31,061 Shares in First American Financial Co. (NYSE:FAF) Acquired by Amundi

Amundi bought a new position in First American Financial Co. (NYSE:FAF - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 31,061 shares of the insurance provider's stock, valued at approximately $1,864,000.

A number of other institutional investors have also modified their holdings of FAF. Wellington Management Group LLP acquired a new position in First American Financial in the third quarter worth $95,638,000. ArrowMark Colorado Holdings LLC bought a new position in shares of First American Financial in the 3rd quarter worth about $43,431,000. Holocene Advisors LP acquired a new position in shares of First American Financial in the 3rd quarter valued at about $36,803,000. Jacobs Levy Equity Management Inc. grew its position in shares of First American Financial by 83.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 893,216 shares of the insurance provider's stock valued at $58,961,000 after buying an additional 405,487 shares during the last quarter. Finally, ARGA Investment Management LP raised its stake in First American Financial by 1,801.7% during the third quarter. ARGA Investment Management LP now owns 249,174 shares of the insurance provider's stock worth $16,448,000 after acquiring an additional 236,071 shares during the period. Institutional investors and hedge funds own 89.05% of the company's stock.

First American Financial Price Performance

FAF stock traded down $0.51 on Friday, reaching $64.90. The company's stock had a trading volume of 1,035,146 shares, compared to its average volume of 614,376. The firm has a fifty day moving average of $63.20 and a two-hundred day moving average of $64.36. The company has a market capitalization of $6.67 billion, a P/E ratio of 51.92 and a beta of 1.34. First American Financial Co. has a 52 week low of $51.60 and a 52 week high of $70.92.

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First American Financial (NYSE:FAF - Get Free Report) last announced its earnings results on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts expect 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. Shareholders of record on Monday, March 10th were given a $0.54 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.16 dividend on an annualized basis and a yield of 3.33%. First American Financial's dividend payout ratio (DPR) is 172.80%.

Insider Transactions at First American Financial

In other First American Financial news, Director Dennis J. Gilmore sold 111,971 shares of First American Financial stock in a transaction that occurred 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 transaction, the director now owns 494,574 shares in the company, valued at approximately $31,454,906.40. The trade was a 18.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Lisa W. Cornehl sold 3,057 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $65.49, for a total value of $200,202.93. Following the sale, the senior vice president now owns 23,825 shares of the company's stock, valued at $1,560,299.25. This trade represents a 11.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 127,707 shares of company stock valued at $8,136,565. Corporate insiders own 3.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FAF. Stephens lifted their target price on First American Financial from $73.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Keefe, Bruyette & Woods boosted their price objective on First American Financial from $74.00 to $75.00 and gave the company a "market perform" rating in a research report on Tuesday, February 18th.

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.