Charles Schwab Investment Management Inc. Purchases 6,708 Shares of First American Financial Co. (NYSE:FAF)

Charles Schwab Investment Management Inc. raised its position in shares of First American Financial Co. (NYSE:FAF - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,124,853 shares of the insurance provider's stock after purchasing an additional 6,708 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.09% of First American Financial worth $70,236,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bar Harbor Wealth Management grew its stake in shares of 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 purchasing an additional 29,324 shares during the period. Barclays PLC grew its stake in shares of First American Financial by 15.2% during the 3rd quarter. Barclays PLC now owns 60,821 shares of the insurance provider's stock valued at $4,016,000 after purchasing an additional 8,047 shares during the period. JPMorgan Chase & Co. grew its stake in shares of First American Financial by 5.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 214,820 shares of the insurance provider's stock valued at $14,180,000 after acquiring an additional 10,489 shares during the period. Oak Thistle LLC bought a new position in shares of First American Financial during the 4th quarter valued at approximately $1,476,000. Finally, Geode Capital Management LLC grew its stake in shares of First American Financial by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,700,903 shares of the insurance provider's stock valued at $112,306,000 after acquiring an additional 12,668 shares during the period. 89.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FAF has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their price objective on First American Financial from $74.00 to $75.00 and gave the company a "market perform" rating in a research note on Tuesday, February 18th. 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 note on Friday, February 14th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $74.50.

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Insiders Place Their Bets

In other news, SVP Lisa W. Cornehl sold 3,057 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $65.49, for a total transaction of $200,202.93. Following the sale, the senior vice president now directly owns 23,825 shares of the company's stock, valued at $1,560,299.25. This represents a 11.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark Edward Seaton sold 12,679 shares of the company's 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 sale, the chief financial officer now directly owns 195,812 shares in the company, valued at $12,586,795.36. This trade represents a 6.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 127,707 shares of company stock worth $8,136,565 in the last three months. 3.70% of the stock is owned by company insiders.

First American Financial Trading Up 1.5 %

Shares of NYSE:FAF opened at $63.33 on Wednesday. First American Financial Co. has a 12-month low of $51.60 and a 12-month high of $70.92. The company has a market cap of $6.51 billion, a PE ratio of 50.66 and a beta of 1.34. The stock has a 50 day moving average of $62.75 and a 200 day moving average of $64.34.

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

First American Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a $0.54 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.16 annualized dividend and a yield of 3.41%. First American Financial's payout ratio is 172.80%.

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.

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