First American Financial Co. (NYSE:FAF) Shares Acquired by Pinebridge Investments L.P.

Pinebridge Investments L.P. grew its position in shares of First American Financial Co. (NYSE:FAF - Free Report) by 42.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,471 shares of the insurance provider's stock after purchasing an additional 13,003 shares during the period. Pinebridge Investments L.P.'s holdings in First American Financial were worth $2,714,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FAF. Bar Harbor Wealth Management lifted its holdings in shares of First American Financial by 43.6% in the 4th quarter. Bar Harbor Wealth Management now owns 96,627 shares of the insurance provider's stock valued at $6,033,000 after acquiring an additional 29,324 shares during the last quarter. Barclays PLC increased its position in shares of First American Financial by 15.2% during the 3rd quarter. Barclays PLC now owns 60,821 shares of the insurance provider's stock valued at $4,016,000 after purchasing an additional 8,047 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in First American Financial by 5.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 214,820 shares of the insurance provider's stock valued at $14,180,000 after buying an additional 10,489 shares during the period. Oak Thistle LLC purchased a new position in First American Financial during the fourth quarter worth $1,476,000. Finally, Merit Financial Group LLC bought a new position in First American Financial during the fourth quarter valued at $453,000. 89.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FAF has been the topic of several 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. StockNews.com raised First American Financial from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. Barclays increased their target price 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, 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 note on Monday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $75.00.

Insider Transactions at First American Financial

In other First American Financial news, Director Dennis J. Gilmore sold 111,971 shares of the company's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $63.60, for a total value of $7,121,355.60. Following the sale, the director now owns 494,574 shares in the company, 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 is accessible through this link. Also, SVP Lisa W. Cornehl sold 3,057 shares of the business's stock in a transaction on 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 of the company's stock, valued at approximately $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 have sold 127,707 shares of company stock worth $8,136,565 over the last quarter. 3.70% of the stock is currently owned by insiders.

First American Financial Stock Performance

FAF traded down $0.57 during trading on Wednesday, hitting $60.81. The stock had a trading volume of 573,447 shares, compared to its average volume of 658,791. The stock has a 50 day simple moving average of $62.78 and a two-hundred day simple moving average of $63.68. The company has a market capitalization of $6.27 billion, a PE ratio of 48.65 and a beta of 1.23. First American Financial Co. has a twelve month low of $51.85 and a twelve month high of $70.92.

First American Financial (NYSE:FAF - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The insurance provider reported $0.84 earnings per share (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 firm had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter last year, the company posted $0.45 earnings per share. The firm's revenue was up 11.1% compared to the same quarter last year. On average, equities research analysts anticipate 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.