First American Financial Co. (NYSE:FAF) Shares Purchased by First National Advisers LLC

First National Advisers LLC boosted its stake in shares of First American Financial Co. (NYSE:FAF) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,163 shares of the insurance provider’s stock after acquiring an additional 2,161 shares during the quarter. First National Advisers LLC’s holdings in First American Financial were worth $2,820,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in First American Financial by 66.9% during the 4th quarter. UMB Bank n.a. now owns 524 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 210 shares during the period. Venturi Wealth Management LLC lifted its position in First American Financial by 132.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 356 shares during the period. Jones Financial Companies Lllp lifted its position in First American Financial by 57.6% during the 4th quarter. Jones Financial Companies Lllp now owns 670 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 245 shares during the period. GAMMA Investing LLC lifted its position in First American Financial by 34.9% during the 4th quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider’s stock worth $67,000 after acquiring an additional 277 shares during the period. Finally, Sunbelt Securities Inc. acquired a new stake in First American Financial during the 3rd quarter worth approximately $75,000. 89.05% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at First American Financial

In other news, SVP Lisa W. Cornehl sold 3,057 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $65.49, for a total value of $200,202.93. Following the completion of the transaction, the senior vice president now directly owns 23,825 shares of the company’s stock, valued at $1,560,299.25. The trade was a 11.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Dennis J. Gilmore sold 111,971 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $63.60, for a total value of $7,121,355.60. Following the completion of the transaction, the director now owns 494,574 shares of the company’s stock, valued at $31,454,906.40. The trade was a 18.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 127,707 shares of company stock valued at $8,136,565 over the last three months. 3.70% of the stock is currently owned by insiders.

First American Financial Price Performance

NYSE FAF opened at $63.86 on Friday. First American Financial Co. has a 1-year low of $51.60 and a 1-year high of $70.92. The company has a market capitalization of $6.56 billion, a P/E ratio of 51.09 and a beta of 1.34. The business has a 50 day moving average price of $62.82 and a 200 day moving average price of $64.31.

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

First American Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 3.38%. The ex-dividend date is Monday, March 10th. First American Financial’s payout ratio is 172.80%.

Wall Street Analyst Weigh In

FAF has been the subject of a number of recent research reports. Stephens increased their price objective on First American Financial from $73.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Keefe, Bruyette & Woods raised their price target on First American Financial from $74.00 to $75.00 and gave the company a “market perform” rating in a report on Tuesday, February 18th.

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.