Systematic Financial Management LP Sells 325 Shares of First American Financial Corp (FAF)

Systematic Financial Management LP decreased its holdings in First American Financial Corp (NYSE:FAF) by 1.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,470 shares of the insurance provider’s stock after selling 325 shares during the quarter. Systematic Financial Management LP’s holdings in First American Financial were worth $1,363,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of FAF. Lunia Capital LP grew its position in First American Financial by 2,384.2% in the fourth quarter. Lunia Capital LP now owns 6,088,762 shares of the insurance provider’s stock worth $6,089,000 after buying an additional 5,843,667 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in First American Financial by 4,404.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,973,445 shares of the insurance provider’s stock worth $44,000 after buying an additional 1,929,636 shares during the last quarter. FMR LLC grew its position in First American Financial by 19.3% in the fourth quarter. FMR LLC now owns 9,135,859 shares of the insurance provider’s stock worth $407,825,000 after buying an additional 1,477,309 shares during the last quarter. Norges Bank acquired a new position in First American Financial in the fourth quarter worth approximately $63,323,000. Finally, First Trust Advisors LP grew its position in First American Financial by 166.4% in the fourth quarter. First Trust Advisors LP now owns 859,392 shares of the insurance provider’s stock worth $38,363,000 after buying an additional 536,765 shares during the last quarter. Hedge funds and other institutional investors own 84.26% of the company’s stock.

Several research analysts have issued reports on FAF shares. Zacks Investment Research upgraded shares of First American Financial from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Tuesday, April 16th. Compass Point started coverage on shares of First American Financial in a research report on Thursday, January 24th. They issued a “buy” rating and a $58.00 price target on the stock. Barclays set a $58.00 price target on shares of First American Financial and gave the stock a “buy” rating in a research report on Friday, February 15th. ValuEngine raised shares of First American Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Finally, Piper Jaffray Companies raised shares of First American Financial from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $59.00 to $67.00 in a research note on Monday, April 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $56.58.

In other First American Financial news, insider Kenneth D. Degiorgio sold 26,658 shares of First American Financial stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $57.00, for a total transaction of $1,519,506.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kenneth D. Degiorgio sold 1,400 shares of First American Financial stock in a transaction on Friday, April 26th. The shares were sold at an average price of $58.24, for a total transaction of $81,536.00. The disclosure for this sale can be found here. Insiders sold a total of 75,549 shares of company stock valued at $4,147,543 in the last ninety days. Company insiders own 3.00% of the company’s stock.

First American Financial stock traded up $0.02 during midday trading on Friday, reaching $55.20. The stock had a trading volume of 980 shares, compared to its average volume of 475,128. First American Financial Corp has a twelve month low of $41.96 and a twelve month high of $58.29. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 12.01, a P/E/G ratio of 1.07 and a beta of 0.88.

First American Financial (NYSE:FAF) last posted its quarterly earnings data on Thursday, April 25th. The insurance provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. First American Financial had a net margin of 8.83% and a return on equity of 14.51%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the business posted $0.67 EPS. The company’s revenue was up .5% on a year-over-year basis. Equities analysts expect that First American Financial Corp will post 4.69 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date is Friday, June 7th. First American Financial’s dividend payout ratio is 36.68%.

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First American Financial Company Profile

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Specialty Insurance segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services.

Further Reading: What is a Derivative?

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Institutional Ownership by Quarter for First American Financial (NYSE:FAF)

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