Versor Investments LP Increases Holdings in First American Financial Corporation $FAF

Versor Investments LP grew its holdings in First American Financial Corporation (NYSE:FAF) by 148.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 31,870 shares of the insurance provider’s stock after acquiring an additional 19,029 shares during the period. Versor Investments LP’s holdings in First American Financial were worth $1,958,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in shares of First American Financial in the fourth quarter valued at about $27,000. First Horizon Corp purchased a new position in shares of First American Financial in the third quarter valued at about $37,000. Danske Bank A S purchased a new position in shares of First American Financial in the third quarter valued at about $45,000. Advisory Services Network LLC purchased a new position in shares of First American Financial in the third quarter valued at about $52,000. Finally, Clearstead Advisors LLC lifted its position in shares of First American Financial by 33.0% in the third quarter. Clearstead Advisors LLC now owns 859 shares of the insurance provider’s stock worth $55,000 after buying an additional 213 shares in the last quarter. 89.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FAF shares. Stephens boosted their target price on First American Financial from $81.00 to $84.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Truist Financial boosted their target price on First American Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of First American Financial in a research report on Friday, February 13th. Zacks Research upgraded First American Financial from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Finally, Wall Street Zen downgraded First American Financial from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to MarketBeat, First American Financial currently has an average rating of “Buy” and a consensus target price of $82.50.

Insider Buying and Selling

In other news, Director Margaret M. Mccarthy sold 6,630 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $70.59, for a total value of $468,011.70. Following the completion of the sale, the director owned 24,024 shares of the company’s stock, valued at $1,695,854.16. This trade represents a 21.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Lisa W. Cornehl sold 5,823 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $68.63, for a total value of $399,632.49. Following the completion of the sale, the senior vice president directly owned 29,635 shares of the company’s stock, valued at $2,033,850.05. The trade was a 16.42% decrease in their position. The SEC filing for this sale provides additional information. 3.50% of the stock is currently owned by company insiders.

First American Financial Stock Down 3.6%

FAF opened at $68.45 on Tuesday. The business has a fifty day moving average of $64.79 and a 200 day moving average of $64.05. First American Financial Corporation has a 52-week low of $53.09 and a 52-week high of $71.47. The stock has a market cap of $6.97 billion, a P/E ratio of 10.51, a PEG ratio of 0.69 and a beta of 1.28.

First American Financial (NYSE:FAF) last announced its quarterly earnings data on Wednesday, April 22nd. The insurance provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.27. First American Financial had a return on equity of 12.58% and a net margin of 8.73%.The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the firm earned $0.84 earnings per share. First American Financial’s revenue was up 16.2% compared to the same quarter last year. Equities analysts anticipate that First American Financial Corporation will post 6.72 EPS for the current fiscal year.

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.