Strs Ohio Sells 20,000 Shares of First American Corporation (The) (FAF)

Strs Ohio lowered its stake in First American Corporation (The) (NYSE:FAF) by 22.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 70,000 shares of the insurance provider’s stock after selling 20,000 shares during the quarter. Strs Ohio owned approximately 0.06% of First American Corporation (The) worth $3,497,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Creative Planning lifted its stake in First American Corporation (The) by 5.3% in the 2nd quarter. Creative Planning now owns 2,284 shares of the insurance provider’s stock valued at $102,000 after buying an additional 114 shares in the last quarter. First Bank & Trust raised its holdings in First American Corporation (The) by 46.6% in the 2nd quarter. First Bank & Trust now owns 2,622 shares of the insurance provider’s stock valued at $117,000 after acquiring an additional 833 shares during the last quarter. Acrospire Investment Management LLC raised its holdings in First American Corporation (The) by 352.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,696 shares of the insurance provider’s stock valued at $120,000 after acquiring an additional 2,100 shares during the last quarter. Quantbot Technologies LP raised its holdings in First American Corporation (The) by 78.1% in the 2nd quarter. Quantbot Technologies LP now owns 3,061 shares of the insurance provider’s stock valued at $136,000 after acquiring an additional 1,342 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in First American Corporation (The) by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,808 shares of the insurance provider’s stock valued at $170,000 after acquiring an additional 298 shares during the last quarter. 83.92% of the stock is currently owned by hedge funds and other institutional investors.

First American Corporation (FAF) opened at 54.42 on Wednesday. The firm has a market capitalization of $6.03 billion, a P/E ratio of 16.50 and a beta of 0.69. The firm has a 50-day moving average price of $50.26 and a 200 day moving average price of $46.37. First American Corporation has a one year low of $35.28 and a one year high of $54.48.

First American Corporation (The) (NYSE:FAF) last posted its quarterly earnings data on Thursday, October 26th. The insurance provider reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.12. First American Corporation (The) had a net margin of 4.88% and a return on equity of 14.30%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the business posted $0.96 EPS. The company’s revenue was up .7% on a year-over-year basis. Equities research analysts anticipate that First American Corporation will post $3.38 earnings per share for the current year.

Several brokerages have weighed in on FAF. Zacks Investment Research upgraded First American Corporation (The) from a “hold” rating to a “strong-buy” rating and set a $61.00 price target for the company in a report on Monday. Barclays PLC boosted their price target on First American Corporation (The) from $52.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, October 27th.

In related news, CFO Mark Edward Seaton sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $48.33, for a total value of $338,310.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.10% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Strs Ohio Sells 20,000 Shares of First American Corporation (The) (FAF)” was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.com-unik.info/2017/11/01/strs-ohio-sells-20000-shares-of-first-american-corporation-the-faf.html.

First American Corporation (The) 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.

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

What are top analysts saying about First American Corporation (The)? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for First American Corporation (The) and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit