Oregon Public Employees Retirement Fund grew its holdings in First American Corporation (The) (NYSE:FAF) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,155 shares of the insurance provider’s stock after buying an additional 1,038 shares during the period. Oregon Public Employees Retirement Fund’s holdings in First American Corporation (The) were worth $2,057,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Creative Planning lifted 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 last quarter. First Bank & Trust lifted 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 last quarter. Acrospire Investment Management LLC lifted its position in shares of First American Corporation (The) by 352.3% in the second quarter. Acrospire Investment Management LLC now owns 2,696 shares of the insurance provider’s stock valued at $120,000 after buying an additional 2,100 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of First American Corporation (The) by 78.1% in the second quarter. Quantbot Technologies LP now owns 3,061 shares of the insurance provider’s stock valued at $136,000 after buying an additional 1,342 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of First American Corporation (The) by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,808 shares of the insurance provider’s stock valued at $170,000 after buying an additional 298 shares during the last quarter. 83.84% of the stock is owned by institutional investors.

First American Corporation (NYSE:FAF) opened at $54.25 on Monday. The firm has a market capitalization of $6,011.84, a P/E ratio of 15.41, a PEG ratio of 1.18 and a beta of 0.74. First American Corporation has a 52 week low of $35.28 and a 52 week high of $56.40.

First American Corporation (The) (NYSE:FAF) last announced its earnings results on Thursday, October 26th. The insurance provider reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.12. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. First American Corporation (The) had a return on equity of 14.30% and a net margin of 4.88%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 earnings per share. equities analysts expect that First American Corporation will post 3.52 earnings per share for the current fiscal year.

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

A number of analysts have recently issued reports on FAF shares. Zacks Investment Research cut First American Corporation (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Barclays PLC raised their price objective on First American Corporation (The) from $52.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, October 27th.

In other news, CEO Dennis J. Gilmore sold 100,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $54.97, for a total transaction of $5,497,000.00. Following the transaction, the chief executive officer now owns 611,141 shares in the company, valued at $33,594,420.77. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Mark Edward Seaton sold 7,000 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $48.33, for a total value of $338,310.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 124,318 shares of company stock worth $6,787,310. 3.10% of the stock is owned by corporate insiders.

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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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