First American Financial Corporation $FAF Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in First American Financial Corporation (NYSE:FAF) by 3.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 227,459 shares of the insurance provider’s stock after purchasing an additional 8,386 shares during the period. Principal Financial Group Inc.’s holdings in First American Financial were worth $13,714,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Boston Partners increased its holdings in shares of First American Financial by 8.9% during the 3rd quarter. Boston Partners now owns 6,133,594 shares of the insurance provider’s stock worth $393,690,000 after buying an additional 500,649 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in First American Financial by 4,485,375.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,786,263 shares of the insurance provider’s stock valued at $355,508,000 after acquiring an additional 5,786,134 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in First American Financial by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,391,185 shares of the insurance provider’s stock valued at $269,799,000 after acquiring an additional 97,612 shares during the last quarter. Capital Research Global Investors grew its holdings in First American Financial by 3.3% during the 4th quarter. Capital Research Global Investors now owns 3,415,825 shares of the insurance provider’s stock worth $209,868,000 after acquiring an additional 109,242 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of First American Financial by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 1,793,179 shares of the insurance provider’s stock valued at $110,200,000 after purchasing an additional 19,752 shares during the period. Hedge funds and other institutional investors own 89.05% of the company’s stock.

Insider Transactions at First American Financial

In other First American Financial news, SVP Lisa W. Cornehl sold 5,823 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $68.63, for a total transaction of $399,632.49. Following the sale, the senior vice president directly owned 29,635 shares in the company, valued at approximately $2,033,850.05. This trade represents a 16.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.50% of the company’s stock.

First American Financial Trading Down 2.0%

FAF stock opened at $69.08 on Friday. First American Financial Corporation has a 1-year low of $56.20 and a 1-year high of $73.50. The firm has a market cap of $7.04 billion, a PE ratio of 9.57, a P/E/G ratio of 0.69 and a beta of 1.23. The business’s 50-day moving average price is $68.22 and its two-hundred day moving average price is $65.91.

First American Financial (NYSE:FAF) last announced its quarterly earnings results on Wednesday, July 22nd. The insurance provider reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.28. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.03 billion. First American Financial had a return on equity of 13.43% and a net margin of 9.33%.The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.53 earnings per share. On average, analysts forecast that First American Financial Corporation will post 6.74 earnings per share for the current year.

First American Financial Announces Dividend

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

Trending Headlines about First American Financial

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of First American Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Zacks Research lowered First American Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Stephens reiterated an “overweight” rating and issued a $84.00 target price on shares of First American Financial in a report on Friday, June 12th. Truist Financial upped their price target on shares of First American Financial from $82.00 to $85.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Keefe, Bruyette & Woods lowered their price target on First American Financial from $87.00 to $84.00 and set an “outperform” rating on the stock in a research report on Thursday, June 25th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.20.

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.