Capital Group Private Client Services Inc. Buys New Stake in First American Financial Co. (NYSE:FAF)

Capital Group Private Client Services Inc. purchased a new position in First American Financial Co. (NYSE:FAF - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 58,535 shares of the insurance provider's stock, valued at approximately $3,655,000. Capital Group Private Client Services Inc. owned about 0.06% of First American Financial at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of FAF. UMB Bank n.a. raised its stake in 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 acquiring an additional 210 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of First American Financial by 57.6% during the 4th 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 in the last quarter. GAMMA Investing LLC boosted its holdings in First American Financial by 34.9% in the 4th quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider's stock worth $67,000 after buying an additional 277 shares during the period. Parkside Financial Bank & Trust increased its stake 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 buying an additional 173 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in First American Financial by 18.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,510 shares of the insurance provider's stock valued at $94,000 after acquiring an additional 230 shares during the period. Institutional investors own 89.05% of the company's stock.

First American Financial Stock Performance

First American Financial stock traded up $2.92 during mid-day trading on Thursday, reaching $62.62. 660,124 shares of the company were exchanged, compared to its average volume of 660,066. The firm has a market cap of $6.45 billion, a P/E ratio of 50.11 and a beta of 1.23. The business has a fifty day moving average of $62.98 and a 200 day moving average of $63.75. First American Financial Co. has a 12-month low of $51.60 and a 12-month high of $70.92.

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 analysts' consensus estimates 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 firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.53 billion. Sell-side analysts predict that First American Financial Co. will post 5.35 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Lisa W. Cornehl sold 3,057 shares of the company's stock in a transaction dated 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 owns 23,825 shares of the company's stock, valued at approximately $1,560,299.25. This represents a 11.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dennis J. Gilmore sold 111,971 shares of the company's stock in a transaction that occurred on 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 transaction, the director now directly owns 494,574 shares of the company's stock, 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. In the last 90 days, insiders sold 127,707 shares of company stock valued at $8,136,565. 3.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on FAF shares. Stephens increased 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 upgraded shares of First American Financial from a "market perform" rating to an "outperform" rating and set a $75.00 target price for the company in a research report on Tuesday, April 8th.

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.