FJ Capital Management LLC Invests $4 Million in First American Financial Co. (NYSE:FAF)

FJ Capital Management LLC bought a new stake in First American Financial Co. (NYSE:FAF - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 63,977 shares of the insurance provider's stock, valued at approximately $3,995,000. FJ Capital Management LLC owned approximately 0.06% of First American Financial at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. UMB Bank n.a. boosted its holdings in shares of First American Financial by 66.9% in the 4th 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 in the last quarter. Jones Financial Companies Lllp boosted its holdings 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 buying an additional 245 shares in the last quarter. GAMMA Investing LLC boosted its holdings 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 buying an additional 277 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake 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 during the period. Finally, Nomura Asset Management Co. Ltd. boosted 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 worth $94,000 after purchasing an additional 230 shares during the period. Institutional investors and hedge funds own 89.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FAF shares. Keefe, Bruyette & Woods increased their price target on shares of First American Financial from $75.00 to $77.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th. StockNews.com cut shares of First American Financial from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Stephens increased their price target on shares of First American Financial from $73.00 to $78.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Finally, Barclays increased their price target on shares of 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. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $75.00.

Insider Transactions at First American Financial

In other First American Financial news, SVP Lisa W. Cornehl sold 3,057 shares of First American Financial 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 owns 23,825 shares in the company, valued at approximately $1,560,299.25. The trade was a 11.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dennis J. Gilmore sold 111,971 shares of First American Financial stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $63.60, for a total transaction of $7,121,355.60. Following the transaction, the director now owns 494,574 shares of the company's stock, valued at approximately $31,454,906.40. The trade was a 18.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,707 shares of company stock worth $8,136,565. Company insiders own 3.70% of the company's stock.

First American Financial Price Performance

Shares of FAF stock traded up $0.69 during mid-day trading on Monday, hitting $60.51. The stock had a trading volume of 716,800 shares, compared to its average volume of 658,880. First American Financial Co. has a fifty-two week low of $51.85 and a fifty-two week high of $70.92. The firm has a market cap of $6.23 billion, a PE ratio of 48.41 and a beta of 1.29. The company's 50-day simple moving average is $62.13 and its 200-day simple moving average is $63.39.

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, topping the consensus estimate of $0.65 by $0.19. First American Financial had a net margin of 2.14% and a return on equity of 9.35%. The company had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter last year, the business earned $0.45 EPS. The business's revenue was up 11.1% on a year-over-year basis. On average, analysts expect that First American Financial Co. will post 5.35 EPS for the current year.

First American Financial Company 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.