First American Financial Co. (NYSE:FAF) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its position in First American Financial Co. (NYSE:FAF - Free Report) by 77.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,425 shares of the insurance provider's stock after purchasing an additional 27,600 shares during the quarter. Quantinno Capital Management LP owned approximately 0.06% of First American Financial worth $3,960,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC raised its holdings in First American Financial by 15.2% in the third quarter. Barclays PLC now owns 60,821 shares of the insurance provider's stock worth $4,016,000 after purchasing an additional 8,047 shares in the last quarter. Merit Financial Group LLC purchased a new stake in shares of First American Financial during the fourth quarter worth about $453,000. JPMorgan Chase & Co. grew its stake in shares of First American Financial by 6.7% during the fourth quarter. JPMorgan Chase & Co. now owns 229,303 shares of the insurance provider's stock worth $14,318,000 after acquiring an additional 14,483 shares during the last quarter. Lecap Asset Management Ltd. purchased a new stake in shares of First American Financial during the fourth quarter worth about $453,000. Finally, Schroder Investment Management Group purchased a new stake in shares of First American Financial during the fourth quarter worth about $8,460,000. 89.05% of the stock is currently owned by institutional investors.

First American Financial Stock Performance

NYSE FAF traded up $0.18 during trading hours on Friday, reaching $55.61. The stock had a trading volume of 1,092,780 shares, compared to its average volume of 677,664. The stock has a fifty day moving average of $61.24 and a 200 day moving average of $63.08. The stock has a market cap of $5.72 billion, a P/E ratio of 44.49 and a beta of 1.29. First American Financial Co. has a 52-week low of $51.85 and a 52-week high of $70.92.

First American Financial (NYSE:FAF - Get Free Report) last issued 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. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.53 billion. First American Financial had a return on equity of 9.35% and a net margin of 2.14%. First American Financial's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 earnings per share. On average, equities research analysts forecast that First American Financial Co. will post 5.35 EPS for the current year.

First American Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be given a $0.54 dividend. The ex-dividend date is Monday, June 9th. This represents a $2.16 dividend on an annualized basis and a yield of 3.88%. First American Financial's dividend payout ratio is currently 143.05%.

Insider Activity at First American Financial

In other First American Financial 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 value of $200,202.93. Following the sale, the senior vice president now owns 23,825 shares in the company, 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 is accessible through this link. Also, CFO Mark Edward Seaton sold 12,679 shares of the company'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 owns 195,812 shares in the company, valued at approximately $12,586,795.36. This represents a 6.08% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Analyst Ratings Changes

FAF has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted 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. Stephens boosted their price target on First American Financial from $73.00 to $78.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Barclays boosted their price target on First American Financial from $69.00 to $72.00 and gave the stock an "equal weight" rating in a research note on Friday, April 25th. Finally, Wall Street Zen upgraded First American Financial from a "hold" rating to a "buy" rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $75.00.

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.