Zurcher Kantonalbank Zurich Cantonalbank Has $1.22 Million Stock Holdings in First American Financial Co. (NYSE:FAF)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in First American Financial Co. (NYSE:FAF) by 3.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 19,454 shares of the insurance provider’s stock after buying an additional 711 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in First American Financial were worth $1,215,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Wellington Management Group LLP acquired a new position in shares of First American Financial in the third quarter valued at approximately $95,638,000. ArrowMark Colorado Holdings LLC acquired a new position in First American Financial in the 3rd quarter valued at $43,431,000. Holocene Advisors LP bought a new position in First American Financial during the 3rd quarter worth $36,803,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of First American Financial by 83.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 893,216 shares of the insurance provider’s stock worth $58,961,000 after buying an additional 405,487 shares in the last quarter. Finally, ARGA Investment Management LP boosted its position in shares of First American Financial by 1,801.7% in the third quarter. ARGA Investment Management LP now owns 249,174 shares of the insurance provider’s stock valued at $16,448,000 after acquiring an additional 236,071 shares during the period. 89.05% of the stock is owned by institutional investors.

Insider Transactions at First American Financial

In other First American Financial news, SVP Lisa W. Cornehl sold 3,057 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $65.49, for a total transaction of $200,202.93. Following the completion of the transaction, the senior vice president now owns 23,825 shares of the company’s stock, valued at approximately $1,560,299.25. The trade was a 11.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark Edward Seaton sold 12,679 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $64.28, for a total transaction of $815,006.12. Following the completion of the sale, the chief financial officer now owns 195,812 shares in the company, valued at approximately $12,586,795.36. The trade was a 6.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,707 shares of company stock valued at $8,136,565. Corporate insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on FAF. Keefe, Bruyette & Woods raised their price target on shares of First American Financial from $74.00 to $75.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 18th. Stephens lifted their price target on shares of First American Financial from $73.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, February 14th.

First American Financial Stock Up 0.7 %

FAF stock opened at $65.39 on Thursday. First American Financial Co. has a 52 week low of $51.60 and a 52 week high of $70.92. The business has a 50-day simple moving average of $63.09 and a 200 day simple moving average of $64.35. The company has a market cap of $6.72 billion, a PE ratio of 52.31 and a beta of 1.34.

First American Financial (NYSE:FAF) last issued its earnings results on Wednesday, February 12th. The insurance provider reported $1.35 EPS for the quarter, beating the consensus estimate of $1.13 by $0.22. First American Financial had a net margin of 2.14% and a return on equity of 9.35%. On average, analysts anticipate that First American Financial Co. will post 5.35 EPS for the current fiscal year.

First American Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Monday, March 10th. First American Financial’s dividend payout ratio is presently 172.80%.

About First American Financial

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.