Oppenheimer Asset Management Inc. Has $1.28 Million Stock Holdings in First American Financial Co. (NYSE:FAF)

Oppenheimer Asset Management Inc. lifted its position in First American Financial Co. (NYSE:FAF) by 15.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,568 shares of the insurance provider’s stock after buying an additional 2,784 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in First American Financial were worth $1,284,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Victory Capital Management Inc. raised its holdings in First American Financial by 19.4% in the 3rd 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 during the period. Geode Capital Management LLC increased its stake in shares of First American Financial by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,700,903 shares of the insurance provider’s stock worth $112,306,000 after purchasing an additional 12,668 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in shares of First American Financial by 2.5% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,530,977 shares of the insurance provider’s stock worth $95,594,000 after purchasing an additional 37,866 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of First American Financial during the 3rd quarter worth about $95,638,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in First American Financial by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,118,145 shares of the insurance provider’s stock valued at $73,809,000 after purchasing an additional 8,315 shares during the period. 89.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

First American Financial Trading Down 1.1 %

FAF opened at $65.00 on Tuesday. The stock’s 50 day simple moving average is $62.64 and its 200-day simple moving average is $64.26. The stock has a market cap of $6.68 billion, a PE ratio of 52.00 and a beta of 1.33. First American Financial Co. has a 1 year low of $51.60 and a 1 year 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 (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%. Equities analysts forecast that First American Financial Co. will post 5.35 earnings per share for the current fiscal year.

First American Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.32%. The ex-dividend date is Monday, March 10th. First American Financial’s dividend payout ratio (DPR) is presently 172.80%.

Insiders Place Their Bets

In other First American Financial news, Director Dennis J. Gilmore sold 111,971 shares of the stock in a transaction on 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 completion of the transaction, the director now directly owns 494,574 shares in the company, valued at $31,454,906.40. This represents a 18.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Lisa W. Cornehl sold 3,057 shares of the business’s stock in a transaction 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 in the company, valued at $1,560,299.25. This represents a 11.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 127,707 shares of company stock worth $8,136,565 over the last quarter. Company insiders own 3.70% of the company’s stock.

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.