Capital International Inc. CA Invests $1.57 Million in First American Financial Co. (NYSE:FAF)

Capital International Inc. CA bought a new stake in First American Financial Co. (NYSE:FAF - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,094 shares of the insurance provider's stock, valued at approximately $1,567,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FAF. UMB Bank n.a. raised its position in shares of First American Financial by 66.9% during the 4th quarter. UMB Bank n.a. now owns 524 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 210 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of First American Financial by 57.6% in the 4th quarter. Jones Financial Companies Lllp now owns 670 shares of the insurance provider's stock worth $42,000 after buying an additional 245 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of First American Financial by 34.9% in the 4th quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider's stock valued at $67,000 after buying an additional 277 shares during the period. Parkside Financial Bank & Trust grew its position in shares of First American Financial by 14.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,340 shares of the insurance provider's stock valued at $84,000 after buying an additional 173 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in First American Financial by 18.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,510 shares of the insurance provider's stock worth $94,000 after acquiring an additional 230 shares during the period. Hedge funds and other institutional investors own 89.05% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FAF. Keefe, Bruyette & Woods raised First American Financial from a "market perform" rating to an "outperform" rating and set a $75.00 target price for the company in a report on Tuesday, April 8th. Stephens boosted their price objective on First American Financial from $73.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, February 14th.

Insider Buying and Selling

In other 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 of the company's stock, valued at $31,454,906.40. This trade represents a 18.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark Edward Seaton sold 12,679 shares of the firm's 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 owns 195,812 shares in the company, valued at approximately $12,586,795.36. The trade was a 6.08 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 127,707 shares of company stock worth $8,136,565. 3.70% of the stock is owned by company insiders.

First American Financial Stock Up 4.4 %

First American Financial stock traded up $2.62 during mid-day trading on Thursday, hitting $62.32. 1,688,940 shares of the company's stock traded hands, compared to its average volume of 664,663. The company has a market cap of $6.42 billion, a PE ratio of 49.86 and a beta of 1.23. First American Financial Co. has a one year low of $51.60 and a one year high of $70.92. The firm has a 50 day moving average price of $62.96 and a 200 day moving average price of $63.74.

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

First American Financial Company 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.