First American Financial Co. (NYSE:FAF) Stake Raised by Northern Trust Corp

Northern Trust Corp grew its holdings in shares of First American Financial Co. (NYSE:FAF - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,030,622 shares of the insurance provider's stock after purchasing an additional 53,513 shares during the period. Northern Trust Corp owned approximately 1.00% of First American Financial worth $64,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in FAF. UMB Bank n.a. lifted its holdings in shares of 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 purchasing an additional 210 shares during the last quarter. Jones Financial Companies Lllp lifted its position 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 valued at $42,000 after acquiring an additional 245 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of First American Financial by 34.9% in the 4th quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider's stock valued at $67,000 after acquiring an additional 277 shares in the last quarter. Parkside Financial Bank & Trust grew its position in 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 purchasing an additional 173 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in 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 valued at $94,000 after purchasing an additional 230 shares during the period. Institutional investors and hedge funds own 89.05% of the company's stock.

Insider Transactions at First American Financial

In related news, Director Dennis J. Gilmore sold 111,971 shares of the company's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $63.60, for a total value of $7,121,355.60. Following the completion of the sale, the director now directly owns 494,574 shares in the company, valued at approximately $31,454,906.40. This represents a 18.46 % decrease in their ownership of the stock. The sale 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 firm'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 transaction, the chief financial officer now owns 195,812 shares in the company, valued at approximately $12,586,795.36. This trade represents a 6.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 127,707 shares of company stock worth $8,136,565 in the last 90 days. 3.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on FAF. StockNews.com cut First American Financial from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Barclays raised their price objective on First American Financial from $69.00 to $72.00 and gave the stock an "equal weight" rating in a research report on Friday, April 25th. Keefe, Bruyette & Woods upped their target price 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, Stephens raised their price target on shares of First American Financial from $73.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $75.00.

First American Financial Price Performance

Shares of NYSE FAF opened at $61.31 on Wednesday. First American Financial Co. has a one year low of $51.85 and a one year high of $70.92. The business's 50-day moving average price is $62.47 and its two-hundred day moving average price is $63.49. The company has a market capitalization of $6.31 billion, a P/E ratio of 49.04 and a beta of 1.29.

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

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.

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