First American Corporation (The) (NYSE:FAF) CFO Mark Edward Seaton sold 9,981 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $54.87, for a total transaction of $547,657.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Mark Edward Seaton also recently made the following trade(s):

  • On Friday, August 18th, Mark Edward Seaton sold 7,000 shares of First American Corporation (The) stock. The stock was sold at an average price of $48.33, for a total transaction of $338,310.00.

Shares of First American Corporation (NYSE FAF) traded down $0.60 during trading hours on Friday, hitting $54.25. 604,107 shares of the stock were exchanged, compared to its average volume of 590,059. The company has a market cap of $6,040.00, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 1.20 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 results on Thursday, October 26th. The insurance provider reported $1.12 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.12. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. First American Corporation (The) had a net margin of 4.88% and a return on equity of 14.30%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 EPS. analysts anticipate that First American Corporation will post 3.52 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 8th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Thursday, December 7th. First American Corporation (The)’s payout ratio is 60.08%.

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Several large investors have recently modified their holdings of the company. Teacher Retirement System of Texas increased its holdings in shares of First American Corporation (The) by 0.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 8,813 shares of the insurance provider’s stock worth $394,000 after buying an additional 32 shares during the last quarter. World Asset Management Inc increased its holdings in shares of First American Corporation (The) by 0.8% in the 2nd quarter. World Asset Management Inc now owns 7,480 shares of the insurance provider’s stock worth $334,000 after buying an additional 61 shares during the last quarter. Creative Planning increased its holdings in shares of First American Corporation (The) by 5.3% in the 2nd quarter. Creative Planning now owns 2,284 shares of the insurance provider’s stock worth $102,000 after buying an additional 114 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of First American Corporation (The) by 0.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 47,714 shares of the insurance provider’s stock worth $2,132,000 after buying an additional 134 shares during the last quarter. Finally, Forward Management LLC increased its holdings in shares of First American Corporation (The) by 3.3% in the 2nd quarter. Forward Management LLC now owns 8,279 shares of the insurance provider’s stock worth $370,000 after buying an additional 267 shares during the last quarter. 83.59% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have issued reports on FAF. 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 increased their target price 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.

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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