Intech Investment Management LLC Acquires 11,858 Shares of First American Financial Co. (NYSE:FAF)

Intech Investment Management LLC increased its holdings in shares of First American Financial Co. (NYSE:FAF - Free Report) by 82.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,274 shares of the insurance provider's stock after purchasing an additional 11,858 shares during the quarter. Intech Investment Management LLC's holdings in First American Financial were worth $1,641,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FAF. Victory Capital Management Inc. raised its stake in shares of First American Financial by 3.1% during the 4th 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. Geode Capital Management LLC increased its position 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 during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in First American Financial by 2.5% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,530,977 shares of the insurance provider's stock valued at $95,594,000 after buying an additional 37,866 shares during the period. Wellington Management Group LLP acquired a new stake in shares of First American Financial in the third quarter valued at approximately $95,638,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of First American Financial by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,124,853 shares of the insurance provider's stock worth $70,236,000 after acquiring an additional 6,708 shares during the period. Institutional investors own 89.05% of the company's stock.

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Analyst Ratings Changes

FAF has been the topic of a number of research analyst reports. Stephens increased their price target on First American Financial from $73.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Keefe, Bruyette & Woods increased 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 report on Tuesday, February 18th.

First American Financial Price Performance

NYSE FAF traded up $0.01 on Wednesday, reaching $65.71. The stock had a trading volume of 458,800 shares, compared to its average volume of 610,996. First American Financial Co. has a 1-year low of $51.60 and a 1-year high of $70.92. The company has a market cap of $6.77 billion, a P/E ratio of 52.57 and a beta of 1.34. The firm has a fifty day moving average of $63.62 and a two-hundred day moving average of $64.37.

First American Financial (NYSE:FAF - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The insurance provider reported $1.35 EPS for the quarter, topping 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%. Research analysts predict that First American Financial Co. will post 5.35 EPS for the current fiscal year.

First American Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Monday, March 10th. First American Financial's dividend payout ratio (DPR) is currently 172.80%.

Insider Buying and Selling

In other news, Director Dennis J. Gilmore sold 111,971 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $63.60, for a total transaction of $7,121,355.60. Following the sale, the director now directly owns 494,574 shares of the company's stock, valued at approximately $31,454,906.40. This represents a 18.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Lisa W. Cornehl sold 3,057 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $65.49, for a total value of $200,202.93. Following the completion of the transaction, the senior vice president now directly owns 23,825 shares of the company's stock, valued at approximately $1,560,299.25. This trade represents a 11.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 127,707 shares of company stock valued at $8,136,565 over the last 90 days. 3.70% of the stock is owned by corporate insiders.

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.