First American Financial Co. (NYSE:FAF) Shares Purchased by Cramer Rosenthal Mcglynn LLC

Cramer Rosenthal Mcglynn LLC lifted its position in First American Financial Co. (NYSE:FAF - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 847,843 shares of the insurance provider's stock after buying an additional 17,879 shares during the quarter. First American Financial comprises 3.0% of Cramer Rosenthal Mcglynn LLC's investment portfolio, making the stock its largest holding. Cramer Rosenthal Mcglynn LLC owned 0.82% of First American Financial worth $52,939,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised 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 valued at $84,000 after purchasing an additional 173 shares in the last quarter. CIBC Asset Management Inc raised its holdings in First American Financial by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 3,247 shares of the insurance provider's stock valued at $203,000 after buying an additional 179 shares in the last quarter. UMB Bank n.a. lifted its position in shares of First American Financial by 66.9% in the fourth 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. Nomura Asset Management Co. Ltd. boosted its stake 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 acquiring an additional 230 shares in the last quarter. Finally, 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 valued at $42,000 after acquiring an additional 245 shares during the last quarter. Institutional investors and hedge funds own 89.05% of the company's stock.

Wall Street Analyst Weigh In

FAF has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised First American Financial from a "market perform" rating to an "outperform" rating and set a $75.00 target price for the company in a research report on Tuesday, April 8th. Stephens lifted their price target on First American Financial from $73.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th.

First American Financial Trading Up 2.1 %

FAF stock traded up $1.20 during midday trading on Wednesday, hitting $59.52. The stock had a trading volume of 600,060 shares, compared to its average volume of 656,087. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of 47.62 and a beta of 1.23. The stock has a 50-day simple moving average of $63.06 and a 200 day simple moving average of $63.78. First American Financial Co. has a 52 week low of $51.60 and a 52 week high of $70.92.

First American Financial (NYSE:FAF - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.22. First American Financial had a net margin of 2.14% and a return on equity of 9.35%. On average, equities analysts forecast that First American Financial Co. will post 5.35 EPS for the current year.

Insider Buying and Selling

In related news, Director Dennis J. Gilmore sold 111,971 shares of First American Financial stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $63.60, for a total transaction of $7,121,355.60. Following the completion of the transaction, the director now directly owns 494,574 shares of the company's stock, valued at $31,454,906.40. This trade represents a 18.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Lisa W. Cornehl sold 3,057 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $65.49, for a total transaction of $200,202.93. Following the sale, the senior vice president now directly owns 23,825 shares in the company, valued at $1,560,299.25. This represents a 11.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 127,707 shares of company stock worth $8,136,565 in the last 90 days. 3.70% of the stock is owned by company insiders.

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.