First American Financial Co. (NYSE:FAF) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its position in First American Financial Co. (NYSE:FAF - Free Report) by 17.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 28,375 shares of the insurance provider's stock after purchasing an additional 4,204 shares during the period. Thrivent Financial for Lutherans' holdings in First American Financial were worth $1,772,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FAF. UMB Bank n.a. raised its position in shares of First American Financial by 66.9% in the fourth quarter. UMB Bank n.a. now owns 524 shares of the insurance provider's stock valued at $33,000 after buying an additional 210 shares during the last quarter. Jones Financial Companies Lllp grew its stake 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 valued at $42,000 after acquiring an additional 245 shares in the last quarter. GAMMA Investing LLC raised its holdings 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 acquiring an additional 277 shares during the last quarter. Sunbelt Securities Inc. purchased a new position in First American Financial in the 3rd quarter worth approximately $75,000. Finally, Parkside Financial Bank & Trust lifted its stake 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 worth $84,000 after purchasing an additional 173 shares in the last quarter. Institutional investors and hedge funds own 89.05% of the company's stock.

Remove Ads

Analyst Ratings Changes

Several research firms recently commented on FAF. Stephens increased their price target on First American Financial from $73.00 to $78.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Keefe, Bruyette & Woods upped their target price on First American Financial from $74.00 to $75.00 and gave the company a "market perform" rating in a report on Tuesday, February 18th.

Insider Buying and Selling at First American Financial

In related news, CFO Mark Edward Seaton sold 12,679 shares of the business'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 sale, the chief financial officer now owns 195,812 shares in the company, valued at approximately $12,586,795.36. The trade was a 6.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Lisa W. Cornehl sold 3,057 shares of the firm'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 transaction, the senior vice president now owns 23,825 shares of the company's stock, valued at $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. 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 insiders.

First American Financial Stock Performance

Shares of NYSE FAF traded up $0.54 during midday trading on Wednesday, reaching $67.00. 557,546 shares of the stock were exchanged, compared to its average volume of 632,030. The stock has a market capitalization of $6.91 billion, a P/E ratio of 53.60 and a beta of 1.34. The company has a 50 day simple moving average of $64.14 and a 200 day simple moving average of $64.42. 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 earnings results on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts expect that First American Financial Co. will post 5.35 earnings per share 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. The ex-dividend date was Monday, March 10th. This represents a $2.16 annualized dividend and a yield of 3.22%. First American Financial's dividend payout ratio (DPR) is currently 172.80%.

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.