First American Financial Co. (NYSE:FAF) Stock Position Raised by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC lifted its position in First American Financial Co. (NYSE:FAF - Free Report) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 691,868 shares of the insurance provider's stock after purchasing an additional 33,921 shares during the period. ArrowMark Colorado Holdings LLC owned 0.67% of First American Financial worth $43,200,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of First American Financial in the 4th quarter worth $75,780,000. FMR LLC grew its stake in shares of First American Financial by 20.8% during the fourth quarter. FMR LLC now owns 6,046,743 shares of the insurance provider's stock worth $377,559,000 after acquiring an additional 1,042,145 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of First American Financial by 13,222.0% in the 4th quarter. Corient Private Wealth LLC now owns 849,279 shares of the insurance provider's stock valued at $53,029,000 after purchasing an additional 842,904 shares during the last quarter. Prudential Financial Inc. grew its position in First American Financial by 6,233.2% during the 4th quarter. Prudential Financial Inc. now owns 706,211 shares of the insurance provider's stock worth $44,096,000 after purchasing an additional 695,060 shares during the last quarter. Finally, Capital International Investors acquired a new position in shares of First American Financial in the 4th quarter valued at $41,626,000. 89.05% of the stock is currently owned by institutional investors.

First American Financial Stock Down 0.8 %

First American Financial stock traded down $0.49 during mid-day trading on Thursday, reaching $60.62. 348,262 shares of the company's stock were exchanged, compared to its average volume of 694,756. First American Financial Co. has a twelve month low of $51.85 and a twelve month high of $70.92. The company has a market cap of $6.24 billion, a P/E ratio of 48.50 and a beta of 1.29. The company has a fifty day moving average of $62.38 and a 200-day moving average of $63.47.

First American Financial (NYSE:FAF - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.19. First American Financial had a net margin of 2.14% and a return on equity of 9.35%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the firm posted $0.45 EPS. First American Financial's revenue for the quarter was up 11.1% on a year-over-year basis. Equities research analysts expect that First American Financial Co. will post 5.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on FAF shares. Barclays raised their price objective on First American Financial from $69.00 to $72.00 and gave the company an "equal weight" rating in a report on Friday, April 25th. StockNews.com lowered First American Financial from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Keefe, Bruyette & Woods raised their target price on First American Financial from $75.00 to $77.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. Finally, Stephens lifted their price target on shares of First American Financial from $73.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.00.

Insider Buying and Selling

In other news, Director Dennis J. Gilmore sold 111,971 shares of First American Financial stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $63.60, for a total transaction of $7,121,355.60. Following the completion of the sale, the director now directly owns 494,574 shares in the company, valued at approximately $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 the SEC website. Also, SVP Lisa W. Cornehl sold 3,057 shares of the business's stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 23,825 shares of the company's stock, valued at approximately $1,560,299.25. This trade represents a 11.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 127,707 shares of company stock valued at $8,136,565 over the last three months. 3.70% of the stock is currently owned by company insiders.

First American Financial 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.