Sei Investments Co. Has $2.63 Million Stock Holdings in First American Financial Co. (NYSE:FAF)

Sei Investments Co. raised its holdings in First American Financial Co. (NYSE:FAF) by 19.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 42,195 shares of the insurance provider’s stock after acquiring an additional 6,935 shares during the quarter. Sei Investments Co.’s holdings in First American Financial were worth $2,634,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of FAF. UMB Bank n.a. lifted its position in shares of First American Financial by 66.9% in 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 during the period. Jones Financial Companies Lllp raised 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 buying an additional 245 shares during the last quarter. GAMMA Investing LLC lifted 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 valued at $67,000 after buying an additional 277 shares during the period. Sunbelt Securities Inc. acquired a new stake in First American Financial during the 3rd quarter worth about $75,000. Finally, Parkside Financial Bank & Trust raised its position in shares of First American Financial by 14.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,340 shares of the insurance provider’s stock worth $84,000 after acquiring an additional 173 shares in the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on FAF shares. Stephens raised their target price on First American Financial from $73.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Keefe, Bruyette & Woods boosted their price objective on First American Financial from $74.00 to $75.00 and gave the company a “market perform” rating in a report on Tuesday, February 18th.

Insider Buying and Selling

In other First American Financial news, CFO Mark Edward Seaton sold 12,679 shares of First American Financial stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $64.28, for a total value of $815,006.12. Following the completion of the sale, the chief financial officer now owns 195,812 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Also, Director Dennis J. Gilmore sold 111,971 shares of the firm’s stock in a transaction dated 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 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 valued at $8,136,565 over the last ninety days. Company insiders own 3.70% of the company’s stock.

First American Financial Stock Down 4.8 %

FAF opened at $61.62 on Friday. The business’s fifty day simple moving average is $64.20 and its 200 day simple moving average is $64.39. First American Financial Co. has a 52 week low of $51.60 and a 52 week high of $70.92. The stock has a market cap of $6.35 billion, a PE ratio of 49.30 and a beta of 1.23.

First American Financial (NYSE:FAF) last posted its quarterly earnings results on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share (EPS) for the quarter, beating 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 analysts anticipate 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 given a dividend of $0.54 per share. The ex-dividend date was Monday, March 10th. This represents a $2.16 annualized dividend and a dividend yield of 3.51%. First American Financial’s dividend payout ratio is presently 172.80%.

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.