Captrust Financial Advisors Grows Stock Holdings in First American Financial Co. (NYSE:FAF)

Captrust Financial Advisors grew its holdings in First American Financial Co. (NYSE:FAF) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,372 shares of the insurance provider’s stock after purchasing an additional 442 shares during the quarter. Captrust Financial Advisors’ holdings in First American Financial were worth $460,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Parkside Financial Bank & Trust lifted its stake in 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 purchasing an additional 173 shares in the last quarter. CIBC Asset Management Inc lifted its stake in First American Financial by 5.8% in the 4th quarter. CIBC Asset Management Inc now owns 3,247 shares of the insurance provider’s stock worth $203,000 after purchasing an additional 179 shares in the last quarter. UMB Bank n.a. lifted its stake in 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 in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings 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 buying an additional 230 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of First American Financial by 0.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 84,344 shares of the insurance provider’s stock worth $5,266,000 after buying an additional 230 shares during the last quarter. 89.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FAF has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of First American Financial from $69.00 to $72.00 and gave the stock an “equal weight” rating in a report on Friday, April 25th. Stephens raised their price target on shares of First American Financial from $73.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. StockNews.com downgraded shares of First American Financial from a “buy” rating to a “hold” rating in a report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods raised their price target on shares of First American Financial from $75.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, April 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, First American Financial presently has an average rating of “Moderate Buy” and a consensus price target of $75.00.

First American Financial Stock Performance

First American Financial stock opened at $60.92 on Monday. First American Financial Co. has a fifty-two week low of $51.85 and a fifty-two week high of $70.92. The firm has a 50 day moving average price of $61.87 and a 200 day moving average price of $63.28. The company has a market capitalization of $6.27 billion, a PE ratio of 48.74 and a beta of 1.29.

First American Financial (NYSE:FAF) last posted its earnings results on Wednesday, April 23rd. The insurance provider reported $0.84 earnings per share for the quarter, beating 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 the consensus estimate of $1.53 billion. During the same quarter last year, the firm earned $0.45 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities research analysts forecast that First American Financial Co. will post 5.35 earnings per share for the current year.

First American Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Monday, June 9th. This represents a $2.16 annualized dividend and a yield of 3.55%. First American Financial’s dividend payout ratio (DPR) is presently 143.05%.

Insider Activity at First American Financial

In other First American Financial news, SVP Lisa W. Cornehl sold 3,057 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $65.49, for a total value of $200,202.93. Following the completion of the transaction, the senior vice president now owns 23,825 shares in the company, valued at $1,560,299.25. The trade was a 11.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Mark Edward Seaton sold 12,679 shares of the business’s 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 completion of the transaction, the chief financial officer now owns 195,812 shares of the company’s stock, valued at approximately $12,586,795.36. This trade represents a 6.08% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

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.