First American Financial Co. (NYSE:FAF) Stake Boosted by MetLife Investment Management LLC

MetLife Investment Management LLC grew its holdings in First American Financial Co. (NYSE:FAF - Free Report) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,009 shares of the insurance provider's stock after purchasing an additional 4,884 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of First American Financial worth $3,622,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. UMB Bank n.a. increased its position in First American Financial by 66.9% during the fourth quarter. UMB Bank n.a. now owns 524 shares of the insurance provider's stock worth $33,000 after buying an additional 210 shares in the last quarter. Jones Financial Companies Lllp increased its position in First American Financial by 57.6% during the 4th quarter. Jones Financial Companies Lllp now owns 670 shares of the insurance provider's stock worth $42,000 after purchasing an additional 245 shares in the last quarter. GAMMA Investing LLC raised its stake in First American Financial by 34.9% in the 4th quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider's stock valued at $67,000 after purchasing an additional 277 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings 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 valued at $84,000 after purchasing an additional 173 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of First American Financial by 18.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,510 shares of the insurance provider's stock worth $94,000 after buying an additional 230 shares in the last quarter. 89.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Stephens lifted their target price on shares of First American Financial from $73.00 to $78.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. StockNews.com raised First American Financial from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Barclays upped their price objective on shares of First American Financial from $69.00 to $72.00 and gave the company an "equal weight" rating in a research note on Friday. Finally, Keefe, Bruyette & Woods upped their price target on shares of First American Financial from $75.00 to $77.00 and gave the stock an "outperform" rating in a research report on Monday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $75.00.

Insider Transactions at First American Financial

In other First American Financial news, Director Dennis J. Gilmore sold 111,971 shares of the firm's stock in a transaction on 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 directly owns 494,574 shares of the company's stock, valued at $31,454,906.40. This trade represents a 18.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark Edward Seaton sold 12,679 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $64.28, for a total value of $815,006.12. Following the completion of the sale, the chief financial officer now directly owns 195,812 shares of the company's stock, valued at approximately $12,586,795.36. This represents a 6.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 127,707 shares of company stock valued at $8,136,565. 3.70% of the stock is currently owned by insiders.

First American Financial Stock Up 0.3 %

Shares of First American Financial stock traded up $0.20 during trading hours on Tuesday, hitting $61.37. The company's stock had a trading volume of 569,385 shares, compared to its average volume of 659,477. First American Financial Co. has a 1-year low of $51.85 and a 1-year high of $70.92. The company has a market capitalization of $6.33 billion, a PE ratio of 49.09 and a beta of 1.23. The business has a fifty day moving average of $62.82 and a 200 day moving average of $63.70.

First American Financial (NYSE:FAF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.19. First American Financial had a net margin of 2.14% and a return on equity of 9.35%. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the firm posted $0.45 earnings per share. The business's quarterly revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts anticipate that First American Financial Co. will post 5.35 earnings per share for the current fiscal year.

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.