First American Financial Corp. CEO Dennis J. Gilmore Unloads 116,453 Shares (FAF)
First American Financial Corp. (NYSE:FAF) CEO Dennis J. Gilmore sold 116,453 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $25.12, for a total value of $2,925,299.36. Following the sale, the chief executive officer now directly owns 923,761 shares in the company, valued at approximately $23,204,876. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
FAF has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of First American Financial Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 7th. They now have a $30.50 price target on the stock. Separately, analysts at Barclays raised their price target on shares of First American Financial Corp. from $29.00 to $33.00 in a research note to investors on Tuesday, January 7th. They now have an “overweight” rating on the stock. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $30.10.
Shares of First American Financial Corp. (NYSE:FAF) traded down 0.52% on Wednesday, hitting $24.92. 832,371 shares of the company’s stock traded hands. First American Financial Corp. has a 52-week low of $20.39 and a 52-week high of $28.57. The stock’s 50-day moving average is $26.82 and its 200-day moving average is $24.72. The company has a market cap of $2.634 billion and a P/E ratio of 12.05.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 17th. Stockholders of record on Monday, March 10th will be given a dividend of 0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, March 6th.
First American Financial Corporation, through its subsidiaries, is engaged in the business of providing financial services through its title insurance and services segment and its specialty insurance segment.
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