Insider Selling: First American Financial Co. (NYSE:FAF) SVP Sells 3,057 Shares of Stock

First American Financial Co. (NYSE:FAF) SVP Lisa W. Cornehl sold 3,057 shares of the business’s stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

First American Financial Trading Up 1.9 %

Shares of FAF opened at $65.65 on Friday. The firm has a market cap of $6.76 billion, a PE ratio of 52.52 and a beta of 1.33. The firm has a fifty day simple moving average of $62.58 and a two-hundred day simple moving average of $64.17. First American Financial Co. has a 1-year low of $51.60 and a 1-year high of $70.92.

First American Financial (NYSE:FAF) last announced its earnings results on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share 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%. As a group, research analysts forecast that First American Financial Co. will post 5.35 EPS for the current fiscal year.

First American Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 yield of 3.29%. First American Financial’s dividend payout ratio is presently 172.80%.

Institutional Investors Weigh In On First American Financial

Hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP bought a new stake in shares of First American Financial during the 3rd quarter valued at $95,638,000. Norges Bank bought a new stake in shares of First American Financial during the 4th quarter valued at $75,780,000. FMR LLC grew its position in shares of First American Financial by 20.8% during the 4th quarter. FMR LLC now owns 6,046,743 shares of the insurance provider’s stock valued at $377,559,000 after acquiring an additional 1,042,145 shares during the period. Corient Private Wealth LLC grew its position in shares of First American Financial by 13,222.0% during the 4th quarter. Corient Private Wealth LLC now owns 849,279 shares of the insurance provider’s stock valued at $53,029,000 after acquiring an additional 842,904 shares during the period. Finally, Lazard Asset Management LLC grew its position in shares of First American Financial by 500.7% during the 4th quarter. Lazard Asset Management LLC now owns 1,003,327 shares of the insurance provider’s stock valued at $62,646,000 after acquiring an additional 836,314 shares during the period. 89.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on FAF shares. Stephens boosted their price objective on shares of First American Financial from $73.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Keefe, Bruyette & Woods boosted their price objective 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. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, First American Financial presently has an average rating of “Moderate Buy” and an average target price of $74.50.

About First American Financial

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.