First American Financial Co. (NYSE:FAF) SVP Sells $200,202.93 in Stock

First American Financial Co. (NYSE:FAF - Get Free Report) SVP Lisa W. Cornehl sold 3,057 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $65.49, for a total transaction 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. This trade represents a 11.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

First American Financial Stock Performance

Shares of First American Financial stock traded down $0.69 during trading on Monday, hitting $65.00. 911,869 shares of the stock were exchanged, compared to its average volume of 495,634. The stock's fifty day moving average is $62.64 and its 200 day moving average is $64.26. First American Financial Co. has a 12 month low of $51.60 and a 12 month high of $70.92. The stock has a market cap of $6.68 billion, a PE ratio of 52.00 and a beta of 1.33.

First American Financial (NYSE:FAF - Get Free Report) last announced its 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%. Sell-side analysts anticipate that First American Financial Co. will post 5.35 EPS for the current fiscal year.

First American Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a $0.54 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.16 dividend on an annualized basis and a yield of 3.32%. First American Financial's dividend payout ratio (DPR) is 172.80%.

Institutional Trading of First American Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bar Harbor Wealth Management lifted its holdings in First American Financial by 43.6% in the 4th quarter. Bar Harbor Wealth Management now owns 96,627 shares of the insurance provider's stock valued at $6,033,000 after acquiring an additional 29,324 shares during the last quarter. Barclays PLC boosted its holdings in First American Financial by 15.2% during the third quarter. Barclays PLC now owns 60,821 shares of the insurance provider's stock worth $4,016,000 after buying an additional 8,047 shares in the last quarter. JPMorgan Chase & Co. grew its position in First American Financial by 5.1% in the third quarter. JPMorgan Chase & Co. now owns 214,820 shares of the insurance provider's stock worth $14,180,000 after buying an additional 10,489 shares during the last quarter. Oak Thistle LLC acquired a new stake in shares of First American Financial during the 4th quarter valued at $1,476,000. Finally, Geode Capital Management LLC raised its position in shares of 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 purchasing an additional 12,668 shares during the period. Institutional investors own 89.05% of the company's stock.

Analysts Set New Price Targets

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

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.