T. Rowe Price Investment Management Inc. Sells 806,789 Shares of First American Financial Co. (NYSE:FAF)

T. Rowe Price Investment Management Inc. reduced its position in First American Financial Co. (NYSE:FAF - Free Report) by 36.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,422,197 shares of the insurance provider's stock after selling 806,789 shares during the period. T. Rowe Price Investment Management Inc. owned about 1.38% of First American Financial worth $88,802,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Barclays PLC lifted its stake in First American Financial by 15.2% in the 3rd quarter. Barclays PLC now owns 60,821 shares of the insurance provider's stock worth $4,016,000 after acquiring an additional 8,047 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of First American Financial by 57.8% in the third quarter. Sanctuary Advisors LLC now owns 6,669 shares of the insurance provider's stock worth $451,000 after purchasing an additional 2,442 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of 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 purchasing an additional 10,489 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of First American Financial by 34.9% during the fourth quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider's stock worth $67,000 after purchasing an additional 277 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in First American Financial by 16.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,978 shares of the insurance provider's stock valued at $1,187,000 after purchasing an additional 2,542 shares in the last quarter. Institutional investors and hedge funds own 89.05% of the company's stock.

Insider Activity at First American Financial

In related news, CFO Mark Edward Seaton sold 12,679 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $64.28, for a total transaction 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 $12,586,795.36. This represents a 6.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dennis J. Gilmore sold 111,971 shares of the firm's 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 completion of the sale, the director now owns 494,574 shares in the company, valued at $31,454,906.40. This represents a 18.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 127,707 shares of company stock worth $8,136,565 in the last 90 days. 3.70% of the stock is owned by company insiders.

First American Financial Stock Performance

Shares of First American Financial stock traded up $0.20 on Tuesday, reaching $61.37. The stock had a trading volume of 569,385 shares, compared to its average volume of 659,477. The business's 50-day moving average price is $62.78 and its two-hundred day moving average price is $63.68. The stock has a market cap of $6.33 billion, a P/E ratio of 49.09 and a beta of 1.23. First American Financial Co. has a fifty-two week low of $51.85 and a fifty-two week high of $70.92.

First American Financial (NYSE:FAF - Get Free Report) last released its earnings results on Wednesday, April 23rd. The insurance provider reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.19. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.53 billion. First American Financial had a net margin of 2.14% and a return on equity of 9.35%. The business's revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS. As a group, equities analysts forecast that First American Financial Co. will post 5.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FAF shares. Barclays lifted their target price 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. StockNews.com raised First American Financial from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. Stephens boosted their target price 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. Finally, Keefe, Bruyette & Woods raised their price target on First American Financial from $75.00 to $77.00 and gave the stock an "outperform" rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $75.00.

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.