Victory Capital Management Inc. Raises Holdings in First American Financial Co. (NYSE:FAF)

Victory Capital Management Inc. lifted its stake in shares of First American Financial Co. (NYSE:FAF - Free Report) by 3.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,573,788 shares of the insurance provider's stock after acquiring an additional 78,022 shares during the period. Victory Capital Management Inc. owned 2.50% of First American Financial worth $160,707,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Parkside Financial Bank & Trust increased its stake 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 purchasing an additional 173 shares in the last quarter. CIBC Asset Management Inc increased its position in First American Financial by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 3,247 shares of the insurance provider's stock valued at $203,000 after buying an additional 179 shares in the last quarter. UMB Bank n.a. increased its position in First American Financial by 66.9% in the 4th 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 in the last quarter. Jones Financial Companies Lllp raised 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 worth $42,000 after buying an additional 245 shares during the period. Finally, Empowered Funds LLC boosted its holdings in First American Financial by 6.7% in the fourth quarter. Empowered Funds LLC now owns 4,076 shares of the insurance provider's stock worth $255,000 after acquiring an additional 256 shares in the last quarter. 89.05% of the stock is owned by institutional investors.

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Analyst Ratings Changes

FAF has been the topic of a number of research reports. Keefe, Bruyette & Woods upped their target price on First American Financial from $74.00 to $75.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 18th. Stephens boosted their price target on shares of First American Financial from $73.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.50.

First American Financial Stock Performance

Shares of First American Financial stock traded down $0.13 on Friday, hitting $63.87. The company had a trading volume of 850,174 shares, compared to its average volume of 616,983. First American Financial Co. has a 1 year low of $51.60 and a 1 year high of $70.92. The stock has a 50 day moving average of $62.75 and a 200-day moving average of $64.30. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 51.10 and a beta of 1.34.

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

First American Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Monday, March 10th. First American Financial's dividend payout ratio (DPR) is presently 172.80%.

Insider Buying and Selling

In other First American Financial 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 transaction, the chief financial officer now owns 195,812 shares of the company's stock, valued at approximately $12,586,795.36. The trade was a 6.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Lisa W. Cornehl sold 3,057 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were 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 owns 23,825 shares of the company's stock, valued at $1,560,299.25. This trade represents a 11.37 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 127,707 shares of company stock worth $8,136,565. 3.70% of the stock is owned by insiders.

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.