Capital Group Private Client Services Inc. Buys New Holdings in First American Financial Co. (NYSE:FAF)

Capital Group Private Client Services Inc. purchased a new stake in shares of First American Financial Co. (NYSE:FAF - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 58,535 shares of the insurance provider's stock, valued at approximately $3,655,000. Capital Group Private Client Services Inc. owned about 0.06% of First American Financial as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in First American Financial by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 10,625,017 shares of the insurance provider's stock worth $663,426,000 after buying an additional 107,925 shares in the last quarter. FMR LLC increased its position in First American Financial by 20.8% in the fourth 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. Victory Capital Management Inc. raised its holdings in First American Financial by 3.1% during the 4th 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 during the last quarter. Wellington Management Group LLP lifted its position in First American Financial by 19.8% during the 4th quarter. Wellington Management Group LLP now owns 1,735,557 shares of the insurance provider's stock valued at $108,368,000 after purchasing an additional 286,711 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its position in shares of First American Financial by 2.5% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,530,977 shares of the insurance provider's stock worth $95,594,000 after buying an additional 37,866 shares during the period. 89.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at First American Financial

In related news, Director Dennis J. Gilmore sold 111,971 shares of the 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 completion of the transaction, the director now 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 document filed with the SEC, which can be accessed 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 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 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 127,707 shares of company stock valued at $8,136,565. 3.70% of the stock is owned by insiders.

First American Financial Stock Up 2.5 %

Shares of FAF traded up $1.44 on Wednesday, hitting $59.76. The company's stock had a trading volume of 1,510,283 shares, compared to its average volume of 659,485. First American Financial Co. has a fifty-two week low of $51.60 and a fifty-two week high of $70.92. The firm's fifty day moving average price is $63.06 and its 200-day moving average price is $63.78. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 47.81 and a beta of 1.23.

First American Financial (NYSE:FAF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.67 by $0.17. First American Financial had a net margin of 2.14% and a return on equity of 9.35%. As a group, equities analysts predict that First American Financial Co. will post 5.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FAF shares. Stephens raised their price objective on shares of 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 raised First American Financial from a "market perform" rating to an "outperform" rating and set a $75.00 target price on the stock in a research note on Tuesday, April 8th.

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.