Orion Portfolio Solutions LLC Has $1.44 Million Holdings in First American Financial Co. (NYSE:FAF)

Orion Portfolio Solutions LLC trimmed its position in shares of First American Financial Co. (NYSE:FAF - Free Report) by 18.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,020 shares of the insurance provider's stock after selling 5,069 shares during the quarter. Orion Portfolio Solutions LLC's holdings in First American Financial were worth $1,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. boosted its holdings in First American Financial by 18.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,510 shares of the insurance provider's stock worth $94,000 after purchasing an additional 230 shares in the last quarter. Norges Bank acquired a new stake in shares of First American Financial in the fourth quarter worth about $75,780,000. Loomis Sayles & Co. L P boosted its stake in shares of First American Financial by 3.9% during the 4th quarter. Loomis Sayles & Co. L P now owns 270,725 shares of the insurance provider's stock worth $16,904,000 after acquiring an additional 10,270 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of First American Financial by 6.7% during the 4th quarter. JPMorgan Chase & Co. now owns 229,303 shares of the insurance provider's stock valued at $14,318,000 after acquiring an additional 14,483 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of First American Financial by 6,233.2% in the 4th quarter. Prudential Financial Inc. now owns 706,211 shares of the insurance provider's stock valued at $44,096,000 after acquiring an additional 695,060 shares in the last quarter. Institutional investors own 89.05% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on FAF. Keefe, Bruyette & Woods upgraded First American Financial from a "market perform" rating to an "outperform" rating and set a $75.00 price target on the stock in a report on Tuesday. Stephens upped their price objective on shares of First American Financial from $73.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, February 14th.

Insider Activity

In related news, CFO Mark Edward Seaton sold 12,679 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $64.28, for a total value of $815,006.12. Following the completion of the transaction, the chief financial officer now directly owns 195,812 shares in the company, valued at approximately $12,586,795.36. This represents a 6.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Lisa W. Cornehl sold 3,057 shares of the firm's stock in a transaction 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 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 Down 0.6 %

FAF traded down $0.33 during midday trading on Tuesday, reaching $57.94. The company's stock had a trading volume of 1,356,078 shares, compared to its average volume of 644,878. The company has a fifty day simple moving average of $63.88 and a 200 day simple moving average of $64.20. The stock has a market cap of $5.97 billion, a P/E ratio of 46.35 and a beta of 1.23. First American Financial Co. has a twelve month low of $51.60 and a twelve month high of $70.92.

First American Financial (NYSE:FAF - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.22. First American Financial had a return on equity of 9.35% and a net margin of 2.14%. Sell-side analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.16 annualized dividend and a dividend yield of 3.73%. First American Financial's payout ratio is 172.80%.

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.