EMG Holdings L.P. Invests $4.37 Million in First American Financial Co. (NYSE:FAF)

EMG Holdings L.P. bought a new position in First American Financial Co. (NYSE:FAF - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 69,982 shares of the insurance provider's stock, valued at approximately $4,370,000. First American Financial accounts for about 2.6% of EMG Holdings L.P.'s holdings, making the stock its 7th biggest holding. EMG Holdings L.P. owned approximately 0.07% of First American Financial as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FAF. Bar Harbor Wealth Management boosted its holdings in First American Financial by 43.6% in the fourth quarter. Bar Harbor Wealth Management now owns 96,627 shares of the insurance provider's stock worth $6,033,000 after acquiring an additional 29,324 shares in the last quarter. Barclays PLC boosted its stake in First American Financial by 15.2% in the 3rd quarter. Barclays PLC now owns 60,821 shares of the insurance provider's stock worth $4,016,000 after purchasing an additional 8,047 shares in the last quarter. JPMorgan Chase & Co. grew 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 valued at $14,180,000 after purchasing an additional 10,489 shares during the last quarter. Oak Thistle LLC bought a new stake in First American Financial during the 4th quarter valued at about $1,476,000. Finally, Geode Capital Management LLC raised its holdings in First American Financial by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,700,903 shares of the insurance provider's stock worth $112,306,000 after buying an additional 12,668 shares during the last quarter. 89.05% of the stock is currently owned by institutional investors.

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First American Financial Price Performance

Shares of FAF traded down $2.29 during trading hours on Thursday, hitting $64.71. The stock had a trading volume of 1,847,756 shares, compared to its average volume of 636,439. The firm has a market capitalization of $6.67 billion, a PE ratio of 51.77 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 stock has a fifty day moving average price of $64.21 and a 200 day moving average price of $64.42.

First American Financial (NYSE:FAF - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The insurance provider reported $1.35 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 anticipate that First American Financial Co. will post 5.35 EPS for the current fiscal year.

First American Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.34%. The ex-dividend date was Monday, March 10th. First American Financial's dividend payout ratio is presently 172.80%.

Insider Activity

In other First American Financial news, SVP Lisa W. Cornehl sold 3,057 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was 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 of the company's stock, valued at approximately $1,560,299.25. The trade was a 11.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mark Edward Seaton sold 12,679 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $64.28, for a total value of $815,006.12. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 127,707 shares of company stock valued at $8,136,565 in the last 90 days. Company insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FAF shares. Stephens increased their price target on shares of First American Financial from $73.00 to $78.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Keefe, Bruyette & Woods lifted their target price on First American Financial from $74.00 to $75.00 and gave the stock a "market perform" rating in a report on Tuesday, February 18th.

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.