Campbell & CO Investment Adviser LLC Purchases New Shares in First American Financial Corporation $FAF

Key Points

• Campbell & CO Investment Adviser LLC acquired 25,132 shares of First American Financial Corporation, worth approximately $1.649 million, in the first quarter.
• Analysts have rated First American Financial as a "Moderate Buy" with a consensus target price of $75.00, following upgrades and adjustments in price objectives from various firms.
• First American Financial announced a $300 million stock repurchase plan, indicating management's belief that the stock is undervalued.

Campbell & CO Investment Adviser LLC bought a new stake in shares of First American Financial Corporation (NYSE:FAF - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 25,132 shares of the insurance provider's stock, valued at approximately $1,649,000.

A number of other institutional investors have also recently modified their holdings of FAF. Boston Partners lifted its position in shares of First American Financial by 23.0% during the 1st quarter. Boston Partners now owns 4,692,258 shares of the insurance provider's stock valued at $307,181,000 after acquiring an additional 876,874 shares during the period. Lazard Asset Management LLC lifted its position in shares of First American Financial by 500.7% during the 4th quarter. Lazard Asset Management LLC now owns 1,003,327 shares of the insurance provider's stock valued at $62,646,000 after acquiring an additional 836,314 shares during the period. Ariel Investments LLC lifted its position in shares of First American Financial by 9.9% during the 4th quarter. Ariel Investments LLC now owns 3,993,155 shares of the insurance provider's stock worth $249,333,000 after buying an additional 359,777 shares during the last quarter. Nuveen LLC bought a new stake in shares of First American Financial during the 1st quarter worth $20,636,000. Finally, Balyasny Asset Management L.P. bought a new stake in shares of First American Financial during the 4th quarter worth $19,377,000. 89.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wall Street Zen upgraded First American Financial from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Barclays dropped their price objective on First American Financial from $72.00 to $70.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods upped their price objective on First American Financial from $77.00 to $79.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.00.

First American Financial Stock Down 0.1%

Shares of FAF opened at $66.4130 on Tuesday. First American Financial Corporation has a 12-month low of $53.09 and a 12-month high of $70.92. The business has a 50-day simple moving average of $60.94 and a two-hundred day simple moving average of $61.10. The stock has a market cap of $6.76 billion, a PE ratio of 36.69 and a beta of 1.24.

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

First American Financial announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, July 23rd that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the insurance provider to buy up to 5.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Insider Transactions at First American Financial

In other First American Financial news, Director Margaret M. Mccarthy sold 3,500 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $65.63, for a total value of $229,705.00. Following the completion of the transaction, the director owned 28,095 shares of the company's stock, valued at $1,843,874.85. This represents a 11.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is currently owned by insiders.

First American Financial Company 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.

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