Eqis Capital Management Inc. lifted its stake in shares of First American Corporation (The) (NYSE:FAF) by 12.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,151 shares of the insurance provider’s stock after purchasing an additional 5,196 shares during the quarter. Eqis Capital Management Inc.’s holdings in First American Corporation (The) were worth $2,406,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas grew its holdings in First American Corporation (The) by 0.4% during the second quarter. Teacher Retirement System of Texas now owns 8,813 shares of the insurance provider’s stock worth $394,000 after acquiring an additional 32 shares during the period. World Asset Management Inc grew its holdings in First American Corporation (The) by 0.8% during the second quarter. World Asset Management Inc now owns 7,480 shares of the insurance provider’s stock worth $334,000 after acquiring an additional 61 shares during the period. Creative Planning grew its holdings in First American Corporation (The) by 5.3% during the second quarter. Creative Planning now owns 2,284 shares of the insurance provider’s stock worth $102,000 after acquiring an additional 114 shares during the period. Janney Montgomery Scott LLC grew its holdings in First American Corporation (The) by 0.3% during the second quarter. Janney Montgomery Scott LLC now owns 47,714 shares of the insurance provider’s stock worth $2,132,000 after acquiring an additional 134 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in First American Corporation (The) by 0.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 28,128 shares of the insurance provider’s stock worth $1,105,000 after acquiring an additional 248 shares during the period. Institutional investors and hedge funds own 83.15% of the company’s stock.

Separately, Zacks Investment Research lowered First American Corporation (The) from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th.

In related news, CFO Mark Edward Seaton sold 7,000 shares of First American Corporation (The) stock in a transaction on Friday, August 18th. The stock was sold at an average price of $48.33, for a total value of $338,310.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.10% of the company’s stock.

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First American Corporation (FAF) traded down 0.02% during mid-day trading on Thursday, reaching $50.36. The company’s stock had a trading volume of 31,458 shares. First American Corporation has a 1-year low of $35.28 and a 1-year high of $50.98. The company has a market capitalization of $5.58 billion, a PE ratio of 15.27 and a beta of 0.69. The firm has a 50 day moving average price of $49.37 and a 200-day moving average price of $45.50.

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

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)

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