ST Germain D J Co. Inc. Has $16.42 Million Stock Position in First American Financial Corporation $FAF

ST Germain D J Co. Inc. boosted its position in First American Financial Corporation (NYSE:FAF) by 4.1% during the 4th quarter, Holdings Channel reports. The fund owned 267,260 shares of the insurance provider’s stock after buying an additional 10,633 shares during the period. ST Germain D J Co. Inc.’s holdings in First American Financial were worth $16,420,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in shares of First American Financial during the fourth quarter worth approximately $27,000. SJS Investment Consulting Inc. grew its position in First American Financial by 2,887.5% in the 3rd quarter. SJS Investment Consulting Inc. now owns 478 shares of the insurance provider’s stock valued at $31,000 after purchasing an additional 462 shares during the period. First Horizon Corp bought a new stake in First American Financial during the 3rd quarter valued at $37,000. Tripletail Wealth Management LLC acquired a new position in First American Financial during the third quarter worth $41,000. Finally, Danske Bank A S acquired a new position in First American Financial during the third quarter worth $45,000. Institutional investors and hedge funds own 89.05% of the company’s stock.

Insiders Place Their Bets

In other news, Director Parker S. Kennedy bought 44,841 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was acquired at an average cost of $67.85 per share, with a total value of $3,042,461.85. Following the completion of the transaction, the director directly owned 251,552 shares of the company’s stock, valued at $17,067,803.20. This represents a 21.69% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

FAF has been the subject of several recent research reports. Stephens raised shares of First American Financial from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $70.00 to $81.00 in a research report on Monday, March 2nd. Wall Street Zen raised First American Financial from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of First American Financial in a report on Friday, February 13th. Barclays upped their price target on First American Financial from $72.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Weiss Ratings upgraded First American Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $81.75.

First American Financial Stock Performance

NYSE FAF opened at $70.90 on Friday. The company has a market capitalization of $7.25 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 0.71 and a beta of 1.28. First American Financial Corporation has a 52-week low of $53.09 and a 52-week high of $71.47. The company has a 50-day simple moving average of $64.31 and a 200 day simple moving average of $63.40.

First American Financial (NYSE:FAF) last released its earnings results on Wednesday, April 22nd. The insurance provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.27. First American Financial had a net margin of 8.73% and a return on equity of 12.59%. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the company earned $0.84 earnings per share. The company’s quarterly revenue was up 16.2% on a year-over-year basis. As a group, analysts forecast that First American Financial Corporation will post 6.38 EPS for the current fiscal year.

First American Financial Company 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.