First American Financial Corp (FAF) Stake Increased by First Trust Advisors LP

First Trust Advisors LP raised its position in First American Financial Corp (NYSE:FAF) by 39.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 322,627 shares of the insurance provider’s stock after acquiring an additional 91,722 shares during the period. First Trust Advisors LP owned approximately 0.29% of First American Financial worth $16,644,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FAF. BlackRock Inc. lifted its stake in shares of First American Financial by 5.7% in the 2nd quarter. BlackRock Inc. now owns 10,865,847 shares of the insurance provider’s stock worth $561,982,000 after acquiring an additional 586,268 shares during the period. Principal Financial Group Inc. lifted its stake in shares of First American Financial by 70.7% in the 1st quarter. Principal Financial Group Inc. now owns 966,832 shares of the insurance provider’s stock worth $56,733,000 after acquiring an additional 400,378 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of First American Financial by 791.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 440,727 shares of the insurance provider’s stock worth $22,794,000 after acquiring an additional 391,283 shares during the period. Victory Capital Management Inc. lifted its stake in shares of First American Financial by 23.3% in the 2nd quarter. Victory Capital Management Inc. now owns 2,031,575 shares of the insurance provider’s stock worth $105,073,000 after acquiring an additional 384,319 shares during the period. Finally, First Quadrant L P CA lifted its stake in shares of First American Financial by 44.0% in the 2nd quarter. First Quadrant L P CA now owns 540,352 shares of the insurance provider’s stock worth $27,947,000 after acquiring an additional 165,229 shares during the period. Institutional investors own 83.38% of the company’s stock.

Shares of NYSE FAF opened at $46.56 on Friday. First American Financial Corp has a 52 week low of $41.96 and a 52 week high of $62.71. The stock has a market capitalization of $5.21 billion, a P/E ratio of 10.86, a P/E/G ratio of 0.80 and a beta of 0.84.

First American Financial (NYSE:FAF) last announced its quarterly earnings data on Thursday, October 25th. The insurance provider reported $1.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.28 by ($0.02). First American Financial had a net margin of 10.39% and a return on equity of 13.68%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. Research analysts forecast that First American Financial Corp will post 4.47 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 10th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Friday, December 7th. First American Financial’s dividend payout ratio (DPR) is 61.09%.

FAF has been the subject of several recent analyst reports. Zacks Investment Research cut shares of First American Financial from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. ValuEngine cut shares of First American Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Keefe, Bruyette & Woods upgraded shares of First American Financial from a “market perform” rating to an “outperform” rating and set a $39.00 price objective for the company in a research note on Monday, July 16th. Finally, Piper Jaffray Companies raised their price objective on shares of First American Financial from $63.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, July 27th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $57.50.

In related news, EVP Kenneth D. Degiorgio sold 13,871 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $57.25, for a total value of $794,114.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthew F. Wajner sold 4,982 shares of First American Financial stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $57.29, for a total transaction of $285,418.78. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

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First American Financial Profile

First American Financial Corp. operates as an insurance company. It provides title insurance and settlement services to the real estate and mortgage industries. The company operates its business through the following segments: Title Insurance & Services and Specialty Insurance. The Title Insurance & Services segment provides title insurance, escrow, closing services and similar or related financial services domestically and internationally in connection with residential and commercial real estate transactions.

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Institutional Ownership by Quarter for First American Financial (NYSE:FAF)

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