Corient Private Wealth LLC Purchases 842,904 Shares of First American Financial Co. (NYSE:FAF)

Corient Private Wealth LLC grew its holdings in First American Financial Co. (NYSE:FAF - Free Report) by 13,222.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 849,279 shares of the insurance provider's stock after acquiring an additional 842,904 shares during the period. Corient Private Wealth LLC owned 0.82% of First American Financial worth $53,029,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of First American Financial by 3.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,454 shares of the insurance provider's stock valued at $1,215,000 after buying an additional 711 shares in the last quarter. AlphaQuest LLC lifted its stake in shares of First American Financial by 49,371.4% during the 4th quarter. AlphaQuest LLC now owns 3,463 shares of the insurance provider's stock valued at $216,000 after buying an additional 3,456 shares in the last quarter. Amundi purchased a new position in shares of First American Financial during the 4th quarter valued at $1,864,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of First American Financial during the 4th quarter valued at $226,000. Finally, Vestmark Advisory Solutions Inc. lifted its stake in shares of First American Financial by 20.3% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 8,845 shares of the insurance provider's stock valued at $552,000 after buying an additional 1,490 shares in the last quarter. 89.05% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

FAF has been the topic of a number of analyst reports. Stephens lifted their target price 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 boosted their price target on shares of First American Financial from $74.00 to $75.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 18th.

Insider Activity

In other news, Director Dennis J. Gilmore sold 111,971 shares of the company's stock in a transaction dated 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Lisa W. Cornehl sold 3,057 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $65.49, for a total transaction of $200,202.93. Following the sale, the senior vice president now owns 23,825 shares in the company, valued at $1,560,299.25. This represents a 11.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 127,707 shares of company stock worth $8,136,565. 3.70% of the stock is currently owned by corporate insiders.

First American Financial Stock Down 0.1 %

FAF stock traded down $0.08 during mid-day trading on Thursday, hitting $65.40. The company had a trading volume of 765,060 shares, compared to its average volume of 614,053. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 52.32 and a beta of 1.34. First American Financial Co. has a 12-month low of $51.60 and a 12-month high of $70.92. The company has a 50-day moving average price of $63.09 and a 200 day moving average price of $64.35.

First American Financial (NYSE:FAF - Get Free Report) last announced its earnings results on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.22. First American Financial had a net margin of 2.14% and a return on equity of 9.35%. As a group, analysts expect that First American Financial Co. will post 5.35 EPS for the current year.

First American Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.30%. The ex-dividend date was Monday, March 10th. First American Financial's dividend payout ratio is 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.