Dennis J. Gilmore Sells 111,971 Shares of First American Financial Co. (NYSE:FAF) Stock

First American Financial Co. (NYSE:FAF) Director Dennis J. Gilmore sold 111,971 shares of the company’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 sale, 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 position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

First American Financial Stock Down 2.3 %

Shares of NYSE FAF opened at $63.22 on Friday. The business’s 50 day moving average price is $62.56 and its two-hundred day moving average price is $64.02. The company has a market cap of $6.51 billion, a PE ratio of 50.58 and a beta of 1.33. First American Financial Co. has a twelve month low of $51.60 and a twelve month high of $70.92.

First American Financial (NYSE:FAF) last announced its quarterly earnings results on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share 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%. As a group, research analysts anticipate that First American Financial Co. will post 5.35 EPS for the current fiscal year.

First American Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Monday, March 10th. First American Financial’s payout ratio is 172.80%.

Hedge Funds Weigh In On First American Financial

Several institutional investors and hedge funds have recently made changes to their positions in the company. Blossom Wealth Management grew its position in First American Financial by 2.4% during the third quarter. Blossom Wealth Management now owns 7,105 shares of the insurance provider’s stock worth $469,000 after buying an additional 165 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in First American Financial by 14.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,340 shares of the insurance provider’s stock worth $84,000 after purchasing an additional 173 shares during the last quarter. CIBC Asset Management Inc lifted its stake in First American Financial by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 3,247 shares of the insurance provider’s stock worth $203,000 after purchasing an additional 179 shares during the last quarter. UMB Bank n.a. lifted 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 worth $33,000 after purchasing an additional 210 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in First American Financial by 18.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,510 shares of the insurance provider’s stock worth $94,000 after purchasing an additional 230 shares during the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on FAF. Truist Financial upped their target price on First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Barclays upped their target price on First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods boosted 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. Finally, Stephens boosted their price target 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. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $74.50.

About First American Financial

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.