First American Financial Co. (NYSE:FAF) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC boosted its holdings in First American Financial Co. (NYSE:FAF) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 444,234 shares of the insurance provider’s stock after buying an additional 27,625 shares during the quarter. AQR Capital Management LLC owned 0.43% of First American Financial worth $27,671,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FAF. Vanguard Group Inc. grew its holdings in shares of First American Financial by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 10,625,017 shares of the insurance provider’s stock worth $663,426,000 after acquiring an additional 107,925 shares during the last quarter. FMR LLC raised its holdings in First American Financial by 20.8% during the 4th quarter. FMR LLC now owns 6,046,743 shares of the insurance provider’s stock worth $377,559,000 after buying an additional 1,042,145 shares during the period. Dimensional Fund Advisors LP lifted its stake in First American Financial by 3.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,963,516 shares of the insurance provider’s stock valued at $247,481,000 after buying an additional 129,863 shares in the last quarter. Victory Capital Management Inc. lifted its stake in First American Financial by 3.1% during the fourth quarter. Victory Capital Management Inc. now owns 2,573,788 shares of the insurance provider’s stock valued at $160,707,000 after buying an additional 78,022 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of First American Financial by 19.8% in the fourth quarter. Wellington Management Group LLP now owns 1,735,557 shares of the insurance provider’s stock worth $108,368,000 after acquiring an additional 286,711 shares in the last quarter. Institutional investors own 89.05% of the company’s stock.

Insider Transactions at First American Financial

In other news, CFO Mark Edward Seaton sold 12,679 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $64.28, for a total transaction of $815,006.12. Following the completion of the sale, the chief financial officer now owns 195,812 shares in the company, valued at approximately $12,586,795.36. This represents a 6.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Dennis J. Gilmore sold 111,971 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were 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 directly owns 494,574 shares in the company, valued at $31,454,906.40. The trade was 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 in the last 90 days. 3.70% of the stock is owned by insiders.

First American Financial Price Performance

Shares of NYSE FAF opened at $61.78 on Friday. First American Financial Co. has a one year low of $51.85 and a one year high of $70.92. The business’s 50-day moving average price is $62.59 and its two-hundred day moving average price is $63.57. The company has a market capitalization of $6.37 billion, a P/E ratio of 49.42 and a beta of 1.23.

First American Financial (NYSE:FAF) last announced its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.65 by $0.19. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.53 billion. First American Financial had a return on equity of 9.35% and a net margin of 2.14%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 EPS. On average, equities analysts anticipate that First American Financial Co. will post 5.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FAF. Stephens raised their price objective on shares of First American Financial from $73.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Barclays lifted their price target on First American Financial from $69.00 to $72.00 and gave the company an “equal weight” rating in a report on Friday, April 25th. Keefe, Bruyette & Woods raised their price objective on First American Financial from $75.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, April 28th. Finally, StockNews.com downgraded First American Financial from a “buy” rating to a “hold” rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, First American Financial has a consensus rating of “Moderate Buy” and an average target price of $75.00.

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.