HighVista Strategies LLC bought a new position in shares of First American Corporation (The) (NYSE:FAF) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,400 shares of the insurance provider’s stock, valued at approximately $331,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FAF. BlackRock Inc. increased its position in shares of First American Corporation (The) by 3,956.3% during the first quarter. BlackRock Inc. now owns 9,926,367 shares of the insurance provider’s stock worth $389,909,000 after purchasing an additional 9,681,653 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of First American Corporation (The) during the second quarter worth about $76,312,000. Citadel Advisors LLC increased its position in shares of First American Corporation (The) by 387.1% during the first quarter. Citadel Advisors LLC now owns 883,744 shares of the insurance provider’s stock worth $34,713,000 after purchasing an additional 702,311 shares in the last quarter. FMR LLC increased its position in shares of First American Corporation (The) by 7.6% during the second quarter. FMR LLC now owns 9,564,140 shares of the insurance provider’s stock worth $427,422,000 after purchasing an additional 675,763 shares in the last quarter. Finally, Hamlin Capital Management LLC increased its position in shares of First American Corporation (The) by 37.1% during the second quarter. Hamlin Capital Management LLC now owns 1,411,501 shares of the insurance provider’s stock worth $63,080,000 after purchasing an additional 382,145 shares in the last quarter. Institutional investors and hedge funds own 83.16% of the company’s stock.

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A number of analysts have recently commented on the company. Zacks Investment Research cut First American Corporation (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th. BidaskClub upgraded First American Corporation (The) from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th.

First American Corporation (NYSE:FAF) traded up 0.58% during mid-day trading on Friday, hitting $49.97. The stock had a trading volume of 477,338 shares. The stock has a market cap of $5.53 billion, a P/E ratio of 15.15 and a beta of 0.72. The company has a 50 day moving average price of $48.48 and a 200 day moving average price of $43.81. First American Corporation has a one year low of $35.28 and a one year high of $49.99.

First American Corporation (The) (NYSE:FAF) last issued its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.09 EPS for the quarter, topping the consensus estimate of $0.91 by $0.18. First American Corporation (The) had a net margin of 6.38% and a return on equity of 12.22%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the company posted $0.92 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, equities analysts anticipate that First American Corporation will post $3.40 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 8th were given a dividend of $0.38 per share. This is a boost from First American Corporation (The)’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.52 annualized dividend and a dividend yield of 3.04%. First American Corporation (The)’s dividend payout ratio (DPR) is presently 46.06%.

In other news, CFO Mark Edward Seaton sold 7,000 shares of the stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $48.33, for a total transaction of $338,310.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.10% of the company’s stock.

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.

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

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