First American Financial Co. (NYSE:FAF) SVP Sells $200,202.93 in Stock

First American Financial Co. (NYSE:FAF) SVP Lisa W. Cornehl sold 3,057 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $65.49, for a total value of $200,202.93. Following the completion of the sale, the senior vice president now directly owns 23,825 shares in the company, valued at $1,560,299.25. This represents a 11.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

First American Financial Stock Performance

Shares of NYSE FAF opened at $65.65 on Friday. The stock’s 50-day simple moving average is $62.64 and its 200-day simple moving average is $64.21. The firm has a market capitalization of $6.75 billion, a PE ratio of 52.52 and a beta of 1.33. First American Financial Co. has a fifty-two week low of $51.60 and a fifty-two week high of $70.92.

First American Financial (NYSE:FAF) last released its quarterly earnings data on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates 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, sell-side analysts forecast that First American Financial Co. will post 5.35 earnings per share for the current fiscal year.

First American Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Monday, March 10th. First American Financial’s payout ratio is currently 172.80%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FAF. Wellington Management Group LLP acquired a new stake in shares of First American Financial in the third quarter valued at approximately $95,638,000. Norges Bank purchased a new stake in First American Financial in the 4th quarter valued at $75,780,000. FMR LLC boosted its stake in First American Financial by 20.8% during the 4th quarter. FMR LLC now owns 6,046,743 shares of the insurance provider’s stock worth $377,559,000 after purchasing an additional 1,042,145 shares during the period. Corient Private Wealth LLC grew its position in First American Financial by 13,222.0% during the 4th quarter. Corient Private Wealth LLC now owns 849,279 shares of the insurance provider’s stock worth $53,029,000 after purchasing an additional 842,904 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in First American Financial by 500.7% in the fourth quarter. Lazard Asset Management LLC now owns 1,003,327 shares of the insurance provider’s stock valued at $62,646,000 after purchasing an additional 836,314 shares during the period. Hedge funds and other institutional investors own 89.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on FAF shares. Stephens raised their target price on shares of First American Financial from $73.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Keefe, Bruyette & Woods raised their price objective 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, February 18th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $74.50.

About First American Financial

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.