Fieldview Capital Management LLC Buys New Position in First American Financial Corporation $FAF

Fieldview Capital Management LLC bought a new stake in shares of First American Financial Corporation (NYSE:FAF) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 20,039 shares of the insurance provider’s stock, valued at approximately $1,231,000.

Several other large investors also recently added to or reduced their stakes in FAF. Jones Financial Companies Lllp grew its position in First American Financial by 121.3% during the first quarter. Jones Financial Companies Lllp now owns 1,483 shares of the insurance provider’s stock valued at $97,000 after buying an additional 813 shares during the period. Goldman Sachs Group Inc. grew its position in First American Financial by 10.8% during the first quarter. Goldman Sachs Group Inc. now owns 293,058 shares of the insurance provider’s stock valued at $19,233,000 after buying an additional 28,666 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in First American Financial by 7.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 414,146 shares of the insurance provider’s stock valued at $27,180,000 after buying an additional 27,600 shares during the period. Jane Street Group LLC grew its position in First American Financial by 182.5% during the first quarter. Jane Street Group LLC now owns 67,572 shares of the insurance provider’s stock valued at $4,435,000 after buying an additional 43,651 shares during the period. Finally, Focus Partners Wealth grew its position in First American Financial by 11.3% during the first quarter. Focus Partners Wealth now owns 4,282 shares of the insurance provider’s stock valued at $281,000 after buying an additional 435 shares during the period. 89.05% of the stock is currently owned by institutional investors.

Insider Buying and Selling at First American Financial

In other news, Director Margaret M. Mccarthy sold 6,630 shares of the business’s 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 transaction, the director owned 24,024 shares of the company’s stock, valued at approximately $1,695,854.16. The trade was a 21.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Lisa W. Cornehl sold 5,823 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $68.63, for a total transaction of $399,632.49. Following the completion of the transaction, the senior vice president directly owned 29,635 shares in the company, valued at $2,033,850.05. This trade represents a 16.42% decrease in their position. The SEC filing for this sale provides additional information. 3.50% of the stock is currently owned by insiders.

First American Financial Price Performance

FAF opened at $65.69 on Monday. The firm has a market cap of $6.69 billion, a P/E ratio of 10.09, a PEG ratio of 0.63 and a beta of 1.24. First American Financial Corporation has a 1-year low of $53.09 and a 1-year high of $71.47. The company has a 50 day simple moving average of $66.35 and a two-hundred day simple moving average of $64.70.

First American Financial (NYSE:FAF) last posted its quarterly earnings results on Wednesday, April 22nd. The insurance provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.27. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.80 billion. First American Financial had a net margin of 8.73% and a return on equity of 12.58%. The company’s revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 earnings per share. Equities analysts anticipate that First American Financial Corporation will post 6.81 earnings per share for the current year.

First American Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 8th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, June 8th. First American Financial’s payout ratio is 33.79%.

Analysts Set New Price Targets

Several analysts recently issued reports 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. Barclays upped their price target on shares of First American Financial from $72.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Truist Financial upped their price target on shares of First American Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Zacks Research upgraded shares of First American Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Finally, Wall Street Zen lowered shares of 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 given a Buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $82.50.

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.