Natixis Advisors LLC Sells 21,767 Shares of First American Financial Co. (NYSE:FAF)

Natixis Advisors LLC cut its holdings in shares of First American Financial Co. (NYSE:FAF) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 342,969 shares of the insurance provider’s stock after selling 21,767 shares during the quarter. Natixis Advisors LLC’s holdings in First American Financial were worth $21,415,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Parkside Financial Bank & Trust raised its holdings in First American Financial by 14.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,340 shares of the insurance provider’s stock valued at $84,000 after acquiring an additional 173 shares during the period. CIBC Asset Management Inc raised its holdings in First American Financial by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 3,247 shares of the insurance provider’s stock valued at $203,000 after acquiring an additional 179 shares during the period. UMB Bank n.a. raised its holdings in First American Financial by 66.9% during 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 during the period. Jones Financial Companies Lllp raised its holdings 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 valued at $42,000 after acquiring an additional 245 shares during the period. Finally, Empowered Funds LLC raised its holdings in First American Financial by 6.7% during the fourth quarter. Empowered Funds LLC now owns 4,076 shares of the insurance provider’s stock valued at $255,000 after acquiring an additional 256 shares during the period. 89.05% of the stock is owned by institutional investors.

Insider Buying and Selling

In other First American Financial news, Director Dennis J. Gilmore sold 111,971 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $63.60, for a total transaction 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. The trade was a 18.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Lisa W. Cornehl sold 3,057 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 23,825 shares of the company’s stock, valued at $1,560,299.25. This trade represents a 11.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 127,707 shares of company stock worth $8,136,565. Corporate insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

FAF has been the topic of several research reports. Keefe, Bruyette & Woods lifted their target price on First American Financial from $74.00 to $75.00 and gave the stock a “market perform” rating in a report on Tuesday, February 18th. Stephens lifted their target price on First American Financial from $73.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, February 14th.

First American Financial Trading Up 1.8 %

Shares of FAF stock opened at $64.98 on Tuesday. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 51.99 and a beta of 1.34. First American Financial Co. has a 12-month low of $51.60 and a 12-month high of $70.92. The stock’s 50-day moving average price is $62.90 and its 200-day moving average price is $64.34.

First American Financial (NYSE:FAF) last released its quarterly earnings results on Wednesday, February 12th. The insurance provider reported $1.35 EPS for the quarter, topping the consensus estimate of $1.13 by $0.22. First American Financial had a return on equity of 9.35% and a net margin of 2.14%. As a group, research analysts predict that First American Financial Co. will post 5.35 EPS for the current fiscal year.

First American Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $0.54 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.16 annualized dividend and a yield of 3.32%. First American Financial’s dividend payout ratio is currently 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.