Edge Advisors LLC Has $2.60 Million Position in First American Corporation (The) (FAF)

Edge Advisors LLC boosted its holdings in First American Corporation (The) (NYSE:FAF) by 3.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,013 shares of the insurance provider’s stock after acquiring an additional 1,638 shares during the quarter. Edge Advisors LLC’s holdings in First American Corporation (The) were worth $2,597,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning increased its stake in First American Corporation (The) by 5.3% in the second quarter. Creative Planning now owns 2,284 shares of the insurance provider’s stock valued at $102,000 after acquiring an additional 114 shares during the period. First Bank & Trust increased its stake in First American Corporation (The) by 46.6% in the second 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 period. Acrospire Investment Management LLC increased its stake in First American Corporation (The) by 352.3% in the second 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 period. Quantbot Technologies LP increased its stake in First American Corporation (The) by 78.1% in the second 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 period. Finally, Macquarie Group Ltd. bought a new stake in First American Corporation (The) in the third quarter valued at about $190,000. 83.30% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on the stock. Zacks Investment Research cut shares of First American Corporation (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Barclays PLC upped their price objective on shares of First American Corporation (The) from $52.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th.

Shares of First American Corporation (FAF) traded up $0.16 during trading on Tuesday, reaching $54.62. 302,700 shares of the company’s stock traded hands, compared to its average volume of 587,599. The company has a market capitalization of $6,100.00, a PE ratio of 15.47, a price-to-earnings-growth ratio of 1.19 and a beta of 0.74. First American Corporation has a 1 year low of $35.28 and a 1 year high of $56.40.

First American Corporation (The) (NYSE:FAF) last issued its quarterly earnings data on Thursday, October 26th. The insurance provider reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.12. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.51 billion. First American Corporation (The) had a net margin of 4.88% and a return on equity of 14.30%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. research analysts anticipate that First American Corporation will post 3.51 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 8th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.52 annualized dividend and a yield of 2.78%. First American Corporation (The)’s dividend payout ratio is 60.08%.

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In other news, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Dennis J. Gilmore sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $54.97, for a total transaction of $5,497,000.00. Following the transaction, the chief executive officer now owns 611,141 shares in the company, valued at $33,594,420.77. The disclosure for this sale can be found here. Insiders have sold 117,318 shares of company stock worth $6,449,000 over the last ninety days. Insiders own 3.10% of the company’s stock.

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

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