a 14.51 P/E ratio. The title insurance and services segment provides title insurance, closing and/or escrow services and similar or related services domestically and internationally in connection with residential and commercial real estate transactions.

The stock increased 0.18% or $0.08 on July 17, reaching $45.46. About 231,517 shares traded. First American Financial Corp (NYSE:FAF) has risen 15.34% since July 17, 2016 and is uptrending. It has underperformed by 1.36% the S&P500.

Wall Street await First American Financial Corp (NYSE:FAF) to release earnings on July, 27 before the open. Analysts forecast EPS of $0.86, down exactly $0.06 or 6.52 % from 2014’s $0.92 EPS. The expected FAF’s profit could reach $95.35M giving the stock 13.22 P/E in the case that $0.86 earnings per share is reported. After posting $0.50 EPS for the previous quarter, First American Financial Corp’s analysts now forecast 72.00 % EPS growth.

Underhill Investment Management Llc holds 7.05% of its portfolio in First American Financial Corp for 332,000 shares. Ensemble Capital Management Llc owns 347,160 shares or 3.14% of their US portfolio. Moreover, Ariel Investments Llc has 2.38% invested in the company for 5.51 million shares. The Illinois-based Channing Capital Management Llc has invested 2.34% in the stock. Vaughan Nelson Investment Management L.P., a Texas-based fund reported 3.84 million shares.#img1#

Since January 1, 0001, it had 0 buys, and 2 sales for $5.64 million activity.

First American Financial Corp (NYSE:FAF) Ratings Coverage

Ratings analysis reveals 50% of First American Financial’s analysts are positive. Out of 14 Wall Street analysts rating First American Financial, 7 give it “Buy”, 1 “Sell” rating, while 6 recommend “Hold”. The lowest target is $18 while the high is $42. The stock’s average target of $28.29 is -37.77% below today’s ($45.46) share price. FAF was included in 14 notes of analysts from September 25, 2015. Stifel Nicolaus initiated the shares of FAF in report on Thursday, January 14 with “Buy” rating. The firm has “Neutral” rating given on Friday, September 25 by Piper Jaffray. The company was initiated on Tuesday, October 20 by Susquehanna. The stock has “Neutral” rating by Credit Suisse on Friday, December 11. The firm has “Sell” rating given on Wednesday, January 13 by Goldman Sachs. On Wednesday, October 21 the stock rating was initiated by Tigress Financial with “Buy”. The stock of First American Financial Corp (NYSE:FAF) earned “Overweight” rating by Barclays Capital on Friday, February 12. Oppenheimer initiated the shares of FAF in report on Friday, December 11 with “Outperform” rating. The rating was initiated by Sterne Agee CRT on Thursday, December 17 with “Buy”. The rating was initiated by Topeka Capital Markets on Friday, November 13 with “Hold”.

More important recent First American Financial Corp (NYSE:FAF) news were published by: Twst.com which released: “First American Financial Corporation: First American Financial Announces …” on July 05, 2017, also Businesswire.com published article titled: “Six Trends Poised to Reshape Homeownership Demand: New Study from First …”, Nasdaq.com published: “PhiloSmith Capital Corp Buys James River Group Holdings, First American …” on July 14, 2017. More interesting news about First American Financial Corp (NYSE:FAF) was released by: Gurufocus.com and their article: “PhiloSmith Capital Corp Buys James River Group Holdings, First American …” with publication date: July 13, 2017.

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