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

Quantinno Capital Management LP raised its holdings in First American Financial Co. (NYSE:FAF - Free Report) by 77.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 63,425 shares of the insurance provider's stock after acquiring an additional 27,600 shares during the period. Quantinno Capital Management LP owned 0.06% of First American Financial worth $3,960,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. increased its holdings in shares of 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 buying an additional 210 shares during the last quarter. Jones Financial Companies Lllp increased its holdings 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 worth $42,000 after buying an additional 245 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of 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. Nomura Asset Management Co. Ltd. increased its holdings in shares of First American Financial by 18.0% during the 4th 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 last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of First American Financial by 314.7% during the 4th quarter. Venturi Wealth Management LLC now owns 2,592 shares of the insurance provider's stock worth $162,000 after buying an additional 1,967 shares during the last quarter. 89.05% of the stock is currently owned by institutional investors and hedge funds.

First American Financial Price Performance

NYSE FAF traded up $0.18 during trading hours on Friday, hitting $55.61. The company had a trading volume of 1,092,780 shares, compared to its average volume of 678,842. First American Financial Co. has a fifty-two week low of $51.85 and a fifty-two week high of $70.92. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 44.49 and a beta of 1.29. The firm's 50 day moving average is $61.24 and its 200 day moving average is $63.09.

First American Financial (NYSE:FAF - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.19. First American Financial had a return on equity of 9.35% and a net margin of 2.14%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the firm earned $0.45 EPS. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities analysts anticipate that First American Financial Co. will post 5.35 EPS for the current year.

First American Financial Announces Dividend

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

Analysts Set New Price Targets

A number of research firms have recently commented on FAF. Barclays upped their price objective on First American Financial from $69.00 to $72.00 and gave the stock an "equal weight" rating in a report on Friday, April 25th. Stephens upped their price objective on First American Financial from $73.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Keefe, Bruyette & Woods increased their price target on First American Financial from $75.00 to $77.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Finally, Wall Street Zen upgraded First American Financial from a "hold" rating to a "buy" rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $75.00.

Insider Buying and Selling at First American Financial

In other First American Financial news, CFO Mark Edward Seaton sold 12,679 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $64.28, for a total value of $815,006.12. Following the completion of the transaction, the chief financial officer now directly owns 195,812 shares of the company's stock, valued at $12,586,795.36. This represents a 6.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Lisa W. Cornehl sold 3,057 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $1,560,299.25. The trade was a 11.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

About First American Financial

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.