Wellington Management Group LLP Grows Holdings in First American Financial Co. (NYSE:FAF)

Wellington Management Group LLP increased its stake in shares of First American Financial Co. (NYSE:FAF - Free Report) by 19.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,735,557 shares of the insurance provider's stock after purchasing an additional 286,711 shares during the quarter. Wellington Management Group LLP owned approximately 1.69% of First American Financial worth $108,368,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FAF. UMB Bank n.a. boosted its stake in shares of First American Financial by 66.9% during the 4th quarter. UMB Bank n.a. now owns 524 shares of the insurance provider's stock worth $33,000 after purchasing an additional 210 shares during the last quarter. Jones Financial Companies Lllp boosted its position in First American Financial by 57.6% during the fourth quarter. Jones Financial Companies Lllp now owns 670 shares of the insurance provider's stock worth $42,000 after acquiring an additional 245 shares during the last quarter. GAMMA Investing LLC grew its stake in First American Financial by 34.9% in the 4th quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider's stock worth $67,000 after acquiring an additional 277 shares during the period. Sunbelt Securities Inc. purchased a new stake in First American Financial in the 3rd quarter worth approximately $75,000. Finally, Parkside Financial Bank & Trust lifted its stake in shares of First American Financial by 14.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,340 shares of the insurance provider's stock worth $84,000 after purchasing an additional 173 shares during the period. Hedge funds and other institutional investors own 89.05% of the company's stock.

Analyst Upgrades and Downgrades

FAF has been the subject of a number of recent analyst reports. Stephens lifted their price objective 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 upgraded First American Financial from a "market perform" rating to an "outperform" rating and set a $75.00 price target for the company in a report on Tuesday.

Insider Buying and Selling at First American Financial

In other news, SVP Lisa W. Cornehl sold 3,057 shares of the stock in a transaction dated 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 in the company, valued at approximately $1,560,299.25. This trade represents a 11.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dennis J. Gilmore sold 111,971 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $63.60, for a total value of $7,121,355.60. Following the transaction, the director now directly owns 494,574 shares in the company, valued at $31,454,906.40. This trade represents a 18.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 127,707 shares of company stock valued at $8,136,565 over the last ninety days. Corporate insiders own 3.70% of the company's stock.

First American Financial Stock Up 2.7 %

Shares of NYSE FAF traded up $1.55 during trading on Tuesday, hitting $59.81. 534,242 shares of the company traded hands, compared to its average volume of 644,900. The firm has a market capitalization of $6.17 billion, a P/E ratio of 47.96 and a beta of 1.23. The company has a 50-day moving average price of $64.09 and a 200-day moving average price of $64.29. First American Financial Co. has a 1 year low of $51.60 and a 1 year high of $70.92.

First American Financial (NYSE:FAF - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The insurance provider reported $1.35 EPS for the quarter, topping the consensus estimate of $1.13 by $0.22. First American Financial had a return on equity of 9.35% and a net margin of 2.14%. Research analysts predict 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. Investors of record on Monday, March 10th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Monday, March 10th. First American Financial's dividend payout ratio (DPR) is presently 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.