Deprince Race & Zollo Inc. Sells 233,679 Shares of First American Financial Co. (NYSE:FAF)

Deprince Race & Zollo Inc. trimmed its holdings in shares of First American Financial Co. (NYSE:FAF - Free Report) by 22.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 819,705 shares of the insurance provider's stock after selling 233,679 shares during the period. First American Financial accounts for 1.0% of Deprince Race & Zollo Inc.'s portfolio, making the stock its 21st biggest position. Deprince Race & Zollo Inc. owned approximately 0.80% of First American Financial worth $51,182,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. UMB Bank n.a. lifted its holdings in First American Financial by 66.9% in the fourth 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 last quarter. Jones Financial Companies Lllp lifted its holdings in shares of First American Financial by 57.6% in the 4th quarter. Jones Financial Companies Lllp now owns 670 shares of the insurance provider's stock worth $42,000 after purchasing an additional 245 shares during the last quarter. GAMMA Investing LLC boosted its position in First American Financial by 34.9% during the 4th quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider's stock valued at $67,000 after purchasing an additional 277 shares during the period. Parkside Financial Bank & Trust grew its stake in First American Financial by 14.8% during 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 during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in First American Financial by 18.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,510 shares of the insurance provider's stock worth $94,000 after buying an additional 230 shares during the period. 89.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FAF has been the subject of several recent research reports. StockNews.com lowered shares of First American Financial from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Barclays raised their price target on shares of First American Financial from $69.00 to $72.00 and gave the company an "equal weight" rating in a research note on Friday, April 25th. Stephens boosted their price objective 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. Finally, Keefe, Bruyette & Woods lifted their target price on First American Financial from $75.00 to $77.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $75.00.

Insider Buying and Selling at First American Financial

In related news, CFO Mark Edward Seaton sold 12,679 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $64.28, for a total value of $815,006.12. Following the completion of the sale, the chief financial officer now directly owns 195,812 shares in the company, valued at approximately $12,586,795.36. The trade was a 6.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Lisa W. Cornehl sold 3,057 shares of First American Financial stock in a transaction that occurred on Tuesday, February 25th. The shares were 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 in the company, valued at approximately $1,560,299.25. This represents a 11.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 127,707 shares of company stock worth $8,136,565 over the last ninety days. 3.70% of the stock is currently owned by insiders.

First American Financial Stock Performance

Shares of NYSE FAF traded down $0.78 during mid-day trading on Friday, reaching $59.74. The company had a trading volume of 631,558 shares, compared to its average volume of 658,647. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of 47.79 and a beta of 1.29. The stock has a fifty day moving average of $62.21 and a two-hundred day moving average of $63.41. First American Financial Co. has a 12-month low of $51.85 and a 12-month high of $70.92.

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

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.