First American Financial Co. (NYSE:FAF) Stock Position Decreased by Channing Capital Management LLC

Channing Capital Management LLC reduced its position in First American Financial Co. (NYSE:FAF - Free Report) by 20.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 140,357 shares of the insurance provider's stock after selling 36,155 shares during the period. Channing Capital Management LLC owned about 0.14% of First American Financial worth $8,764,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its stake in First American Financial by 14.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,340 shares of the insurance provider's stock worth $84,000 after acquiring an additional 173 shares during the period. CIBC Asset Management Inc grew its stake in First American Financial by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 3,247 shares of the insurance provider's stock worth $203,000 after acquiring an additional 179 shares during the period. UMB Bank n.a. grew its stake in First American Financial by 66.9% in the 4th quarter. UMB Bank n.a. now owns 524 shares of the insurance provider's stock worth $33,000 after acquiring an additional 210 shares during the period. Jones Financial Companies Lllp grew its stake in First American Financial by 57.6% in the 4th 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 period. Finally, Empowered Funds LLC grew its stake in shares of First American Financial by 6.7% during the 4th quarter. Empowered Funds LLC now owns 4,076 shares of the insurance provider's stock valued at $255,000 after buying an additional 256 shares during the period. 89.05% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of First American Financial from $74.00 to $75.00 and gave the company a "market perform" rating in a research note on Tuesday, February 18th. Stephens boosted their price objective on shares of First American Financial from $73.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday, February 14th.

First American Financial Stock Performance

Shares of NYSE:FAF traded up $1.24 during midday trading on Friday, hitting $63.86. 1,035,480 shares of the company's stock traded hands, compared to its average volume of 625,071. The company has a market cap of $6.56 billion, a PE ratio of 51.09 and a beta of 1.34. The firm's fifty day moving average price is $62.78 and its two-hundred day moving average price is $64.30. First American Financial Co. has a twelve month low of $51.60 and a twelve month high of $70.92.

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

First American Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.16 annualized dividend and a dividend yield of 3.38%. First American Financial's payout ratio is 172.80%.

Insider Activity at First American Financial

In other First American Financial news, SVP Lisa W. Cornehl sold 3,057 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $65.49, for a total value of $200,202.93. Following the transaction, the senior vice president now owns 23,825 shares in the company, valued at $1,560,299.25. The trade was a 11.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Mark Edward Seaton sold 12,679 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $64.28, for a total transaction of $815,006.12. Following the completion of the transaction, the chief financial officer now owns 195,812 shares in the company, valued at $12,586,795.36. This represents a 6.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 127,707 shares of company stock worth $8,136,565. 3.70% of the stock is currently owned by corporate insiders.

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.