Amundi Invests $1.86 Million in First American Financial Co. (NYSE:FAF)

Amundi bought a new position in First American Financial Co. (NYSE:FAF) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 31,061 shares of the insurance provider’s stock, valued at approximately $1,864,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FAF. Parkside Financial Bank & Trust grew its position in First American Financial by 14.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,340 shares of the insurance provider’s stock valued at $84,000 after acquiring an additional 173 shares during the period. CIBC Asset Management Inc grew its holdings in shares of First American Financial by 5.8% in the 4th 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. increased 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 worth $33,000 after purchasing an additional 210 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in First American Financial by 57.6% during the 4th 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. Finally, Empowered Funds LLC boosted its position in First American Financial by 6.7% in the fourth quarter. Empowered Funds LLC now owns 4,076 shares of the insurance provider’s stock valued at $255,000 after buying an additional 256 shares in the last quarter. Institutional investors own 89.05% of the company’s stock.

First American Financial Trading Up 1.8 %

Shares of NYSE FAF opened at $64.98 on Tuesday. First American Financial Co. has a 1-year low of $51.60 and a 1-year high of $70.92. The company has a 50-day moving average of $62.90 and a two-hundred day moving average of $64.34. The company has a market cap of $6.68 billion, a PE ratio of 51.99 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 earnings per share for the quarter, topping 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%. As a group, equities research analysts forecast that First American Financial Co. will post 5.35 earnings per share for the current year.

First American Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.32%. The ex-dividend date was Monday, March 10th. First American Financial’s dividend payout ratio is 172.80%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised their price objective on shares of 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 raised their price target on First American Financial from $73.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, February 14th.

Insider Activity at First American Financial

In other First American Financial news, SVP Lisa W. Cornehl sold 3,057 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 completion of the transaction, the director now 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 disclosure for this sale can be found here. Insiders have sold a total of 127,707 shares of company stock worth $8,136,565 over the last 90 days. 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.