Russell Investments Group Ltd. Has $21.22 Million Holdings in First American Financial Co. (NYSE:FAF)

Russell Investments Group Ltd. lessened its holdings in shares of First American Financial Co. (NYSE:FAF - Free Report) by 10.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 339,837 shares of the insurance provider's stock after selling 41,677 shares during the period. Russell Investments Group Ltd. owned 0.33% of First American Financial worth $21,219,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in First American Financial by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 10,625,017 shares of the insurance provider's stock worth $663,426,000 after purchasing an additional 107,925 shares during the period. Victory Capital Management Inc. raised its holdings in First American Financial by 3.1% during the fourth quarter. Victory Capital Management Inc. now owns 2,573,788 shares of the insurance provider's stock worth $160,707,000 after purchasing an additional 78,022 shares in the last quarter. Wellington Management Group LLP increased its position in shares of First American Financial by 19.8% during the 4th quarter. Wellington Management Group LLP now owns 1,735,557 shares of the insurance provider's stock valued at $108,368,000 after purchasing an additional 286,711 shares during the period. Geode Capital Management LLC boosted its holdings in First American Financial by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,700,903 shares of the insurance provider's stock worth $112,306,000 after buying an additional 12,668 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in First American Financial by 2.5% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,530,977 shares of the insurance provider's stock worth $95,594,000 after purchasing an additional 37,866 shares during the period. 89.05% of the stock is owned by institutional investors.

First American Financial Price Performance

Shares of FAF stock traded up $0.12 during trading on Tuesday, reaching $61.09. The company had a trading volume of 205,328 shares, compared to its average volume of 647,206. First American Financial Co. has a one year low of $51.60 and a one year high of $70.92. The firm's 50 day simple moving average is $63.61 and its two-hundred day simple moving average is $64.05. The company has a market capitalization of $6.30 billion, a PE ratio of 48.94 and a beta of 1.23.

First American Financial (NYSE:FAF - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share (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%. Analysts forecast 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 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 3.54%. The ex-dividend date of this dividend was Monday, March 10th. First American Financial's dividend payout ratio (DPR) is currently 172.80%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Stephens upped their price target 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 shares of First American Financial from a "market perform" rating to an "outperform" rating and set a $75.00 target price for the company in a research report on Tuesday, April 8th.

Insider Activity at First American Financial

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 in the company, valued at approximately $1,560,299.25. This trade represents a 11.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dennis J. Gilmore sold 111,971 shares of the firm's stock in a transaction 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 completion of the transaction, the director now directly owns 494,574 shares of the company's stock, valued at approximately $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 sold a total of 127,707 shares of company stock worth $8,136,565 in the last ninety days. 3.70% of the stock is currently owned by insiders.

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.