Mendon Capital Advisors Corp Invests $71.68 Million in First American Financial Corporation $FAF

Mendon Capital Advisors Corp acquired a new stake in shares of First American Financial Corporation (NYSE:FAF) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 1,188,914 shares of the insurance provider’s stock, valued at approximately $71,680,000. First American Financial comprises approximately 20.8% of Mendon Capital Advisors Corp’s investment portfolio, making the stock its largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Waverly Advisors LLC bought a new stake in First American Financial during the 1st quarter worth approximately $7,717,000. Entropy Technologies LP bought a new position in First American Financial in the 1st quarter valued at $815,000. Gabelli Funds LLC boosted its holdings in First American Financial by 24.7% in the 1st quarter. Gabelli Funds LLC now owns 98,962 shares of the insurance provider’s stock valued at $5,966,000 after purchasing an additional 19,600 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of First American Financial by 469.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,284,417 shares of the insurance provider’s stock valued at $77,438,000 after purchasing an additional 1,058,949 shares in the last quarter. Finally, Lido Advisors LLC purchased a new position in shares of First American Financial during the 1st quarter valued at $277,000. Institutional investors own 89.05% of the company’s stock.

Insider Activity

In other news, SVP Lisa W. Cornehl sold 5,823 shares of First American Financial stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $68.63, for a total value of $399,632.49. Following the completion of the sale, the senior vice president directly owned 29,635 shares in the company, valued at $2,033,850.05. The trade was a 16.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.50% of the stock is currently owned by insiders.

Trending Headlines about First American Financial

Here are the key news stories impacting First American Financial this week:

• Positive Sentiment: First American Financial reported Q2 earnings of $2.08 per share, beating estimates of $1.80, while revenue came in at $2.11 billion versus expectations of $2.03 billion. The results were driven by commercial title strength, higher investment income, and improved average revenue per order. Article: First American Financial (FAF) Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on First American Financial to $86 from $84 and reaffirmed an outperform rating, signaling confidence in further upside for FAF. Article: Benzinga report on price target increase
• Positive Sentiment: Benchmark Co. initiated coverage with a buy rating and a $85 price target, adding to the bullish analyst sentiment around the stock. Article: Benchmark initiates coverage on FAF
• Neutral Sentiment: Investors are also parsing Q2 earnings-call highlights and transcripts, which emphasized record commercial revenue and the company’s operating momentum, but did not add materially new information beyond the earnings release. Article: First American Financial Corp (FAF) Q2 2026 Earnings Call Highlights
• Neutral Sentiment: Some research notes on upcoming earnings estimates were published, but they appear to be routine analyst commentary rather than a major new driver for FAF shares. Article: What is Zacks Research’s Estimate for FAF Q1 Earnings?

First American Financial Trading Down 0.0%

NYSE FAF opened at $75.11 on Monday. First American Financial Corporation has a 12 month low of $56.20 and a 12 month high of $75.96. The stock has a market cap of $7.67 billion, a P/E ratio of 10.40, a P/E/G ratio of 0.71 and a beta of 1.23. The stock’s fifty day moving average price is $68.38 and its 200-day moving average price is $66.00.

First American Financial (NYSE:FAF) last posted its quarterly earnings results on Wednesday, July 22nd. The insurance provider reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.28. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.03 billion. First American Financial had a return on equity of 13.31% and a net margin of 9.33%.First American Financial’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.53 EPS. As a group, analysts forecast that First American Financial Corporation will post 6.91 earnings per share for the current fiscal year.

First American Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, June 8th. First American Financial’s dividend payout ratio (DPR) is presently 30.47%.

Analyst Ratings Changes

FAF has been the topic of a number of recent analyst reports. Truist Financial increased their price objective on First American Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Wall Street Zen cut First American Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Zacks Research cut shares of First American Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First American Financial in a research note on Monday, July 20th. Finally, Benchmark began coverage on shares of First American Financial in a research report on Tuesday, July 21st. They set a “buy” rating and a $85.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $84.60.

About First American Financial

First American Financial Corporation is a leading provider of title insurance, settlement services and diversified real estate-related data and analytics. Headquartered in Santa Ana, California, the company serves customers throughout the United States as well as in Canada, Europe, Latin America and Asia. Its business is built on the underwriting capabilities of its title insurance operations combined with comprehensive closing and escrow services for homebuyers, sellers, mortgage lenders and real estate professionals.

The company’s title insurance segment issues policies that protect property owners and mortgage lenders against defects in titles, liens or encumbrances that can arise during real property transactions.