MetLife Investment Management LLC Grows Stake in First American Financial Co. (NYSE:FAF)

MetLife Investment Management LLC lifted its holdings in shares of First American Financial Co. (NYSE:FAF - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,009 shares of the insurance provider's stock after purchasing an additional 4,884 shares during the period. MetLife Investment Management LLC owned 0.06% of First American Financial worth $3,622,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Capital International Inc. CA acquired a new stake in shares of First American Financial during the 4th quarter worth approximately $1,567,000. Dimensional Fund Advisors LP grew its holdings in First American Financial by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,963,516 shares of the insurance provider's stock worth $247,481,000 after purchasing an additional 129,863 shares during the period. Forum Financial Management LP bought a new stake in First American Financial in the fourth quarter valued at $235,000. Cramer Rosenthal Mcglynn LLC raised its holdings in shares of First American Financial by 2.2% during the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 847,843 shares of the insurance provider's stock valued at $52,939,000 after purchasing an additional 17,879 shares during the period. Finally, Capital Group Private Client Services Inc. bought a new position in shares of First American Financial during the 4th quarter worth about $3,655,000. Institutional investors and hedge funds own 89.05% of the company's stock.

Insider Activity at First American Financial

In other First American Financial news, SVP Lisa W. Cornehl sold 3,057 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $65.49, for a total value of $200,202.93. Following the completion of the sale, the senior vice president now owns 23,825 shares in the company, valued at approximately $1,560,299.25. This trade represents a 11.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dennis J. Gilmore sold 111,971 shares of First American Financial stock in a transaction that occurred on 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 directly owns 494,574 shares in the company, valued at approximately $31,454,906.40. This represents a 18.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 127,707 shares of company stock valued at $8,136,565 over the last ninety days. Corporate insiders own 3.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. StockNews.com raised First American Financial from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Barclays upped their target price 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 lifted their price target on shares of First American Financial from $75.00 to $77.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Stephens upped their price objective 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. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $75.00.

First American Financial Stock Performance

Shares of First American Financial stock traded down $0.16 on Thursday, hitting $60.66. The company had a trading volume of 70,994 shares, compared to its average volume of 656,734. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 48.65 and a beta of 1.23. First American Financial Co. has a 1 year low of $51.85 and a 1 year high of $70.92. The stock has a 50 day moving average of $62.73 and a 200-day moving average of $63.66.

First American Financial (NYSE:FAF - Get Free Report) last released its quarterly 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 business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.53 billion. First American Financial had a return on equity of 9.35% and a net margin of 2.14%. First American Financial's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 EPS. Equities analysts anticipate that First American Financial Co. will post 5.35 earnings per share for the current year.

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.