Foster & Motley Inc. Sells 438 Shares of First American Financial Corp (FAF)

Foster & Motley Inc. lessened its stake in shares of First American Financial Corp (NYSE:FAF) by 1.6% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 27,161 shares of the insurance provider’s stock after selling 438 shares during the period. Foster & Motley Inc.’s holdings in First American Financial were worth $1,399,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. FormulaFolio Investments LLC purchased a new stake in First American Financial during the first quarter valued at approximately $371,000. Leisure Capital Management raised its position in First American Financial by 4.0% during the first quarter. Leisure Capital Management now owns 12,586 shares of the insurance provider’s stock valued at $648,000 after purchasing an additional 486 shares during the period. Mason Street Advisors LLC raised its position in First American Financial by 1.2% during the first quarter. Mason Street Advisors LLC now owns 59,280 shares of the insurance provider’s stock valued at $3,053,000 after purchasing an additional 725 shares during the period. Raymond James & Associates raised its position in First American Financial by 3.2% during the first quarter. Raymond James & Associates now owns 30,755 shares of the insurance provider’s stock valued at $1,584,000 after purchasing an additional 946 shares during the period. Finally, American International Group Inc. raised its position in First American Financial by 3.9% during the first quarter. American International Group Inc. now owns 236,612 shares of the insurance provider’s stock valued at $12,186,000 after purchasing an additional 8,815 shares during the period. 84.26% of the stock is owned by institutional investors and hedge funds.

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

In other news, COO Christopher Michael Leavell sold 35,235 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $54.44, for a total value of $1,918,193.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Kenneth D. Degiorgio sold 1,400 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $58.24, for a total value of $81,536.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,549 shares of company stock worth $4,147,543. Company insiders own 3.00% of the company’s stock.

Shares of NYSE FAF opened at $54.96 on Tuesday. First American Financial Corp has a fifty-two week low of $41.96 and a fifty-two week high of $58.29. The company has a market capitalization of $6.15 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 1.06 and a beta of 0.88.

First American Financial (NYSE:FAF) last issued its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.05. First American Financial had a return on equity of 14.51% and a net margin of 8.83%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the business posted $0.67 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. As a group, research analysts anticipate that First American Financial Corp will post 4.7 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.68 annualized dividend and a dividend yield of 3.06%. First American Financial’s payout ratio is 36.68%.

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About First American Financial

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.

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

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