Retirement Systems of Alabama boosted its position in First American Corporation (The) (NYSE:FAF) by 0.1% during the second quarter, Holdings Channel reports. The fund owned 142,168 shares of the insurance provider’s stock after buying an additional 201 shares during the period. Retirement Systems of Alabama’s holdings in First American Corporation (The) were worth $6,353,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in FAF. Creative Planning increased its stake 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 worth $102,000 after buying an additional 114 shares during the last quarter. Glen Harbor Capital Management LLC increased its stake 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 worth $116,000 after buying an additional 80 shares during the last quarter. Tyers Asset Management LLC increased its stake 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 worth $160,000 after buying an additional 110 shares during the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of First American Corporation (The) during the first quarter worth about $169,000. Finally, Flinton Capital Management LLC increased its stake in shares of First American Corporation (The) by 2.8% in the first quarter. Flinton Capital Management LLC now owns 5,180 shares of the insurance provider’s stock worth $203,000 after buying an additional 140 shares during the last quarter. 86.48% of the stock is currently owned by hedge funds and other institutional investors.

Shares of First American Corporation (NYSE:FAF) opened at 48.54 on Wednesday. The stock has a 50 day moving average of $46.51 and a 200-day moving average of $42.11. The stock has a market capitalization of $5.37 billion, a P/E ratio of 14.71 and a beta of 0.73. First American Corporation has a one year low of $35.28 and a one year high of $49.48.

First American Corporation (The) (NYSE:FAF) last announced its quarterly earnings data on Thursday, July 27th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.18. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. First American Corporation (The) had a return on equity of 12.22% and a net margin of 6.38%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 EPS. Equities analysts forecast that First American Corporation will post $3.46 earnings per share for the current year.

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A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $39.00 price target on shares of First American Corporation (The) in a report on Wednesday, April 19th. Zacks Investment Research raised shares of First American Corporation (The) from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Monday, May 1st. Finally, BidaskClub raised shares of First American Corporation (The) from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th.

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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