First American Financial Co. (NYSE:FAF) Holdings Raised by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its holdings in First American Financial Co. (NYSE:FAF - Free Report) by 163.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,576 shares of the insurance provider's stock after purchasing an additional 4,695 shares during the quarter. Tower Research Capital LLC TRC's holdings in First American Financial were worth $473,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in FAF. UMB Bank n.a. increased its position 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 acquiring an additional 210 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of First American Financial by 57.6% during the fourth quarter. Jones Financial Companies Lllp now owns 670 shares of the insurance provider's stock worth $42,000 after purchasing an additional 245 shares during the period. GAMMA Investing LLC grew its position in 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 during the last quarter. Parkside Financial Bank & Trust raised its position 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 buying an additional 173 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of First American Financial by 18.0% in 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 during the period. 89.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FAF. 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 report on Friday, April 25th. StockNews.com lowered shares of First American Financial from a "buy" rating to a "hold" rating in a research report on Friday. Keefe, Bruyette & Woods raised their target price 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. Finally, Stephens raised their price objective on First American Financial from $73.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, First American Financial presently has a consensus rating of "Moderate Buy" and an average price target of $75.00.

First American Financial Trading Up 0.1 %

FAF stock traded up $0.07 during trading on Monday, reaching $61.88. The stock had a trading volume of 50,461 shares, compared to its average volume of 655,414. The firm has a fifty day moving average price of $62.59 and a 200 day moving average price of $63.54. The company has a market capitalization of $6.37 billion, a P/E ratio of 49.50 and a beta of 1.29. First American Financial Co. has a 1-year low of $51.85 and a 1-year high of $70.92.

First American Financial (NYSE:FAF - Get Free Report) last issued 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. First American Financial had a return on equity of 9.35% and a net margin of 2.14%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the business posted $0.45 earnings per share. First American Financial's revenue for the quarter was up 11.1% on a year-over-year basis. Sell-side analysts predict that First American Financial Co. will post 5.35 EPS for the current year.

Insider Buying and Selling

In related news, CFO Mark Edward Seaton sold 12,679 shares of First American Financial stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $64.28, for a total value of $815,006.12. Following the completion of the transaction, the chief financial officer now directly owns 195,812 shares in the company, valued at approximately $12,586,795.36. This trade represents a 6.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dennis J. Gilmore sold 111,971 shares of the 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 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. Over the last quarter, insiders sold 127,707 shares of company stock worth $8,136,565. Insiders own 3.70% of the company's stock.

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.