First American Financial Co. (NYSE:FAF) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co decreased its position in First American Financial Co. (NYSE:FAF - Free Report) by 17.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 91,041 shares of the insurance provider's stock after selling 19,327 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.09% of First American Financial worth $5,686,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Bar Harbor Wealth Management grew its holdings in First American Financial by 43.6% during the 4th quarter. Bar Harbor Wealth Management now owns 96,627 shares of the insurance provider's stock valued at $6,033,000 after buying an additional 29,324 shares during the last quarter. Barclays PLC boosted its stake in shares of First American Financial by 15.2% during the third quarter. Barclays PLC now owns 60,821 shares of the insurance provider's stock valued at $4,016,000 after acquiring an additional 8,047 shares during the last quarter. JPMorgan Chase & Co. increased its position in 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 purchasing an additional 10,489 shares in the last quarter. Oak Thistle LLC acquired a new position in First American Financial in the 4th quarter valued at about $1,476,000. Finally, Merit Financial Group LLC purchased a new position in First American Financial in the 4th quarter valued at about $453,000. Hedge funds and other institutional investors own 89.05% of the company's stock.

First American Financial Stock Down 2.6 %

Shares of NYSE FAF traded down $1.62 during trading on Friday, hitting $60.98. 714,289 shares of the company traded hands, compared to its average volume of 660,067. The firm has a market capitalization of $6.29 billion, a P/E ratio of 48.78 and a beta of 1.23. The company has a 50-day moving average price of $62.89 and a 200-day moving average price of $63.72. First American Financial Co. has a 1 year low of $51.85 and a 1 year high of $70.92.

First American Financial (NYSE:FAF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.19. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.53 billion. First American Financial had a return on equity of 9.35% and a net margin of 2.14%. Research analysts predict that First American Financial Co. will post 5.35 EPS for the current fiscal year.

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 transaction of $7,121,355.60. Following the transaction, the director now directly owns 494,574 shares of the company's stock, valued at $31,454,906.40. The trade was a 18.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark Edward Seaton sold 12,679 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 195,812 shares of the company's stock, valued at $12,586,795.36. The trade was a 6.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,707 shares of company stock worth $8,136,565. 3.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

FAF has been the subject of a number of recent research reports. Stephens lifted their price target 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. StockNews.com raised shares of First American Financial from a "hold" rating to a "buy" rating in a research note on Thursday. Barclays increased their price target on First American Financial from $69.00 to $72.00 and gave the stock an "equal weight" rating in a research note on Friday. Finally, Keefe, Bruyette & Woods upgraded First American Financial from a "market perform" rating to an "outperform" rating and set a $75.00 target price for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $74.50.

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.