Boothbay Fund Management LLC Makes New $468,000 Investment in First American Financial Co. (NYSE:FAF)

Boothbay Fund Management LLC acquired a new stake in shares of First American Financial Co. (NYSE:FAF - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,502 shares of the insurance provider's stock, valued at approximately $468,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in FAF. UMB Bank n.a. raised its stake in shares of First American Financial by 66.9% during the 4th quarter. UMB Bank n.a. now owns 524 shares of the insurance provider's stock worth $33,000 after purchasing an additional 210 shares during the period. Jones Financial Companies Lllp raised its stake in shares of First American Financial by 57.6% in the fourth quarter. Jones Financial Companies Lllp now owns 670 shares of the insurance provider's stock valued at $42,000 after buying an additional 245 shares during the period. GAMMA Investing LLC grew its stake in shares of First American Financial by 34.9% during the 4th quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider's stock worth $67,000 after acquiring an additional 277 shares during the period. Parkside Financial Bank & Trust increased its holdings in First American Financial by 14.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,340 shares of the insurance provider's stock worth $84,000 after acquiring an additional 173 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in First American Financial by 18.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,510 shares of the insurance provider's stock worth $94,000 after purchasing an additional 230 shares in the last quarter. Institutional investors and hedge funds own 89.05% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Stephens increased their price target 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. StockNews.com cut shares of First American Financial from a "buy" rating to a "hold" rating in a research report on Friday. Keefe, Bruyette & Woods raised their price target 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, Barclays increased their price objective on First American Financial from $69.00 to $72.00 and gave the stock an "equal weight" rating in a report on Friday, April 25th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.00.

First American Financial Trading Down 0.3 %

FAF traded down $0.16 during trading on Tuesday, hitting $61.37. 55,217 shares of the company traded hands, compared to its average volume of 655,384. First American Financial Co. has a 1 year low of $51.85 and a 1 year high of $70.92. The company has a market cap of $6.31 billion, a PE ratio of 49.12 and a beta of 1.29. The stock's 50-day simple moving average is $62.53 and its two-hundred day simple moving average is $63.50.

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

Insider Activity at First American Financial

In other news, SVP Lisa W. Cornehl sold 3,057 shares of the company'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 transaction 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 $1,560,299.25. This represents a 11.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Dennis J. Gilmore sold 111,971 shares of First American Financial 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 completion of the sale, the director now owns 494,574 shares in the company, valued at approximately $31,454,906.40. The trade was a 18.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 127,707 shares of company stock valued at $8,136,565 over the last quarter. 3.70% of the stock is owned by corporate 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.