First American Financial Co. (NYSE:FAF) Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC trimmed its stake in shares of First American Financial Co. (NYSE:FAF) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,759 shares of the insurance provider’s stock after selling 1,452 shares during the quarter. EP Wealth Advisors LLC’s holdings in First American Financial were worth $2,483,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in First American Financial by 66.9% in the fourth quarter. UMB Bank n.a. now owns 524 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 210 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of First American Financial by 57.6% in the 4th quarter. Jones Financial Companies Lllp now owns 670 shares of the insurance provider’s stock valued at $42,000 after acquiring an additional 245 shares during the last quarter. GAMMA Investing LLC raised its position in shares of First American Financial by 34.9% during the 4th quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider’s stock valued at $67,000 after acquiring an additional 277 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in 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 worth $84,000 after purchasing an additional 173 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in First American Financial by 18.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,510 shares of the insurance provider’s stock worth $94,000 after purchasing an additional 230 shares during the period. 89.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Mark Edward Seaton sold 12,679 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $64.28, for a total transaction of $815,006.12. Following the completion of the sale, the chief financial officer now directly 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dennis J. Gilmore sold 111,971 shares of First American Financial stock in a transaction dated Friday, February 14th. The stock was 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 directly owns 494,574 shares in the company, valued at $31,454,906.40. This represents a 18.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 127,707 shares of company stock valued at $8,136,565 over the last quarter. Corporate insiders own 3.70% of the company’s stock.

First American Financial Trading Down 1.0 %

FAF opened at $60.51 on Friday. The business’s 50 day moving average is $62.29 and its 200-day moving average is $63.45. The stock has a market cap of $6.23 billion, a PE ratio of 48.40 and a beta of 1.29. First American Financial Co. has a twelve month low of $51.85 and a twelve month high of $70.92.

First American Financial (NYSE:FAF) last posted its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.19. First American Financial had a net margin of 2.14% and a return on equity of 9.35%. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, analysts forecast that First American Financial Co. will post 5.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on FAF shares. Barclays raised their price target on shares of First American Financial from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, April 25th. Keefe, Bruyette & Woods upped their target price on First American Financial from $75.00 to $77.00 and gave the company an “outperform” rating in a report on Monday, April 28th. StockNews.com downgraded First American Financial from a “buy” rating to a “hold” rating in a report on Friday, May 2nd. Finally, Stephens upped their price objective on First American Financial from $73.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, First American Financial presently has an average rating of “Moderate Buy” and a consensus target price of $75.00.

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.