Cambiar Investors LLC Has $2.11 Million Stock Position in First American Financial Corporation $FAF

Key Points

• Cambiar Investors LLC reduced its holdings in First American Financial by 16.5%, owning 32,119 shares worth approximately $2.11 million after selling 6,331 shares.
• Barclays cut its price target on First American Financial from $72.00 to $70.00, while Keefe, Bruyette & Woods raised it from $77.00 to $79.00, highlighting mixed analyst sentiments on the stock.
• First American Financial reported $1.53 EPS for the last quarter, exceeding estimates, and announced a $300 million stock repurchase program to buy back up to 5.1% of shares, signifying potential undervaluation of the stock.

Cambiar Investors LLC reduced its position in shares of First American Financial Corporation (NYSE:FAF - Free Report) by 16.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,119 shares of the insurance provider's stock after selling 6,331 shares during the period. Cambiar Investors LLC's holdings in First American Financial were worth $2,108,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Adams Wealth Management increased its stake in shares of First American Financial by 1.9% in the 1st quarter. Adams Wealth Management now owns 10,983 shares of the insurance provider's stock valued at $721,000 after purchasing an additional 207 shares during the last quarter. American Century Companies Inc. grew its position in First American Financial by 0.5% in the first quarter. American Century Companies Inc. now owns 43,006 shares of the insurance provider's stock valued at $2,823,000 after acquiring an additional 229 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in First American Financial by 4.7% during the first quarter. Dimensional Fund Advisors LP now owns 4,150,660 shares of the insurance provider's stock worth $272,406,000 after acquiring an additional 187,144 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in First American Financial during the first quarter worth about $1,810,000. Finally, Vestmark Advisory Solutions Inc. raised its stake in First American Financial by 21.6% during the first quarter. Vestmark Advisory Solutions Inc. now owns 10,755 shares of the insurance provider's stock worth $706,000 after acquiring an additional 1,910 shares in the last quarter. 89.05% of the stock is currently owned by institutional investors.

First American Financial Stock Performance

Shares of NYSE:FAF traded up $2.2470 during mid-day trading on Friday, reaching $66.9070. 233,205 shares of the company's stock were exchanged, compared to its average volume of 892,228. The firm has a market capitalization of $6.81 billion, a price-to-earnings ratio of 36.97 and a beta of 1.24. The business's fifty day moving average price is $60.63 and its 200-day moving average price is $61.10. First American Financial Corporation has a twelve month low of $53.09 and a twelve month high of $70.92.

First American Financial (NYSE:FAF - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The insurance provider reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.40 by $0.13. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.78 billion. First American Financial had a net margin of 2.90% and a return on equity of 10.41%. First American Financial's revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.27 earnings per share. Analysts predict that First American Financial Corporation will post 5.35 EPS for the current fiscal year.

First American Financial declared that its board has initiated a stock repurchase plan on Wednesday, July 23rd that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the insurance provider to buy up to 5.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Keefe, Bruyette & Woods boosted their target price on First American Financial from $77.00 to $79.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Barclays decreased their target price on shares of First American Financial from $72.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 8th. Finally, Wall Street Zen raised shares of First American Financial from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, First American Financial presently has an average rating of "Moderate Buy" and a consensus target price of $75.00.

Insider Activity at First American Financial

In other news, Director Margaret M. Mccarthy sold 3,500 shares of First American Financial stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $65.63, for a total transaction of $229,705.00. Following the transaction, the director owned 28,095 shares in the company, valued at approximately $1,843,874.85. The trade was a 11.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.70% of the company's stock.

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.