Financial Engines Advisors L.L.C. lowered its stake in shares of First American Corporation (The) (NYSE:FAF) by 37.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,133 shares of the insurance provider’s stock after selling 21,975 shares during the period. Financial Engines Advisors L.L.C.’s holdings in First American Corporation (The) were worth $1,659,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Creative Planning raised its position in shares of 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 buying an additional 114 shares during the period. First Bank & Trust raised its position in shares of 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 buying an additional 833 shares during the period. Glen Harbor Capital Management LLC raised its position in shares of First American Corporation (The) by 2.8% in the first quarter. Glen Harbor Capital Management LLC now owns 2,960 shares of the insurance provider’s stock valued at $116,000 after buying an additional 80 shares during the period. Tyers Asset Management LLC raised its position in shares of First American Corporation (The) by 2.8% in the first quarter. Tyers Asset Management LLC now owns 4,070 shares of the insurance provider’s stock valued at $160,000 after buying an additional 110 shares during the period. Finally, Daiwa Securities Group Inc. bought a new position in First American Corporation (The) during the first quarter valued at about $169,000. Hedge funds and other institutional investors own 84.23% of the company’s stock.

First American Corporation (FAF) opened at 47.86 on Friday. First American Corporation has a 52-week low of $35.28 and a 52-week high of $49.48. The company’s 50-day moving average price is $46.26 and its 200 day moving average price is $41.81. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 14.51 and a beta of 0.73.

First American Corporation (The) (NYSE:FAF) last issued its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $1.41 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities analysts expect that First American Corporation will post $3.46 EPS for the current fiscal year.

WARNING: “Financial Engines Advisors L.L.C. Sells 21,975 Shares of First American Corporation (The) (FAF)” was published by Watch List News and is the sole property of of Watch List News. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.watchlistnews.com/financial-engines-advisors-l-l-c-sells-21975-shares-of-first-american-corporation-the-faf/1474162.html.

FAF has been the topic of several recent research reports. Zacks Investment Research upgraded First American Corporation (The) from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Monday, May 1st. Keefe, Bruyette & Woods restated a “hold” rating and set a $39.00 price target on shares of First American Corporation (The) in a research report on Wednesday, April 19th. Finally, BidaskClub upgraded First American Corporation (The) from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th.

About First American Corporation (The)

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.

Want to see what other hedge funds are holding FAF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First American Corporation (The) (NYSE:FAF).

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

Receive News & Ratings for First American Corporation (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First American Corporation (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.