Hsbc Holdings PLC Purchases 12,350 Shares of First American Financial Co. (NYSE:FAF)

Hsbc Holdings PLC lifted its stake in First American Financial Co. (NYSE:FAF - Free Report) by 243.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,416 shares of the insurance provider's stock after buying an additional 12,350 shares during the period. Hsbc Holdings PLC's holdings in First American Financial were worth $1,085,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. increased its stake in 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 purchasing 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 purchasing an additional 245 shares during the last quarter. GAMMA Investing LLC lifted its stake 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 purchasing an additional 277 shares in the last quarter. Parkside Financial Bank & Trust lifted 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 acquiring an additional 173 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position 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 acquiring an additional 230 shares in the last quarter. 89.05% of the stock is owned by hedge funds and other institutional investors.

First American Financial Trading Down 1.5 %

Shares of FAF traded down $0.88 during mid-day trading on Friday, hitting $59.64. 141,807 shares of the company traded hands, compared to its average volume of 655,842. The business has a 50-day moving average of $62.29 and a 200 day moving average of $63.45. First American Financial Co. has a one year low of $51.85 and a one year high of $70.92. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 47.71 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 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.53 billion. During the same quarter in the previous year, the business earned $0.45 EPS. The firm's revenue was up 11.1% on a year-over-year basis. As a group, analysts anticipate that First American Financial Co. will post 5.35 earnings per share for the current year.

Analysts Set New Price Targets

FAF has been the topic of several recent analyst reports. Stephens upped their price target on shares of First American Financial from $73.00 to $78.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Keefe, Bruyette & Woods boosted their price target 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. Barclays increased their price target on 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. Finally, StockNews.com downgraded First American Financial from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $75.00.

Insider Activity at First American Financial

In other First American Financial news, Director Dennis J. Gilmore sold 111,971 shares of the stock in a transaction that occurred on 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 sale, the director now owns 494,574 shares of the company's stock, valued at approximately $31,454,906.40. This represents a 18.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark Edward Seaton sold 12,679 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $64.28, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders sold 127,707 shares of company stock worth $8,136,565 in the last ninety days. 3.70% of the stock is owned by company insiders.

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.