First American Financial Co. (NYSE:FAF) Holdings Cut by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP lessened its holdings in First American Financial Co. (NYSE:FAF - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,966 shares of the insurance provider's stock after selling 6,768 shares during the period. Advantage Alpha Capital Partners LP owned about 0.07% of First American Financial worth $4,431,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in FAF. Empowered Funds LLC acquired a new position in shares of First American Financial during the third quarter worth about $252,000. Charles Schwab Investment Management Inc. lifted its position in First American Financial by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,118,145 shares of the insurance provider's stock worth $73,809,000 after acquiring an additional 8,315 shares in the last quarter. Cerity Partners LLC lifted its position in First American Financial by 74.2% during the 3rd quarter. Cerity Partners LLC now owns 36,609 shares of the insurance provider's stock worth $2,417,000 after acquiring an additional 15,589 shares in the last quarter. Algert Global LLC boosted its holdings in First American Financial by 101.5% in the 3rd quarter. Algert Global LLC now owns 113,493 shares of the insurance provider's stock worth $7,492,000 after acquiring an additional 57,180 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in First American Financial in the third quarter valued at approximately $368,000. Institutional investors and hedge funds own 89.05% of the company's stock.

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Analyst Upgrades and Downgrades

FAF has been the topic of a number of recent research reports. Keefe, Bruyette & Woods boosted their target price 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 boosted their price objective on shares of First American Financial from $73.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, February 14th.

Insider Buying and Selling

In related news, CFO Mark Edward Seaton sold 12,679 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $64.28, for a total transaction of $815,006.12. Following the sale, the chief financial officer now directly owns 195,812 shares of the company's stock, valued at approximately $12,586,795.36. This represents a 6.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Lisa W. Cornehl sold 3,057 shares of First American Financial stock in a transaction on 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 directly owns 23,825 shares of the company's stock, valued at approximately $1,560,299.25. This represents a 11.37 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 127,707 shares of company stock worth $8,136,565. Corporate insiders own 3.70% of the company's stock.

First American Financial Stock Down 1.2 %

Shares of FAF traded down $0.80 during trading on Friday, reaching $65.68. The company's stock had a trading volume of 513,600 shares, compared to its average volume of 632,929. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 52.54 and a beta of 1.34. The company has a fifty day moving average of $63.88 and a two-hundred 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.

First American Financial (NYSE:FAF - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share (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%. As a group, equities analysts forecast that First American Financial Co. will post 5.35 EPS for the current fiscal year.

First American Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.54 per share. 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 payout ratio is 172.80%.

First American Financial Profile

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.