Vestmark Advisory Solutions Inc. Has $552,000 Holdings in First American Financial Co. (NYSE:FAF)

Vestmark Advisory Solutions Inc. grew its position in First American Financial Co. (NYSE:FAF) by 20.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,845 shares of the insurance provider’s stock after purchasing an additional 1,490 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in First American Financial were worth $552,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bar Harbor Wealth Management increased its position in First American Financial by 43.6% in the 4th quarter. Bar Harbor Wealth Management now owns 96,627 shares of the insurance provider’s stock worth $6,033,000 after purchasing an additional 29,324 shares during the last quarter. Barclays PLC increased its position in First American Financial by 15.2% in the 3rd quarter. Barclays PLC now owns 60,821 shares of the insurance provider’s stock worth $4,016,000 after purchasing an additional 8,047 shares during the last quarter. JPMorgan Chase & Co. increased its position in First American Financial by 5.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 214,820 shares of the insurance provider’s stock worth $14,180,000 after purchasing an additional 10,489 shares during the last quarter. Oak Thistle LLC acquired a new position in First American Financial in the 4th quarter worth about $1,476,000. Finally, Geode Capital Management LLC increased its position in First American Financial by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,700,903 shares of the insurance provider’s stock worth $112,306,000 after purchasing an additional 12,668 shares during the last quarter. 89.05% of the stock is owned by institutional investors and hedge funds.

First American Financial Stock Performance

Shares of NYSE FAF opened at $63.87 on Friday. The firm has a market cap of $6.57 billion, a price-to-earnings ratio of 51.10 and a beta of 1.34. The business’s 50-day simple moving average is $62.75 and its 200-day simple moving average is $64.30. First American Financial Co. has a 52 week low of $51.60 and a 52 week high of $70.92.

First American Financial (NYSE:FAF) last issued its quarterly earnings data on Wednesday, February 12th. The insurance provider reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.22. First American Financial had a return on equity of 9.35% and a net margin of 2.14%. As a group, equities research analysts forecast that First American Financial Co. will post 5.35 earnings per share 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. Shareholders of record on Monday, March 10th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Monday, March 10th. First American Financial’s dividend payout ratio (DPR) is currently 172.80%.

Insider Buying and Selling at First American Financial

In other First American Financial news, SVP Lisa W. Cornehl sold 3,057 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $65.49, for a total value of $200,202.93. Following the sale, the senior vice president now owns 23,825 shares of the company’s stock, valued at $1,560,299.25. This trade represents a 11.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Mark Edward Seaton sold 12,679 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $64.28, for a total value of $815,006.12. Following the completion of the sale, the chief financial officer now directly owns 195,812 shares in the company, valued at $12,586,795.36. This trade represents a 6.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 127,707 shares of company stock valued at $8,136,565 in the last 90 days. 3.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FAF shares. Stephens upped their target price on First American Financial from $73.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Keefe, Bruyette & Woods increased their price objective on First American Financial from $74.00 to $75.00 and gave the company a “market perform” rating in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, First American Financial currently has an average rating of “Moderate Buy” and a consensus price target of $74.50.

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.