Stifel Financial Corp Has $4.92 Million Stake in First American Financial Co. (NYSE:FAF)

Stifel Financial Corp trimmed its stake in First American Financial Co. (NYSE:FAF - Free Report) by 7.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,739 shares of the insurance provider's stock after selling 5,983 shares during the period. Stifel Financial Corp owned about 0.08% of First American Financial worth $4,916,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. increased its stake in 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 acquiring an additional 210 shares during the period. Jones Financial Companies Lllp raised its stake in shares of First American Financial by 57.6% in the fourth 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 in the last quarter. GAMMA Investing LLC boosted its stake in First American Financial by 34.9% during the fourth quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider's stock worth $67,000 after buying 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 worth $84,000 after acquiring an additional 173 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of 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 acquiring an additional 230 shares in the last quarter. Institutional investors own 89.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Stephens raised their target price on First American Financial from $73.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Barclays lifted their price objective on First American Financial from $69.00 to $72.00 and gave the company an "equal weight" rating in a research report on Friday, April 25th. StockNews.com lowered First American Financial from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Keefe, Bruyette & Woods upped 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 report on Monday, April 28th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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 the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $65.49, for a total value of $200,202.93. Following 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Dennis J. Gilmore sold 111,971 shares of the business's stock in a transaction dated 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 transaction, the director now owns 494,574 shares of the company's stock, valued at $31,454,906.40. The trade was a 18.46 % 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 in the last three months. Insiders own 3.70% of the company's stock.

First American Financial Stock Down 0.4 %

FAF stock traded down $0.25 during midday trading on Tuesday, reaching $61.28. The stock had a trading volume of 38,423 shares, compared to its average volume of 655,313. First American Financial Co. has a twelve month low of $51.85 and a twelve month high of $70.92. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 49.05 and a beta of 1.29. The business has a fifty day simple moving average of $62.53 and a two-hundred day simple moving average of $63.50.

First American Financial (NYSE:FAF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the firm posted $0.45 earnings per share. First American Financial's revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities analysts predict that First American Financial Co. will post 5.35 earnings per share for the current fiscal 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.