Xponance Inc. Purchases 617 Shares of First American Financial Co. (NYSE:FAF)

Xponance Inc. grew its position in shares of First American Financial Co. (NYSE:FAF) by 5.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 11,787 shares of the insurance provider’s stock after acquiring an additional 617 shares during the quarter. Xponance Inc.’s holdings in First American Financial were worth $736,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wellington Management Group LLP purchased a new stake in First American Financial during the third quarter valued at $95,638,000. Corient Private Wealth LLC raised its position in shares of First American Financial by 13,222.0% during the 4th quarter. Corient Private Wealth LLC now owns 849,279 shares of the insurance provider’s stock valued at $53,029,000 after buying an additional 842,904 shares in the last quarter. ArrowMark Colorado Holdings LLC purchased a new stake in shares of First American Financial during the 3rd quarter valued at about $43,431,000. Holocene Advisors LP bought a new position in shares of First American Financial in the 3rd quarter valued at about $36,803,000. Finally, Jacobs Levy Equity Management Inc. increased its stake in 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 worth $58,961,000 after acquiring an additional 405,487 shares during the last quarter. 89.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FAF has been the subject of several analyst reports. Stephens raised their price objective on First American Financial from $73.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Keefe, Bruyette & Woods raised their price target on First American Financial from $74.00 to $75.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 18th.

First American Financial Price Performance

Shares of NYSE:FAF opened at $65.98 on Tuesday. The business has a 50 day simple moving average of $63.49 and a two-hundred day simple moving average of $64.37. First American Financial Co. has a 1 year low of $51.60 and a 1 year high of $70.92. The firm has a market capitalization of $6.78 billion, a PE ratio of 52.79 and a beta of 1.34.

First American Financial (NYSE:FAF) last announced 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 return on equity of 9.35% and a net margin of 2.14%. Equities research analysts expect that First American Financial Co. will post 5.35 EPS for the current fiscal year.

First American Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.27%. The ex-dividend date was Monday, March 10th. First American Financial’s dividend payout ratio is presently 172.80%.

Insider Activity at First American Financial

In other news, SVP Lisa W. Cornehl sold 3,057 shares of First American Financial stock in a transaction that occurred 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 sale, the senior vice president now owns 23,825 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through this link. Also, Director Dennis J. Gilmore sold 111,971 shares of the firm’s stock in a transaction 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 owns 494,574 shares in the company, 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 sold 127,707 shares of company stock worth $8,136,565 in the last 90 days. 3.70% of the stock is owned by corporate 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.