Securian Asset Management Inc. Has $486,000 Holdings in First American Financial Co. (NYSE:FAF)

Securian Asset Management Inc. trimmed its holdings in First American Financial Co. (NYSE:FAF) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,786 shares of the insurance provider’s stock after selling 214 shares during the period. Securian Asset Management Inc.’s holdings in First American Financial were worth $486,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in FAF. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in First American Financial by 3.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,454 shares of the insurance provider’s stock valued at $1,215,000 after acquiring an additional 711 shares in the last quarter. AlphaQuest LLC increased its position in shares of First American Financial by 49,371.4% in the fourth quarter. AlphaQuest LLC now owns 3,463 shares of the insurance provider’s stock worth $216,000 after purchasing an additional 3,456 shares during the period. Amundi acquired a new position in First American Financial in the fourth quarter valued at about $1,864,000. Ashton Thomas Private Wealth LLC bought a new stake in First American Financial during the fourth quarter worth about $226,000. Finally, Vestmark Advisory Solutions Inc. grew its stake in First American Financial by 20.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 8,845 shares of the insurance provider’s stock worth $552,000 after buying an additional 1,490 shares in the last quarter. 89.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on FAF. Stephens boosted their target price 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. Keefe, Bruyette & Woods boosted their price objective on shares of 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.

Insiders Place Their Bets

In other First American Financial news, SVP Lisa W. Cornehl sold 3,057 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 23,825 shares of the company’s stock, valued at $1,560,299.25. The trade was a 11.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dennis J. Gilmore sold 111,971 shares of the company’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 transaction of $7,121,355.60. Following the completion of the transaction, the director now owns 494,574 shares of the company’s stock, valued at approximately $31,454,906.40. This trade represents a 18.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 127,707 shares of company stock valued at $8,136,565 in the last 90 days. Corporate insiders own 3.70% of the company’s stock.

First American Financial Trading Up 1.8 %

FAF stock opened at $64.98 on Tuesday. The firm has a 50-day moving average price of $62.90 and a 200-day moving average price of $64.34. First American Financial Co. has a 12 month low of $51.60 and a 12 month high of $70.92. The stock has a market capitalization of $6.68 billion, a P/E ratio of 51.99 and a beta of 1.34.

First American Financial (NYSE:FAF) last issued its quarterly earnings data on Wednesday, February 12th. The insurance provider reported $1.35 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%. As a group, equities analysts predict that First American Financial Co. will post 5.35 EPS for the current fiscal year.

First American Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $0.54 per share. The ex-dividend date was Monday, March 10th. This represents a $2.16 dividend on an annualized basis and a yield of 3.32%. First American Financial’s dividend payout ratio is currently 172.80%.

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.