Keybank National Association OH Acquires 707 Shares of First American Financial Co. (NYSE:FAF)

Keybank National Association OH boosted its holdings in First American Financial Co. (NYSE:FAF) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,814 shares of the insurance provider’s stock after purchasing an additional 707 shares during the quarter. Keybank National Association OH’s holdings in First American Financial were worth $738,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in FAF. Wellington Management Group LLP bought a new position in shares of First American Financial in the 3rd quarter worth $95,638,000. ArrowMark Colorado Holdings LLC acquired a new position in First American Financial during the third quarter worth $43,431,000. Holocene Advisors LP bought a new position in shares of First American Financial in the third quarter valued at $36,803,000. Jacobs Levy Equity Management Inc. grew its holdings in shares of First American Financial by 83.1% during the third quarter. Jacobs Levy Equity Management Inc. now owns 893,216 shares of the insurance provider’s stock valued at $58,961,000 after buying an additional 405,487 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of First American Financial by 19.4% during the third quarter. Victory Capital Management Inc. now owns 2,495,766 shares of the insurance provider’s stock worth $164,746,000 after acquiring an additional 405,146 shares in the last quarter. 89.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FAF has been the topic of several recent research reports. Stephens raised their price target on shares of First American Financial from $73.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Keefe, Bruyette & Woods raised their target price on First American Financial from $74.00 to $75.00 and gave the company a “market perform” rating in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.50.

First American Financial Stock Down 0.2 %

First American Financial stock opened at $63.87 on Friday. First American Financial Co. has a 52 week low of $51.60 and a 52 week high of $70.92. The company’s 50 day moving average price is $62.75 and its two-hundred day moving average price is $64.30. The stock has a market cap of $6.57 billion, a P/E ratio of 51.10 and a beta of 1.34.

First American Financial (NYSE:FAF) last issued its quarterly earnings results on Wednesday, February 12th. The insurance provider reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.22. First American Financial had a return on equity of 9.35% and a net margin of 2.14%. On average, equities analysts anticipate that First American Financial Co. will post 5.35 EPS for the current year.

First American Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date is Monday, March 10th. First American Financial’s dividend payout ratio (DPR) is currently 172.80%.

Insider Activity at First American Financial

In other First American Financial news, SVP Lisa W. Cornehl sold 3,057 shares of the business’s 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 transaction, the senior vice president now directly owns 23,825 shares in the company, valued at $1,560,299.25. The trade was a 11.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark Edward Seaton sold 12,679 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $64.28, for a total transaction of $815,006.12. Following the sale, the chief financial officer now owns 195,812 shares of the company’s stock, valued at approximately $12,586,795.36. The trade was a 6.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,707 shares of company stock worth $8,136,565. 3.70% of the stock is owned by company insiders.

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.