Insider Selling: First American Financial Corp (FAF) COO Sells 35,235 Shares of Stock

First American Financial Corp (NYSE:FAF) COO Christopher Michael Leavell sold 35,235 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $54.44, for a total value of $1,918,193.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of FAF stock traded down $0.48 during mid-day trading on Friday, hitting $54.70. 6,147 shares of the company’s stock were exchanged, compared to its average volume of 475,128. First American Financial Corp has a fifty-two week low of $41.96 and a fifty-two week high of $58.29. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 1.07 and a beta of 0.88.

First American Financial (NYSE:FAF) last posted its quarterly earnings data on Thursday, April 25th. The insurance provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. First American Financial had a return on equity of 14.51% and a net margin of 8.83%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the firm earned $0.67 earnings per share. The business’s revenue was up .5% on a year-over-year basis. As a group, sell-side analysts forecast that First American Financial Corp will post 4.69 EPS for the current year.



The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Friday, June 7th. First American Financial’s dividend payout ratio is presently 36.68%.

Institutional investors and hedge funds have recently modified their holdings of the business. Morgan Stanley boosted its holdings in First American Financial by 15.7% in the third quarter. Morgan Stanley now owns 215,619 shares of the insurance provider’s stock worth $11,124,000 after purchasing an additional 29,312 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in First American Financial by 369.1% during the third quarter. Federated Investors Inc. PA now owns 213,532 shares of the insurance provider’s stock valued at $11,016,000 after acquiring an additional 168,009 shares during the period. Vanguard Group Inc boosted its holdings in First American Financial by 3.0% during the third quarter. Vanguard Group Inc now owns 11,076,254 shares of the insurance provider’s stock valued at $571,423,000 after acquiring an additional 327,142 shares during the period. State of Alaska Department of Revenue boosted its holdings in First American Financial by 2.0% during the fourth quarter. State of Alaska Department of Revenue now owns 11,524 shares of the insurance provider’s stock valued at $514,000 after acquiring an additional 223 shares during the period. Finally, First Hawaiian Bank boosted its holdings in First American Financial by 5.4% during the fourth quarter. First Hawaiian Bank now owns 10,215 shares of the insurance provider’s stock valued at $456,000 after acquiring an additional 520 shares during the period. Institutional investors own 84.26% of the company’s stock.

Several equities analysts have weighed in on FAF shares. Zacks Investment Research raised First American Financial from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research report on Tuesday, April 16th. Compass Point started coverage on First American Financial in a report on Thursday, January 24th. They set a “buy” rating and a $58.00 price objective on the stock. Barclays set a $58.00 price objective on First American Financial and gave the stock a “buy” rating in a report on Friday, February 15th. ValuEngine upgraded First American Financial from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Finally, Piper Jaffray Companies upgraded First American Financial from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $59.00 to $67.00 in a report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. First American Financial currently has a consensus rating of “Buy” and an average price target of $56.58.

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First American Financial Company Profile

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Specialty Insurance segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services.

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