First American Financial Co. (NYSE:FAF) SVP Sells $200,202.93 in Stock

First American Financial Co. (NYSE:FAF) SVP Lisa W. Cornehl sold 3,057 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $65.49, for a total transaction of $200,202.93. Following the transaction, the senior vice president now owns 23,825 shares in the company, valued at approximately $1,560,299.25. This represents a 11.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

First American Financial Stock Performance

FAF opened at $64.49 on Friday. The stock has a 50-day moving average of $62.52 and a 200-day moving average of $64.17. First American Financial Co. has a 52-week low of $51.60 and a 52-week high of $70.92. The company has a market cap of $6.64 billion, a PE ratio of 51.60 and a beta of 1.33.

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

First American Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a $0.54 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.16 annualized dividend and a yield of 3.35%. First American Financial’s dividend payout ratio (DPR) is presently 172.80%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. increased its stake 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 worth $33,000 after purchasing an additional 210 shares during the period. Venturi Wealth Management LLC grew its holdings in First American Financial by 132.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider’s stock valued at $41,000 after buying an additional 356 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in First American Financial by 57.6% in the 4th 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 last quarter. Blue Trust Inc. increased its position in First American Financial by 214.2% in the 3rd quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider’s stock worth $67,000 after buying an additional 696 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of First American Financial by 34.9% in the fourth 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 period. Institutional investors and hedge funds own 89.05% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on FAF. Keefe, Bruyette & Woods lifted their price objective on First American Financial from $74.00 to $75.00 and gave the company a “market perform” rating in a research report on Tuesday, February 18th. Stephens raised their price objective on shares of First American Financial from $73.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, First American Financial has a consensus rating of “Moderate Buy” and a consensus 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.