Boston Partners Sells 1,147,964 Shares of First American Financial Co. (NYSE:FAF)

Boston Partners trimmed its holdings in First American Financial Co. (NYSE:FAF) by 23.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,815,384 shares of the insurance provider’s stock after selling 1,147,964 shares during the period. Boston Partners’ holdings in First American Financial were worth $238,159,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. UMB Bank n.a. lifted its position in shares of First American Financial by 66.9% during the fourth quarter. UMB Bank n.a. now owns 524 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 210 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of First American Financial by 57.6% during the fourth quarter. Jones Financial Companies Lllp now owns 670 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 245 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of First American Financial by 34.9% during the fourth quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider’s stock valued at $67,000 after purchasing an additional 277 shares in the last quarter. Sunbelt Securities Inc. bought a new position in shares of First American Financial during the third quarter valued at about $75,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of First American Financial by 14.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,340 shares of the insurance provider’s stock valued at $84,000 after purchasing an additional 173 shares in the last quarter. 89.05% of the stock is owned by institutional investors.

Insider Transactions at First American Financial

In related news, SVP Lisa W. Cornehl sold 3,057 shares of the company’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 completion of the sale, the senior vice president now directly owns 23,825 shares in the company, valued at $1,560,299.25. This represents a 11.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Mark Edward Seaton sold 12,679 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $64.28, for a total transaction of $815,006.12. Following the sale, the chief financial officer now owns 195,812 shares of the company’s stock, valued at $12,586,795.36. This represents a 6.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 127,707 shares of company stock worth $8,136,565 over the last quarter. Corporate insiders own 3.70% of the company’s stock.

First American Financial Stock Performance

Shares of FAF stock opened at $64.90 on Wednesday. The firm has a market cap of $6.67 billion, a price-to-earnings ratio of 51.92 and a beta of 1.34. First American Financial Co. has a 52 week low of $51.60 and a 52 week high of $70.92. The firm’s 50-day simple moving average is $62.99 and its two-hundred day simple moving average is $64.34.

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

First American Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $0.54 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.16 annualized dividend and a dividend yield of 3.33%. First American Financial’s payout ratio is 172.80%.

Analysts Set New Price Targets

A number of research firms recently weighed in on FAF. Keefe, Bruyette & Woods raised their price target 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. Stephens lifted their price objective on shares of First American Financial from $73.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th.

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.