First American Financial Co. (NYSE:FAF) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors lifted its position in shares of First American Financial Co. (NYSE:FAF) by 6.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,372 shares of the insurance provider’s stock after purchasing an additional 442 shares during the period. Captrust Financial Advisors’ holdings in First American Financial were worth $460,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FAF. Norges Bank purchased a new stake in shares of First American Financial during the 4th quarter worth $75,780,000. FMR LLC lifted its position in shares of First American Financial by 20.8% during the 4th quarter. FMR LLC now owns 6,046,743 shares of the insurance provider’s stock worth $377,559,000 after purchasing an additional 1,042,145 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of First American Financial by 13,222.0% during the 4th quarter. Corient Private Wealth LLC now owns 849,279 shares of the insurance provider’s stock worth $53,029,000 after purchasing an additional 842,904 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of First American Financial by 6,233.2% during the 4th quarter. Prudential Financial Inc. now owns 706,211 shares of the insurance provider’s stock worth $44,096,000 after purchasing an additional 695,060 shares during the last quarter. Finally, Capital International Investors purchased a new stake in shares of First American Financial during the 4th quarter worth $41,626,000. 89.05% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at First American Financial

In other news, SVP Lisa W. Cornehl sold 3,057 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $65.49, for a total transaction of $200,202.93. Following the transaction, the senior vice president now directly owns 23,825 shares in the company, valued at $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 SEC, which is available through this link. Also, CFO Mark Edward Seaton sold 12,679 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $64.28, for a total transaction of $815,006.12. Following the transaction, the chief financial officer now owns 195,812 shares in the company, valued at approximately $12,586,795.36. This trade represents a 6.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

First American Financial Price Performance

Shares of FAF opened at $60.92 on Monday. The stock has a market cap of $6.27 billion, a PE ratio of 48.74 and a beta of 1.29. First American Financial Co. has a 1-year low of $51.85 and a 1-year high of $70.92. The firm has a fifty day moving average price of $61.87 and a 200 day moving average price of $63.28.

First American Financial (NYSE:FAF) last posted its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.19. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.53 billion. First American Financial had a net margin of 2.14% and a return on equity of 9.35%. First American Financial’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 earnings per share. As a group, equities analysts expect that First American Financial Co. will post 5.35 EPS for the current fiscal year.

First American Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 9th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $2.16 dividend on an annualized basis and a yield of 3.55%. First American Financial’s dividend payout ratio is presently 143.05%.

Analyst Upgrades and Downgrades

FAF has been the subject of a number of research reports. Keefe, Bruyette & Woods boosted their price target on shares of First American Financial from $75.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, April 28th. Stephens boosted 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. Barclays boosted their price target on shares of First American Financial from $69.00 to $72.00 and gave the company an “equal weight” rating in a research report on Friday, April 25th. Finally, StockNews.com cut shares of First American Financial from a “buy” rating to a “hold” rating in a research report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $75.00.

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.