American Century Companies Inc. Acquires 229 Shares of First American Financial Corporation $FAF

American Century Companies Inc. increased its holdings in shares of First American Financial Corporation (NYSE:FAF) by 0.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,006 shares of the insurance provider’s stock after purchasing an additional 229 shares during the period. American Century Companies Inc.’s holdings in First American Financial were worth $2,823,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in shares of First American Financial by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,150,660 shares of the insurance provider’s stock valued at $272,406,000 after purchasing an additional 187,144 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in First American Financial in the 1st quarter valued at approximately $1,810,000. Vestmark Advisory Solutions Inc. lifted its stake in First American Financial by 21.6% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 10,755 shares of the insurance provider’s stock valued at $706,000 after acquiring an additional 1,910 shares in the last quarter. Boston Partners lifted its stake in First American Financial by 23.0% in the 1st quarter. Boston Partners now owns 4,692,258 shares of the insurance provider’s stock valued at $307,181,000 after acquiring an additional 876,874 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in First American Financial by 3.5% in the 1st quarter. HighTower Advisors LLC now owns 8,638 shares of the insurance provider’s stock valued at $567,000 after acquiring an additional 290 shares in the last quarter. Institutional investors own 89.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Barclays cut their target price on First American Financial from $72.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 8th. Wall Street Zen raised First American Financial from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Keefe, Bruyette & Woods boosted their price target on First American Financial from $77.00 to $79.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, First American Financial has an average rating of “Moderate Buy” and a consensus price target of $75.00.

First American Financial Trading Up 0.9%

FAF stock opened at $66.04 on Monday. The firm has a market capitalization of $6.72 billion, a PE ratio of 36.49 and a beta of 1.26. First American Financial Corporation has a 1-year low of $53.09 and a 1-year high of $70.92. The business’s 50 day simple moving average is $61.58 and its 200 day simple moving average is $61.18.

First American Financial (NYSE:FAF) last posted its earnings results on Wednesday, July 23rd. The insurance provider reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.13. First American Financial had a return on equity of 10.41% and a net margin of 2.90%.The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the firm earned $1.27 EPS. The firm’s revenue was up 14.2% compared to the same quarter last year. As a group, sell-side analysts predict that First American Financial Corporation will post 5.35 EPS for the current fiscal year.

First American Financial announced that its board has authorized a share repurchase plan on Wednesday, July 23rd that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the insurance provider to repurchase up to 5.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other First American Financial news, Director Margaret M. Mccarthy sold 3,500 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $65.63, for a total value of $229,705.00. Following the transaction, the director directly owned 28,095 shares of the company’s stock, valued at $1,843,874.85. This represents a 11.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

First American Financial Company 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.