Principal Financial Group Inc. Has $13.71 Million Stake in First American Financial Corporation $FAF

Principal Financial Group Inc. lifted its stake in First American Financial Corporation (NYSE:FAF) by 3.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 227,459 shares of the insurance provider’s stock after purchasing an additional 8,386 shares during the period. Principal Financial Group Inc. owned 0.22% of First American Financial worth $13,714,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in FAF. Duncker Streett & Co. Inc. increased its position in shares of First American Financial by 616.4% during the first quarter. Duncker Streett & Co. Inc. now owns 437 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 376 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in shares of First American Financial in the fourth quarter valued at approximately $27,000. Global Retirement Partners LLC raised its holdings in First American Financial by 1,107.5% in the 4th quarter. Global Retirement Partners LLC now owns 483 shares of the insurance provider’s stock valued at $30,000 after buying an additional 443 shares during the last quarter. Danske Bank A S acquired a new stake in First American Financial during the 3rd quarter worth approximately $45,000. Finally, IFP Advisors Inc boosted its holdings in First American Financial by 568.8% in the fourth quarter. IFP Advisors Inc now owns 749 shares of the insurance provider’s stock worth $46,000 after acquiring an additional 637 shares in the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Barclays upped their price target on First American Financial from $80.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Wall Street Zen cut First American Financial from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of First American Financial in a report on Monday. Benchmark started coverage on shares of First American Financial in a research report on Tuesday. They set a “buy” rating and a $85.00 price objective on the stock. Finally, Zacks Research cut First American Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $84.20.

First American Financial News Summary

Here are the key news stories impacting First American Financial this week:

• Positive Sentiment: FAF beat second-quarter expectations, reporting $2.08 in EPS versus the $1.80 consensus and revenue of $2.11 billion versus $2.03 billion expected, helped by commercial title strength, higher investment income, and better average revenue per order. Article Title
• Positive Sentiment: Benchmark Co. initiated coverage with a Buy rating and an $85 price target, implying meaningful upside from recent trading levels. Article Title
• Neutral Sentiment: Several transcript and earnings-snapshot articles from Benzinga, Seeking Alpha, and other outlets mainly repeat the same strong quarterly results and conference call details, reinforcing the upbeat but not materially new narrative. Article Title
• Neutral Sentiment: Zacks Research nudged some future EPS estimates higher for 2027 and 2028, but cut its Q1 2027 forecast, leaving the longer-term outlook mixed while maintaining a Hold rating. Article Title

First American Financial Trading Down 2.0%

First American Financial stock opened at $69.08 on Friday. First American Financial Corporation has a 12-month low of $56.20 and a 12-month high of $73.50. The firm has a 50-day moving average price of $68.22 and a 200-day moving average price of $65.91. The firm has a market capitalization of $7.04 billion, a PE ratio of 9.57, a price-to-earnings-growth ratio of 0.69 and a beta of 1.23.

First American Financial (NYSE:FAF) last posted its quarterly earnings results on Wednesday, July 22nd. The insurance provider reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.28. First American Financial had a net margin of 9.33% and a return on equity of 13.43%. The firm had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the business posted $1.53 earnings per share. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. As a group, sell-side analysts predict that First American Financial Corporation will post 6.74 earnings per share for the current fiscal year.

First American Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Monday, June 8th. First American Financial’s dividend payout ratio is 33.79%.

Insider Activity at First American Financial

In other news, SVP Lisa W. Cornehl sold 5,823 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $68.63, for a total value of $399,632.49. Following the transaction, the senior vice president directly owned 29,635 shares of the company’s stock, valued at approximately $2,033,850.05. This trade represents a 16.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.50% of the stock is owned by company insiders.

First American Financial Profile

First American Financial Corporation is a leading provider of title insurance, settlement services and diversified real estate-related data and analytics. Headquartered in Santa Ana, California, the company serves customers throughout the United States as well as in Canada, Europe, Latin America and Asia. Its business is built on the underwriting capabilities of its title insurance operations combined with comprehensive closing and escrow services for homebuyers, sellers, mortgage lenders and real estate professionals.

The company’s title insurance segment issues policies that protect property owners and mortgage lenders against defects in titles, liens or encumbrances that can arise during real property transactions.