Loomis Sayles & Co. L P Acquires 10,270 Shares of First American Financial Co. (NYSE:FAF)

Loomis Sayles & Co. L P lifted its holdings in shares of First American Financial Co. (NYSE:FAF) by 3.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 270,725 shares of the insurance provider’s stock after acquiring an additional 10,270 shares during the period. Loomis Sayles & Co. L P owned approximately 0.26% of First American Financial worth $16,904,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Bar Harbor Wealth Management lifted its stake in First American Financial by 43.6% during the fourth quarter. Bar Harbor Wealth Management now owns 96,627 shares of the insurance provider’s stock worth $6,033,000 after purchasing an additional 29,324 shares during the period. Barclays PLC raised its holdings in shares of First American Financial by 15.2% in the 3rd quarter. Barclays PLC now owns 60,821 shares of the insurance provider’s stock worth $4,016,000 after buying an additional 8,047 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of First American Financial by 5.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 214,820 shares of the insurance provider’s stock worth $14,180,000 after buying an additional 10,489 shares during the period. Oak Thistle LLC acquired a new stake in First American Financial in the 4th quarter valued at $1,476,000. Finally, Geode Capital Management LLC grew its position in First American Financial by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,700,903 shares of the insurance provider’s stock valued at $112,306,000 after acquiring an additional 12,668 shares during the period. 89.05% of the stock is currently owned by institutional investors and hedge funds.

First American Financial Stock Performance

Shares of NYSE:FAF opened at $65.68 on Friday. The business has a fifty day moving average of $63.88 and a 200-day moving average of $64.40. First American Financial Co. has a twelve month low of $51.60 and a twelve month high of $70.92. The firm has a market cap of $6.77 billion, a PE ratio of 52.54 and a beta of 1.34.

First American Financial (NYSE:FAF) last announced its earnings results on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates 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 company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.54 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.16 annualized dividend and a dividend yield of 3.29%. First American Financial’s dividend payout ratio (DPR) is currently 172.80%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods lifted their price objective 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. 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 report on Friday, February 14th.

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 sale, the senior vice president now directly 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Dennis J. Gilmore sold 111,971 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $63.60, for a total transaction of $7,121,355.60. Following the completion of the transaction, the director now directly owns 494,574 shares in the company, valued at $31,454,906.40. This trade represents a 18.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 127,707 shares of company stock worth $8,136,565 over the last 90 days. 3.70% of the stock is owned by insiders.

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.