First American Financial (FAF) Upgraded to “Weight” by Stephens
First American Financial (NYSE:FAF) was upgraded by equities research analysts at Stephens from an “equal” rating to a “weight” rating in a note issued to investors on Monday, Marketbeat reports.
A number of other equities research analysts have also issued reports on FAF. Zacks Investment Research lowered shares of First American Financial from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Barclays upped their price objective on shares of First American Financial from $52.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. First American Financial currently has an average rating of “Buy” and an average price target of $54.00.
First American Financial (NYSE:FAF) traded up $1.22 during mid-day trading on Monday, hitting $58.77. 560,300 shares of the stock were exchanged, compared to its average volume of 721,575. First American Financial has a twelve month low of $36.62 and a twelve month high of $58.84. The firm has a market capitalization of $6,660.00, a price-to-earnings ratio of 23.23, a P/E/G ratio of 1.20 and a beta of 0.74.
In other First American Financial news, CEO Dennis J. Gilmore sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $54.97, for a total value of $5,497,000.00. Following the transaction, the chief executive officer now owns 611,141 shares in the company, valued at approximately $33,594,420.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Kenneth D. Degiorgio sold 7,337 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $55.11, for a total transaction of $404,342.07. The disclosure for this sale can be found here. In the last quarter, insiders sold 193,161 shares of company stock worth $10,639,325. Company insiders own 3.10% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Boston Partners grew its position in First American Financial by 1.7% in the third quarter. Boston Partners now owns 694,238 shares of the insurance provider’s stock worth $34,692,000 after acquiring an additional 11,600 shares in the last quarter. Vident Investment Advisory LLC grew its position in First American Financial by 5.5% in the third quarter. Vident Investment Advisory LLC now owns 59,091 shares of the insurance provider’s stock worth $2,952,000 after acquiring an additional 3,078 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in First American Financial by 6.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 494,766 shares of the insurance provider’s stock worth $22,112,000 after acquiring an additional 28,135 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in First American Financial in the third quarter worth approximately $387,000. Finally, Phocas Financial Corp. grew its position in First American Financial by 130.1% in the second quarter. Phocas Financial Corp. now owns 254,578 shares of the insurance provider’s stock worth $11,377,000 after acquiring an additional 143,941 shares in the last quarter. Hedge funds and other institutional investors own 83.35% of the company’s stock.
First American Financial Company Profile
First American Financial Corporation, through its subsidiaries, is engaged in the business of providing financial services. The Company operates through the title insurance and services segment, and specialty insurance segment. The title insurance and services segment provides title insurance, closing and/or escrow services and similar or related services domestically and internationally in connection with residential and commercial real estate transactions.
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