First American Financial (NYSE:FAF) SVP Sells $399,632.49 in Stock

First American Financial Corporation (NYSE:FAF) SVP Lisa Cornehl sold 5,823 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $68.63, for a total transaction of $399,632.49. Following the completion of the sale, the senior vice president directly owned 29,635 shares of the company’s stock, valued at $2,033,850.05. This trade represents a 16.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

First American Financial Stock Up 1.7%

Shares of NYSE:FAF opened at $71.01 on Friday. The stock has a market cap of $7.24 billion, a PE ratio of 10.91, a PEG ratio of 0.69 and a beta of 1.28. The company’s fifty day moving average is $64.72 and its 200 day moving average is $63.93. First American Financial Corporation has a 52 week low of $53.09 and a 52 week high of $71.47.

First American Financial (NYSE:FAF) last posted its quarterly earnings results on Wednesday, April 22nd. The insurance provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.27. First American Financial had a net margin of 8.73% and a return on equity of 12.58%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the business posted $0.84 earnings per share. The company’s revenue was up 16.2% on a year-over-year basis. Sell-side analysts anticipate that First American Financial Corporation will post 6.72 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FAF. Truist Financial raised their price target on First American Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Weiss Ratings raised First American Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of First American Financial in a report on Friday, February 13th. Stephens upped their price target on shares of First American Financial from $81.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Finally, Barclays increased their price target on shares of First American Financial from $72.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. Based on data from MarketBeat, First American Financial has an average rating of “Buy” and an average price target of $82.50.

Institutional Investors Weigh In On First American Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Duncker Streett & Co. Inc. grew its position in shares of First American Financial by 616.4% in the 1st quarter. Duncker Streett & Co. Inc. now owns 437 shares of the insurance provider’s stock worth $26,000 after buying an additional 376 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in First American Financial in the fourth quarter worth $27,000. Global Retirement Partners LLC lifted its stake in First American Financial by 1,107.5% in the fourth quarter. Global Retirement Partners LLC now owns 483 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 443 shares during the period. First Horizon Corp bought a new stake in First American Financial in the third quarter valued at $37,000. Finally, Danske Bank A S bought a new stake in First American Financial in the third quarter valued at $45,000. Hedge funds and other institutional investors own 89.05% of the company’s stock.

First American Financial Company Profile

First American Financial Corporation is a leading provider of title insurance, settlement services and diversified real estate-related data and analytics. Headquartered in Santa Ana, California, the company serves customers throughout the United States as well as in Canada, Europe, Latin America and Asia. Its business is built on the underwriting capabilities of its title insurance operations combined with comprehensive closing and escrow services for homebuyers, sellers, mortgage lenders and real estate professionals.

The company’s title insurance segment issues policies that protect property owners and mortgage lenders against defects in titles, liens or encumbrances that can arise during real property transactions.