First American Financial Co. (NYSE:FAF) Director Dennis J. Gilmore Sells 111,971 Shares

First American Financial Co. (NYSE:FAF) Director Dennis J. Gilmore sold 111,971 shares of First American Financial stock in a transaction on 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 transaction, the director now directly owns 494,574 shares of the company’s stock, valued at $31,454,906.40. This trade represents a 18.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

First American Financial Price Performance

Shares of NYSE FAF opened at $63.44 on Friday. The company has a 50-day simple moving average of $62.52 and a 200-day simple moving average of $64.04. The company has a market cap of $6.53 billion, a PE ratio of 50.75 and a beta of 1.33. First American Financial Co. has a 12 month low of $51.60 and a 12 month high of $70.92.

First American Financial (NYSE:FAF) last released its earnings results 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%. On average, analysts anticipate that First American Financial Co. will post 5.35 EPS for the current year.

First American Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a $0.54 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.16 annualized dividend and a yield of 3.40%. First American Financial’s payout ratio is currently 172.80%.

Analysts Set New Price Targets

FAF has been the subject of several recent research reports. Keefe, Bruyette & Woods raised their target price on shares of First American Financial from $74.00 to $75.00 and gave the company a “market perform” rating in a report on Tuesday. Barclays raised their price objective on shares of First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Stephens upped their target price on First American Financial from $73.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, Truist Financial raised their price target on First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, First American Financial currently has an average rating of “Moderate Buy” and an average price target of $74.50.

Institutional Trading of First American Financial

A number of hedge funds have recently added to or reduced their stakes in FAF. Forum Financial Management LP purchased a new position in shares of First American Financial during the 4th quarter worth about $235,000. Public Employees Retirement System of Ohio increased its position in First American Financial by 1.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 36,697 shares of the insurance provider’s stock worth $2,291,000 after purchasing an additional 389 shares during the last quarter. Burgundy Asset Management Ltd. raised its stake in First American Financial by 2.4% during the fourth quarter. Burgundy Asset Management Ltd. now owns 161,257 shares of the insurance provider’s stock worth $10,069,000 after purchasing an additional 3,850 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of First American Financial by 16.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 386,546 shares of the insurance provider’s stock valued at $24,136,000 after purchasing an additional 53,633 shares during the last quarter. Finally, iSAM Funds UK Ltd purchased a new stake in shares of First American Financial during the 4th quarter valued at $977,000. 89.05% of the stock is owned by institutional investors and hedge funds.

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.