First American Financial Co. (NYSE:FAF) Director Sells $7,121,355.60 in Stock

First American Financial Co. (NYSE:FAF) Director Dennis J. Gilmore sold 111,971 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 494,574 shares in the company, valued at $31,454,906.40. The trade was a 18.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

First American Financial Stock Up 1.0 %

NYSE FAF opened at $64.76 on Thursday. First American Financial Co. has a 52 week low of $51.60 and a 52 week high of $70.92. The business’s fifty day simple moving average is $62.61 and its 200-day simple moving average is $64.02. The firm has a market cap of $6.67 billion, a PE ratio of 51.81 and a beta of 1.33.

First American Financial (NYSE:FAF) last issued its quarterly earnings data on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.22. First American Financial had a net margin of 2.14% and a return on equity of 9.35%. Research analysts expect that First American Financial Co. will post 5.45 EPS 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. 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 3.34%. First American Financial’s dividend payout ratio (DPR) is currently 172.80%.

Analysts Set New Price Targets

A number of brokerages have weighed in on FAF. Truist Financial raised their price objective on First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods raised their price objective on First American Financial from $74.00 to $75.00 and gave the company a “market perform” rating in a report on Tuesday. Stephens raised their price objective on First American Financial from $73.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Barclays lifted their price target on First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $74.50.

Institutional Trading of First American Financial

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in First American Financial by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 10,625,017 shares of the insurance provider’s stock valued at $663,426,000 after buying an additional 107,925 shares during the period. FMR LLC raised its holdings in First American Financial by 20.8% in the 4th quarter. FMR LLC now owns 6,046,743 shares of the insurance provider’s stock valued at $377,559,000 after buying an additional 1,042,145 shares during the period. Ariel Investments LLC raised its holdings in First American Financial by 9.9% in the 4th quarter. Ariel Investments LLC now owns 3,993,155 shares of the insurance provider’s stock valued at $249,333,000 after buying an additional 359,777 shares during the period. Dimensional Fund Advisors LP raised its holdings in First American Financial by 3.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,963,516 shares of the insurance provider’s stock valued at $247,481,000 after buying an additional 129,863 shares during the period. Finally, Victory Capital Management Inc. grew its position in First American Financial by 3.1% in the 4th quarter. Victory Capital Management Inc. now owns 2,573,788 shares of the insurance provider’s stock valued at $160,707,000 after acquiring an additional 78,022 shares in the last quarter. 89.05% of the stock is currently owned by hedge funds and other institutional investors.

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.