Tulsa Wealth Advisors INC Buys Shares of 7,388 First American Financial Corporation $FAF

Tulsa Wealth Advisors INC bought a new position in First American Financial Corporation (NYSE:FAF) during the 4th quarter, Holdings Channel.com reports. The fund bought 7,388 shares of the insurance provider’s stock, valued at approximately $454,000.

A number of other large investors have also made changes to their positions in the company. Boston Partners increased its position in shares of First American Financial by 8.9% during the 3rd quarter. Boston Partners now owns 6,133,594 shares of the insurance provider’s stock valued at $393,690,000 after purchasing an additional 500,649 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of First American Financial by 4,485,375.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,786,263 shares of the insurance provider’s stock worth $355,508,000 after buying an additional 5,786,134 shares during the last quarter. Dimensional Fund Advisors LP grew its position in First American Financial by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,391,185 shares of the insurance provider’s stock valued at $269,799,000 after buying an additional 97,612 shares during the period. Capital Research Global Investors grew its position in First American Financial by 3.3% during the fourth quarter. Capital Research Global Investors now owns 3,415,825 shares of the insurance provider’s stock valued at $209,868,000 after buying an additional 109,242 shares during the period. Finally, Geode Capital Management LLC increased its holdings in First American Financial by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 1,793,179 shares of the insurance provider’s stock valued at $110,200,000 after buying an additional 19,752 shares during the last quarter. 89.05% of the stock is currently owned by institutional investors.

First American Financial Trading Up 0.1%

NYSE FAF opened at $68.73 on Friday. First American Financial Corporation has a 12 month low of $53.09 and a 12 month high of $71.47. The stock’s 50 day moving average is $67.12 and its 200 day moving average is $64.78. The stock has a market cap of $7.00 billion, a PE ratio of 10.56, a P/E/G ratio of 0.66 and a beta of 1.24.

First American Financial (NYSE:FAF) last posted its earnings results on Wednesday, April 22nd. The insurance provider reported $1.33 earnings per share 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 company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the company posted $0.84 earnings per share. First American Financial’s quarterly revenue was up 16.2% on a year-over-year basis. On average, analysts forecast that First American Financial Corporation will post 6.81 EPS for the current fiscal year.

First American Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Monday, June 8th. First American Financial’s dividend payout ratio is currently 33.79%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings upgraded shares of First American Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 22nd. Zacks Research upgraded First American Financial from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Stephens restated an “overweight” rating and issued a $84.00 price objective on shares of First American Financial in a research note on Friday, June 12th. Barclays raised their target price on First American Financial from $72.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Finally, Wall Street Zen downgraded First American Financial from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to MarketBeat, First American Financial has a consensus rating of “Buy” and a consensus price target of $82.50.

Insider Buying and Selling at First American Financial

In other First American Financial news, Director Margaret M. Mccarthy sold 6,630 shares of First American Financial stock in a transaction on Friday, April 24th. The shares were sold at an average price of $70.59, for a total value of $468,011.70. Following the completion of the transaction, the director directly owned 24,024 shares of the company’s stock, valued at $1,695,854.16. This trade represents a 21.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Lisa W. Cornehl sold 5,823 shares of First American Financial stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $68.63, for a total value of $399,632.49. Following the completion of the transaction, the senior vice president owned 29,635 shares of the company’s stock, valued at approximately $2,033,850.05. This represents a 16.42% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.50% of the stock is owned by company insiders.

About First American Financial

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.