First American Financial Co. (NYSE:FAF) is Cramer Rosenthal Mcglynn LLC's Largest Position

Cramer Rosenthal Mcglynn LLC increased its holdings in First American Financial Co. (NYSE:FAF - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 847,843 shares of the insurance provider's stock after buying an additional 17,879 shares during the period. First American Financial accounts for 3.0% of Cramer Rosenthal Mcglynn LLC's holdings, making the stock its largest position. Cramer Rosenthal Mcglynn LLC owned 0.82% of First American Financial worth $52,939,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in First American Financial by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 10,625,017 shares of the insurance provider's stock valued at $663,426,000 after purchasing an additional 107,925 shares in the last quarter. FMR LLC raised its holdings in shares of First American Financial by 20.8% during the 4th quarter. FMR LLC now owns 6,046,743 shares of the insurance provider's stock worth $377,559,000 after buying an additional 1,042,145 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of First American Financial by 3.1% during the 4th quarter. Victory Capital Management Inc. now owns 2,573,788 shares of the insurance provider's stock worth $160,707,000 after buying an additional 78,022 shares during the last quarter. Wellington Management Group LLP boosted its stake in First American Financial by 19.8% in the fourth quarter. Wellington Management Group LLP now owns 1,735,557 shares of the insurance provider's stock valued at $108,368,000 after buying an additional 286,711 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in First American Financial by 2.5% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,530,977 shares of the insurance provider's stock valued at $95,594,000 after acquiring an additional 37,866 shares during the last quarter. 89.05% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other First American Financial news, SVP Lisa W. Cornehl sold 3,057 shares of the firm'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 value 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. This trade represents a 11.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction, the chief financial officer now directly owns 195,812 shares in the company, valued at $12,586,795.36. The trade was a 6.08 % 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. Corporate insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on FAF shares. Stephens raised 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 report on Friday, February 14th. Keefe, Bruyette & Woods upgraded shares of First American Financial from a "market perform" rating to an "outperform" rating and set a $75.00 target price on the stock in a research report on Tuesday, April 8th.

First American Financial Trading Down 3.7 %

NYSE:FAF traded down $2.17 on Monday, reaching $57.02. 712,380 shares of the stock traded hands, compared to its average volume of 655,484. First American Financial Co. has a 1-year low of $51.60 and a 1-year high of $70.92. The company's 50 day moving average is $63.16 and its 200-day moving average is $63.82. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 45.62 and a beta of 1.23.

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

First American Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $0.54 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.16 dividend on an annualized basis and a yield of 3.79%. First American Financial's payout ratio is currently 172.80%.

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.