Inceptionr LLC Takes Position in First American Financial Co. (NYSE:FAF)

Inceptionr LLC purchased a new position in First American Financial Co. (NYSE:FAF - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,322 shares of the insurance provider's stock, valued at approximately $769,000.

Other hedge funds also recently modified their holdings of the company. Parkside Financial Bank & Trust increased its position in shares of First American Financial by 14.8% during the fourth 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 in the last quarter. CIBC Asset Management Inc raised its position 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 valued at $203,000 after buying an additional 179 shares during the last quarter. UMB Bank n.a. lifted 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 valued at $33,000 after acquiring an additional 210 shares in the last quarter. Jones Financial Companies Lllp lifted 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 valued at $42,000 after acquiring an additional 245 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in First American Financial by 6.7% during the 4th quarter. Empowered Funds LLC now owns 4,076 shares of the insurance provider's stock worth $255,000 after acquiring an additional 256 shares during the last quarter. Institutional investors and hedge funds own 89.05% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods increased their target price on shares of First American Financial from $74.00 to $75.00 and gave the stock a "market perform" rating in a report on Tuesday, February 18th. Stephens upped their target price on First American Financial from $73.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, First American Financial has an average rating of "Moderate Buy" and a consensus price target of $74.50.

Insider Buying and Selling

In other news, CFO Mark Edward Seaton sold 12,679 shares of First American Financial 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 sale, the chief financial officer now owns 195,812 shares of the company's stock, valued at approximately $12,586,795.36. This trade represents a 6.08 % 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 hyperlink. Also, Director Dennis J. Gilmore sold 111,971 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $63.60, for a total transaction of $7,121,355.60. Following the completion of the transaction, the director now 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. In the last ninety days, insiders sold 127,707 shares of company stock valued at $8,136,565. Insiders own 3.70% of the company's stock.

First American Financial Trading Up 1.5 %

NYSE:FAF traded up $0.92 on Tuesday, hitting $63.33. The company's stock had a trading volume of 1,330,628 shares, compared to its average volume of 621,830. First American Financial Co. has a one year low of $51.60 and a one year high of $70.92. The stock has a fifty day moving average of $62.75 and a two-hundred day moving average of $64.34. The firm has a market capitalization of $6.51 billion, a P/E ratio of 50.66 and a beta of 1.34.

First American Financial (NYSE:FAF - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The insurance provider reported $1.35 EPS 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, sell-side analysts anticipate that First American Financial Co. will post 5.35 EPS for the current year.

First American Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Monday, March 10th. First American Financial's payout ratio is 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.