4,063 Shares in First American Financial Co. (NYSE:FAF) Acquired by Versor Investments LP

Versor Investments LP purchased a new stake in shares of First American Financial Co. (NYSE:FAF) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 4,063 shares of the insurance provider’s stock, valued at approximately $254,000.

Several other institutional investors have also recently made changes to their positions in FAF. Wellington Management Group LLP bought a new stake in First American Financial during the third quarter valued at $95,638,000. ArrowMark Colorado Holdings LLC bought a new stake in shares of First American Financial during the 3rd quarter valued at about $43,431,000. Holocene Advisors LP purchased a new position in shares of First American Financial during the third quarter worth about $36,803,000. Jacobs Levy Equity Management Inc. increased its position in shares of First American Financial by 83.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 893,216 shares of the insurance provider’s stock worth $58,961,000 after purchasing an additional 405,487 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in First American Financial by 19.4% in the third quarter. Victory Capital Management Inc. now owns 2,495,766 shares of the insurance provider’s stock valued at $164,746,000 after purchasing an additional 405,146 shares in the last quarter. Institutional investors own 89.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Stephens boosted their price target 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. Keefe, Bruyette & Woods upped their target price on shares of 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. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $74.50.

Insider Transactions at First American Financial

In other news, Director Dennis J. Gilmore sold 111,971 shares of the firm’s stock in a transaction that occurred 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 owns 494,574 shares in the company, valued at approximately $31,454,906.40. This trade represents a 18.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Lisa W. Cornehl sold 3,057 shares of First American Financial stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $65.49, for a total transaction of $200,202.93. Following the completion of the transaction, the senior vice president now directly owns 23,825 shares in the company, 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 have sold 127,707 shares of company stock worth $8,136,565. Company insiders own 3.70% of the company’s stock.

First American Financial Price Performance

Shares of FAF opened at $65.00 on Tuesday. 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 simple moving average of $62.64 and a two-hundred day simple moving average of $64.26. The firm has a market cap of $6.68 billion, a P/E ratio of 52.00 and a beta of 1.33.

First American Financial (NYSE:FAF) last announced its quarterly earnings data on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share (EPS) for the quarter, beating 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, equities analysts anticipate 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 will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.32%. 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.