First American Financial Co. (NYSE:FAF) Shares Purchased by Sei Investments Co.

Sei Investments Co. lifted its position in shares of First American Financial Co. (NYSE:FAF - Free Report) by 19.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,195 shares of the insurance provider's stock after acquiring an additional 6,935 shares during the period. Sei Investments Co.'s holdings in First American Financial were worth $2,634,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of First American Financial by 9.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,743 shares of the insurance provider's stock worth $1,237,000 after purchasing an additional 1,635 shares during the period. Walleye Capital LLC bought a new stake in shares of First American Financial during the 3rd quarter valued at about $345,000. Captrust Financial Advisors raised its stake in First American Financial by 11.8% during the third quarter. Captrust Financial Advisors now owns 6,930 shares of the insurance provider's stock worth $457,000 after acquiring an additional 732 shares during the period. Paloma Partners Management Co bought a new position in First American Financial in the third quarter worth about $265,000. Finally, HighTower Advisors LLC boosted its stake in First American Financial by 7.4% in the third quarter. HighTower Advisors LLC now owns 8,932 shares of the insurance provider's stock valued at $585,000 after acquiring an additional 615 shares during the period. 89.05% of the stock is currently owned by institutional investors.

Insider Activity at First American Financial

In other First American Financial news, SVP Lisa W. Cornehl sold 3,057 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president now directly owns 23,825 shares in the company, valued at $1,560,299.25. This represents a 11.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dennis J. Gilmore sold 111,971 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $63.60, for a total value of $7,121,355.60. Following the transaction, the director now directly owns 494,574 shares of the company's stock, valued at approximately $31,454,906.40. The trade was a 18.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 127,707 shares of company stock worth $8,136,565 in the last 90 days. Corporate insiders own 3.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Stephens increased their price target on First American Financial from $73.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Keefe, Bruyette & Woods raised First American Financial from a "market perform" rating to an "outperform" rating and set a $75.00 target price on the stock in a research report on Tuesday.

First American Financial Stock Performance

Shares of NYSE:FAF traded up $3.27 during trading hours on Wednesday, hitting $61.30. The stock had a trading volume of 1,639,718 shares, compared to its average volume of 648,755. The stock's fifty day simple moving average is $63.79 and its 200 day simple moving average is $64.15. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 49.04 and a beta of 1.23. First American Financial Co. has a 1-year low of $51.60 and a 1-year high of $70.92.

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 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%. As a group, research analysts anticipate that First American Financial Co. will post 5.35 EPS for the current year.

First American Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend was Monday, March 10th. First American Financial's payout ratio is currently 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.