First American Financial Co. (NYSE:FAF) Position Boosted by Barclays PLC

Barclays PLC lifted its holdings in shares of First American Financial Co. (NYSE:FAF - Free Report) by 61.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,006 shares of the insurance provider's stock after buying an additional 37,185 shares during the period. Barclays PLC owned about 0.10% of First American Financial worth $6,118,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Norges Bank purchased a new position in First American Financial in the fourth quarter worth $75,780,000. FMR LLC grew its stake 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 period. Corient Private Wealth LLC increased its holdings in shares of First American Financial by 13,222.0% in the 4th quarter. Corient Private Wealth LLC now owns 849,279 shares of the insurance provider's stock valued at $53,029,000 after purchasing an additional 842,904 shares in the last quarter. Prudential Financial Inc. lifted its stake in shares of First American Financial by 6,233.2% in the fourth quarter. Prudential Financial Inc. now owns 706,211 shares of the insurance provider's stock valued at $44,096,000 after purchasing an additional 695,060 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in First American Financial by 19.8% during the fourth quarter. Wellington Management Group LLP now owns 1,735,557 shares of the insurance provider's stock worth $108,368,000 after buying an additional 286,711 shares in the last quarter. 89.05% of the stock is owned by institutional investors and hedge funds.

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 that occurred on Tuesday, February 25th. The shares were 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 in the company, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dennis J. Gilmore sold 111,971 shares of First American Financial stock in a transaction on 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 transaction, the director now owns 494,574 shares in the company, valued at $31,454,906.40. The trade was 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 in the last ninety days. Insiders own 3.70% of the company's stock.

First American Financial Price Performance

FAF traded up $0.20 during trading on Tuesday, hitting $61.37. The company's stock had a trading volume of 569,385 shares, compared to its average volume of 659,477. First American Financial Co. has a twelve month low of $51.85 and a twelve month high of $70.92. The firm's 50 day moving average price is $62.82 and its 200-day moving average price is $63.70. The stock has a market cap of $6.33 billion, a PE ratio of 49.09 and a beta of 1.23.

First American Financial (NYSE:FAF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.65 by $0.19. The company had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.53 billion. First American Financial had a return on equity of 9.35% and a net margin of 2.14%. The firm's revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS. Equities analysts anticipate that First American Financial Co. will post 5.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FAF shares. StockNews.com upgraded shares of First American Financial from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. Stephens lifted their price target on First American Financial from $73.00 to $78.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Keefe, Bruyette & Woods upped their price target on shares of First American Financial from $75.00 to $77.00 and gave the company an "outperform" rating in a report on Monday. Finally, Barclays raised their price objective on shares of First American Financial from $69.00 to $72.00 and gave the stock an "equal weight" rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average 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.