QS Investors LLC grew its holdings in First American Corporation (The) (NYSE:FAF) by 19.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 83,140 shares of the insurance provider’s stock after purchasing an additional 13,688 shares during the quarter. QS Investors LLC owned about 0.08% of First American Corporation (The) worth $3,716,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of FAF. BlackRock Inc. grew its holdings 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 during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of First American Corporation (The) in the second quarter valued at $76,312,000. Citadel Advisors LLC increased its stake in shares of First American Corporation (The) by 387.1% in the first quarter. Citadel Advisors LLC now owns 883,744 shares of the insurance provider’s stock valued at $34,713,000 after buying an additional 702,311 shares in the last quarter. FMR LLC increased its stake in shares of First American Corporation (The) by 7.6% in the second quarter. FMR LLC now owns 9,564,140 shares of the insurance provider’s stock valued at $427,422,000 after buying an additional 675,763 shares in the last quarter. Finally, Hamlin Capital Management LLC increased its stake in shares of First American Corporation (The) by 37.1% in the second quarter. Hamlin Capital Management LLC now owns 1,411,501 shares of the insurance provider’s stock valued at $63,080,000 after buying an additional 382,145 shares in the last quarter. 83.16% of the stock is currently owned by institutional investors.

First American Corporation (NYSE:FAF) opened at 50.87 on Wednesday. First American Corporation has a 52 week low of $35.28 and a 52 week high of $50.88. The company has a market capitalization of $5.63 billion, a P/E ratio of 15.42 and a beta of 0.69. The firm has a 50 day moving average of $48.84 and a 200-day moving average of $44.65.

First American Corporation (The) (NYSE:FAF) last released its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.09 earnings per share for the quarter, beating the 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 business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the firm posted $0.92 earnings per share. First American Corporation (The)’s revenue was up 6.8% compared to the same quarter last year. On average, analysts forecast that First American Corporation will post $3.40 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 8th were paid a dividend of $0.38 per share. This is an increase 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 yield of 2.99%. First American Corporation (The)’s payout ratio is presently 46.06%.

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A number of research firms recently issued reports on FAF. BidaskClub raised First American Corporation (The) from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. Zacks Investment Research upgraded shares of First American Corporation (The) from a “hold” rating to a “strong-buy” rating and set a $56.00 price target on the stock in a research report on Monday, July 31st.

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 value of $338,310.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.10% of the stock is currently owned by corporate insiders.

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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