Vanguard Group Inc. Purchases 107,925 Shares of First American Financial Co. (NYSE:FAF)

Vanguard Group Inc. lifted its position in shares of First American Financial Co. (NYSE:FAF - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,625,017 shares of the insurance provider's stock after purchasing an additional 107,925 shares during the period. Vanguard Group Inc. owned about 10.32% of First American Financial worth $663,426,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. raised its position in First American Financial by 66.9% during the 4th quarter. UMB Bank n.a. now owns 524 shares of the insurance provider's stock worth $33,000 after purchasing an additional 210 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of First American Financial by 57.6% in the fourth quarter. Jones Financial Companies Lllp now owns 670 shares of the insurance provider's stock valued at $42,000 after buying an additional 245 shares during the period. GAMMA Investing LLC raised its position 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 acquiring an additional 277 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in shares of First American Financial in the third quarter worth approximately $75,000. Finally, Parkside Financial Bank & Trust boosted its holdings in First American Financial by 14.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,340 shares of the insurance provider's stock valued at $84,000 after acquiring an additional 173 shares during the last quarter. Institutional investors and hedge funds own 89.05% of the company's stock.

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First American Financial Stock Performance

Shares of First American Financial stock traded up $0.54 on Wednesday, reaching $67.00. 557,546 shares of the company's stock were exchanged, compared to its average volume of 632,813. The company has a market capitalization of $6.91 billion, a P/E ratio of 53.60 and a beta of 1.34. First American Financial Co. has a 52 week low of $51.60 and a 52 week high of $70.92. The firm's 50-day moving average is $64.03 and its two-hundred day moving average is $64.40.

First American Financial (NYSE:FAF - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The insurance provider reported $1.35 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.22. First American Financial had a net margin of 2.14% and a return on equity of 9.35%. On average, analysts expect that First American Financial Co. will post 5.35 EPS for the current fiscal year.

First American Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 payout ratio is currently 172.80%.

Analyst Ratings Changes

FAF has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their price target on shares of First American Financial from $74.00 to $75.00 and gave the stock a "market perform" rating in a report on Tuesday, February 18th. 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.

Insider Buying and Selling at First American Financial

In other First American Financial news, CFO Mark Edward Seaton sold 12,679 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $64.28, for a total value of $815,006.12. Following the transaction, the chief financial officer now directly owns 195,812 shares of the company's stock, valued at approximately $12,586,795.36. This trade represents a 6.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Lisa W. Cornehl sold 3,057 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $65.49, for a total transaction of $200,202.93. Following the sale, the senior vice president now directly owns 23,825 shares of the company's stock, valued at approximately $1,560,299.25. The trade was a 11.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 127,707 shares of company stock valued at $8,136,565. Company insiders own 3.70% of the company's stock.

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.