Boston Partners Lowers Stock Holdings in First American Financial Co. (NYSE:FAF)

Boston Partners decreased its stake in First American Financial Co. (NYSE:FAF - Free Report) by 23.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,815,384 shares of the insurance provider's stock after selling 1,147,964 shares during the quarter. Boston Partners owned approximately 3.70% of First American Financial worth $238,159,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of FAF. Victory Capital Management Inc. boosted its position in First American Financial by 3.1% during the fourth quarter. Victory Capital Management Inc. now owns 2,573,788 shares of the insurance provider's stock worth $160,707,000 after purchasing an additional 78,022 shares in the last quarter. Geode Capital Management LLC boosted its position in First American Financial by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,700,903 shares of the insurance provider's stock worth $112,306,000 after purchasing an additional 12,668 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in First American Financial by 2.5% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,530,977 shares of the insurance provider's stock worth $95,594,000 after purchasing an additional 37,866 shares in the last quarter. Wellington Management Group LLP purchased a new position in First American Financial during the third quarter worth approximately $95,638,000. Finally, Charles Schwab Investment Management Inc. boosted its position in First American Financial by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,124,853 shares of the insurance provider's stock worth $70,236,000 after purchasing an additional 6,708 shares in the last quarter. Hedge funds and other institutional investors own 89.05% of the company's stock.

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Analysts Set New Price Targets

FAF has been the topic of a number of recent analyst reports. Stephens increased their price target 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 increased their target price 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.

Insider Activity at First American Financial

In related news, Director Dennis J. Gilmore sold 111,971 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was 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 directly owns 494,574 shares in the company, valued at approximately $31,454,906.40. This represents a 18.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mark Edward Seaton sold 12,679 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $64.28, for a total value of $815,006.12. Following the completion of the transaction, the chief financial officer now owns 195,812 shares of the company's stock, valued at $12,586,795.36. The trade was a 6.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,707 shares of company stock valued at $8,136,565. 3.70% of the stock is currently owned by insiders.

First American Financial Stock Down 0.8 %

Shares of First American Financial stock traded down $0.51 during mid-day trading on Friday, reaching $64.90. 1,037,790 shares of the stock traded hands, compared to its average volume of 612,364. The business has a 50-day moving average of $63.34 and a 200 day moving average of $64.37. First American Financial Co. has a fifty-two week low of $51.60 and a fifty-two week high of $70.92. The stock has a market capitalization of $6.67 billion, a PE ratio of 51.92 and a beta of 1.34.

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

First American Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $0.54 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.16 annualized dividend and a dividend yield of 3.33%. First American Financial's dividend payout ratio is presently 172.80%.

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.