First American Financial Co. (NYSE:FAF) Director Dennis J. Gilmore Sells 111,971 Shares

First American Financial Co. (NYSE:FAF - Get Free Report) Director Dennis J. Gilmore sold 111,971 shares of the company's 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 completion of the transaction, the director now directly owns 494,574 shares in the company, valued at approximately $31,454,906.40. The trade was a 18.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

First American Financial Stock Performance

Shares of NYSE FAF traded up $0.25 during trading on Friday, reaching $63.44. The stock had a trading volume of 840,769 shares, compared to its average volume of 413,183. First American Financial Co. has a one year low of $51.60 and a one year high of $70.92. The stock has a market cap of $6.53 billion, a PE ratio of 50.75 and a beta of 1.33. The firm's 50 day moving average price is $62.52 and its two-hundred day moving average price is $64.07.

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

First American Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.16 dividend on an annualized basis and a yield of 3.40%. First American Financial's payout ratio is currently 172.80%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Stephens upped their target price 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. Keefe, Bruyette & Woods upped their target price on First American Financial from $74.00 to $75.00 and gave the company a "market perform" rating in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, First American Financial currently has an average rating of "Moderate Buy" and an average price target of $74.50.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its stake in shares of First American Financial by 66.9% in the fourth quarter. UMB Bank n.a. now owns 524 shares of the insurance provider's stock worth $33,000 after purchasing an additional 210 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of First American Financial by 132.3% in the third quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider's stock worth $41,000 after purchasing an additional 356 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of First American Financial by 57.6% in the fourth quarter. Jones Financial Companies Lllp now owns 670 shares of the insurance provider's stock worth $42,000 after purchasing an additional 245 shares in the last quarter. Blue Trust Inc. grew its stake in shares of First American Financial by 214.2% in the third quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider's stock worth $67,000 after purchasing an additional 696 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of First American Financial by 34.9% in the fourth quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider's stock worth $67,000 after purchasing an additional 277 shares in the last quarter. 89.05% of the stock is currently owned by institutional investors.

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.