First American Financial Co. (NYSE:FAF) Shares Acquired by Snyder Capital Management L P

Snyder Capital Management L P boosted its holdings in shares of First American Financial Co. (NYSE:FAF - Free Report) by 15.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 353,543 shares of the insurance provider's stock after buying an additional 47,859 shares during the quarter. Snyder Capital Management L P owned 0.34% of First American Financial worth $22,075,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bar Harbor Wealth Management lifted its holdings in 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 worth $6,033,000 after buying an additional 29,324 shares in the last quarter. Barclays PLC lifted its holdings in First American Financial by 15.2% during the 3rd quarter. Barclays PLC now owns 60,821 shares of the insurance provider's stock worth $4,016,000 after buying an additional 8,047 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings 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 worth $14,180,000 after buying an additional 10,489 shares in the last quarter. Oak Thistle LLC acquired a new stake in First American Financial during the 4th quarter worth approximately $1,476,000. Finally, Merit Financial Group LLC acquired a new stake in First American Financial during the 4th quarter worth approximately $453,000. 89.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FAF shares. Keefe, Bruyette & Woods increased their target price on shares of First American Financial from $75.00 to $77.00 and gave the stock an "outperform" rating in a report on Monday. Stephens raised their price objective 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. StockNews.com upgraded shares of First American Financial from a "hold" rating to a "buy" rating in a report on Thursday. Finally, Barclays raised their price objective on shares of First American Financial from $69.00 to $72.00 and gave the company an "equal weight" rating in a report on Friday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, First American Financial currently has an average rating of "Moderate Buy" and a consensus target price of $75.00.

First American Financial Stock Performance

First American Financial stock traded up $0.23 during mid-day trading on Monday, reaching $61.17. 602,598 shares of the company were exchanged, compared to its average volume of 659,837. First American Financial Co. has a twelve month low of $51.85 and a twelve month high of $70.92. The firm's 50-day simple moving average is $62.82 and its two-hundred day simple moving average is $63.70. The firm has a market cap of $6.31 billion, a PE ratio of 48.94 and a beta of 1.23.

First American Financial (NYSE:FAF - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.19. First American Financial had a return on equity of 9.35% and a net margin of 2.14%. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the business posted $0.45 EPS. The company's revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities research analysts anticipate that First American Financial Co. will post 5.35 EPS for the current year.

Insider Activity at First American Financial

In other First American Financial news, SVP Lisa W. Cornehl sold 3,057 shares of the stock in a transaction 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 owns 23,825 shares in the company, valued at approximately $1,560,299.25. This represents a 11.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark Edward Seaton sold 12,679 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $64.28, for a total value of $815,006.12. Following the sale, the chief financial officer now owns 195,812 shares in the company, valued at approximately $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 127,707 shares of company stock valued at $8,136,565 in the last ninety days. Corporate insiders own 3.70% of the company's stock.

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.