First American Financial Co. (NYSE:FAF) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC grew its holdings in shares of First American Financial Co. (NYSE:FAF - Free Report) by 6.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 444,234 shares of the insurance provider's stock after purchasing an additional 27,625 shares during the quarter. AQR Capital Management LLC owned approximately 0.43% of First American Financial worth $27,671,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in FAF. UMB Bank n.a. increased its holdings in First American Financial by 66.9% during the fourth quarter. UMB Bank n.a. now owns 524 shares of the insurance provider's stock valued at $33,000 after buying an additional 210 shares during the last quarter. Jones Financial Companies Lllp increased its stake 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 in the last quarter. GAMMA Investing LLC raised its holdings in First American Financial by 34.9% in the 4th quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider's stock worth $67,000 after purchasing an additional 277 shares during the period. Parkside Financial Bank & Trust lifted its position in First American Financial by 14.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,340 shares of the insurance provider's stock valued at $84,000 after purchasing an additional 173 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in First American Financial by 18.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,510 shares of the insurance provider's stock valued at $94,000 after purchasing an additional 230 shares during the period. Institutional investors own 89.05% of the company's stock.

First American Financial Trading Down 0.2 %

NYSE:FAF traded down $0.11 during midday trading on Wednesday, hitting $61.14. 592,398 shares of the company traded hands, compared to its average volume of 657,177. The firm has a market capitalization of $6.29 billion, a P/E ratio of 48.91 and a beta of 1.29. The firm's fifty day moving average is $62.38 and its 200-day moving average is $63.47. 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 released 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 analysts' expectations of $1.53 billion. First American Financial had a return on equity of 9.35% and a net margin of 2.14%. The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 earnings per share. On average, research analysts expect that First American Financial Co. will post 5.35 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on FAF. Stephens upped their price objective 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. StockNews.com downgraded First American Financial from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Keefe, Bruyette & Woods raised their target price on shares of First American Financial from $75.00 to $77.00 and gave the company an "outperform" rating in a report on Monday, April 28th. Finally, Barclays upped 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. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $75.00.

Insider Activity

In other First American Financial news, CFO Mark Edward Seaton sold 12,679 shares of First American Financial stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $64.28, for a total value of $815,006.12. Following the transaction, the chief financial officer now owns 195,812 shares in the company, valued at $12,586,795.36. The trade was a 6.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Lisa W. Cornehl sold 3,057 shares of the business'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 transaction of $200,202.93. Following the transaction, the senior vice president now owns 23,825 shares of the company's stock, valued at approximately $1,560,299.25. This trade represents a 11.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 127,707 shares of company stock valued at $8,136,565. Corporate insiders own 3.70% of the company's stock.

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.