Leeward Investments LLC MA Sells 15,998 Shares of First American Financial Co. (NYSE:FAF)

Leeward Investments LLC MA decreased its position in shares of First American Financial Co. (NYSE:FAF) by 6.9% in the 4th quarter, Holdings Channel reports. The firm owned 214,919 shares of the insurance provider’s stock after selling 15,998 shares during the quarter. Leeward Investments LLC MA’s holdings in First American Financial were worth $13,420,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new stake in shares of First American Financial during the 3rd quarter worth approximately $95,638,000. ArrowMark Colorado Holdings LLC acquired a new stake in First American Financial in the 3rd quarter valued at $43,431,000. Holocene Advisors LP acquired a new stake in First American Financial in the 3rd quarter valued at $36,803,000. Jacobs Levy Equity Management Inc. boosted its holdings in First American Financial by 83.1% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 893,216 shares of the insurance provider’s stock worth $58,961,000 after acquiring an additional 405,487 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in First American Financial by 19.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,495,766 shares of the insurance provider’s stock worth $164,746,000 after acquiring an additional 405,146 shares during the last quarter. Institutional investors own 89.05% of the company’s stock.

Insider Activity at First American Financial

In related news, Director Dennis J. Gilmore sold 111,971 shares of the business’s 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 sale, the director now directly owns 494,574 shares in the company, valued at approximately $31,454,906.40. The trade was a 18.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

First American Financial Price Performance

NYSE FAF opened at $63.44 on Friday. First American Financial Co. has a one year low of $51.60 and a one year high of $70.92. The business’s fifty day moving average is $62.52 and its 200-day moving average is $64.07. The stock has a market capitalization of $6.53 billion, a price-to-earnings ratio of 50.75 and a beta of 1.33.

First American Financial (NYSE:FAF) last announced its quarterly earnings data on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share (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%. Research analysts expect that First American Financial Co. will post 5.35 EPS for the current fiscal year.

First American Financial Dividend Announcement

The company also recently disclosed 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. This represents a $2.16 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Monday, March 10th. First American Financial’s dividend payout ratio is currently 172.80%.

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.