Hsbc Holdings PLC Has $1.09 Million Position in First American Financial Co. (NYSE:FAF)

Hsbc Holdings PLC grew its holdings in First American Financial Co. (NYSE:FAF) by 243.8% during the fourth quarter, Holdings Channel reports. The firm owned 17,416 shares of the insurance provider’s stock after acquiring an additional 12,350 shares during the quarter. Hsbc Holdings PLC’s holdings in First American Financial were worth $1,085,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. UMB Bank n.a. boosted its holdings 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 buying an additional 210 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in First American Financial by 57.6% during the fourth quarter. Jones Financial Companies Lllp now owns 670 shares of the insurance provider’s stock worth $42,000 after acquiring an additional 245 shares in the last quarter. GAMMA Investing LLC grew its holdings in First American Financial by 34.9% in the fourth quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider’s stock worth $67,000 after purchasing an additional 277 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of First American Financial by 14.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,340 shares of the insurance provider’s stock valued at $84,000 after purchasing an additional 173 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of First American Financial by 18.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,510 shares of the insurance provider’s stock worth $94,000 after purchasing an additional 230 shares in the last quarter. Institutional investors own 89.05% of the company’s stock.

First American Financial Stock Up 2.1 %

Shares of NYSE:FAF opened at $61.78 on Friday. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 49.42 and a beta of 1.23. The business’s 50 day moving average is $62.59 and its 200 day moving average is $63.57. First American Financial Co. has a 12-month low of $51.85 and a 12-month high of $70.92.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Keefe, Bruyette & Woods boosted their target price on First American Financial from $75.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, April 28th. Barclays boosted their price objective 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. StockNews.com cut First American Financial from a “buy” rating to a “hold” rating in a report on Friday. Finally, Stephens boosted their price target 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.00.

Insider Buying and Selling at First American Financial

In other news, CFO Mark Edward Seaton sold 12,679 shares of First American Financial stock in a transaction on Monday, February 24th. The stock was sold at an average price of $64.28, for a total transaction of $815,006.12. Following the sale, the chief financial officer now directly owns 195,812 shares in the company, valued at $12,586,795.36. The trade was a 6.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dennis J. Gilmore sold 111,971 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $63.60, for a total transaction of $7,121,355.60. Following the transaction, the director now owns 494,574 shares of the company’s stock, valued at approximately $31,454,906.40. The trade was a 18.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 127,707 shares of company stock worth $8,136,565. Insiders own 3.70% of the company’s stock.

First American Financial Profile

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.