Leeward Investments LLC MA Has $13.42 Million Holdings in First American Financial Co. (NYSE:FAF)

Leeward Investments LLC MA cut its holdings in First American Financial Co. (NYSE:FAF) by 6.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 214,919 shares of the insurance provider’s stock after selling 15,998 shares during the period. Leeward Investments LLC MA owned approximately 0.21% of First American Financial worth $13,420,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. grew its stake in shares of First American Financial by 66.9% in the fourth quarter. UMB Bank n.a. now owns 524 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 210 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of First American Financial by 132.3% in the third quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 356 shares in the last quarter. Blue Trust Inc. grew its stake in shares of First American Financial by 214.2% in the third quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider’s stock valued at $67,000 after acquiring an additional 696 shares in the last quarter. GAMMA Investing LLC grew its stake in First American Financial by 34.9% during the fourth quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider’s stock worth $67,000 after buying an additional 277 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in First American Financial during the third quarter worth about $75,000. 89.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FAF has been the topic of a number of analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of First American Financial from $74.00 to $75.00 and gave the stock a “market perform” rating in a research note on Tuesday, February 18th. Stephens increased 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. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.50.

Insider Activity at First American Financial

In related news, 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 owns 494,574 shares in the company, valued at $31,454,906.40. This trade represents a 18.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.70% of the stock is owned by company insiders.

First American Financial Trading Up 0.4 %

FAF opened at $63.44 on Friday. The company’s 50 day moving average is $62.52 and its 200-day moving average is $64.07. First American Financial Co. has a 1-year low of $51.60 and a 1-year high of $70.92. The company has a market cap of $6.53 billion, a P/E ratio of 50.75 and a beta of 1.33.

First American Financial (NYSE:FAF) last posted its quarterly earnings results on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.22. First American Financial had a net margin of 2.14% and a return on equity of 9.35%. On average, equities analysts forecast that First American Financial Co. will post 5.35 EPS for the current year.

First American Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a $0.54 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.16 dividend on an annualized basis and a yield of 3.40%. First American Financial’s dividend payout ratio (DPR) is presently 172.80%.

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.