Corient Private Wealth LLC Purchases 842,904 Shares of First American Financial Co. (NYSE:FAF)

Corient Private Wealth LLC boosted its holdings in First American Financial Co. (NYSE:FAF) by 13,222.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 849,279 shares of the insurance provider’s stock after buying an additional 842,904 shares during the period. Corient Private Wealth LLC owned approximately 0.82% of First American Financial worth $53,029,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. UMB Bank n.a. raised its position in shares of First American Financial by 66.9% during 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 last quarter. Jones Financial Companies Lllp increased its holdings in 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 during the last quarter. GAMMA Investing LLC lifted its stake in First American Financial by 34.9% in the fourth 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 period. Sunbelt Securities Inc. bought a new position in First American Financial during the third quarter worth about $75,000. Finally, Parkside Financial Bank & Trust grew its position 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 buying an additional 173 shares during the period. 89.05% of the stock is owned by institutional investors.

First American Financial Stock Performance

Shares of FAF stock opened at $63.86 on Monday. 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 $62.82 and its two-hundred day moving average price is $64.32. The company has a market capitalization of $6.56 billion, a P/E ratio of 51.09 and a beta of 1.34.

First American Financial (NYSE:FAF) last posted its quarterly earnings data on Wednesday, February 12th. The insurance provider reported $1.35 EPS for the quarter, beating the consensus estimate of $1.13 by $0.22. First American Financial had a net margin of 2.14% and a return on equity of 9.35%. Analysts forecast that First American Financial Co. will post 5.35 earnings per share for the current year.

First American Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a dividend of $0.54 per share. The ex-dividend date is Monday, March 10th. This represents a $2.16 annualized dividend and a dividend yield of 3.38%. First American Financial’s dividend payout ratio is currently 172.80%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FAF. Stephens boosted their price objective 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. Keefe, Bruyette & Woods boosted their price target on shares of First American Financial from $74.00 to $75.00 and gave the company a “market perform” rating in a report on Tuesday, February 18th.

Insider Activity at First American Financial

In related news, SVP Lisa W. Cornehl sold 3,057 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president now owns 23,825 shares of the company’s stock, valued at approximately $1,560,299.25. This trade represents a 11.37 % 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 hyperlink. 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 transaction of $7,121,355.60. Following the sale, the director now directly owns 494,574 shares in the company, valued at $31,454,906.40. This trade represents a 18.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 127,707 shares of company stock valued at $8,136,565. 3.70% of the stock is owned by 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.