Boston Partners raised its position in First American Corporation (The) (NYSE:FAF) by 2.6% during the second quarter, Holdings Channel reports. The institutional investor owned 682,638 shares of the insurance provider’s stock after buying an additional 17,044 shares during the period. Boston Partners’ holdings in First American Corporation (The) were worth $30,507,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. First Midwest Bank Trust Division raised its stake in shares of First American Corporation (The) by 2.8% in the first quarter. First Midwest Bank Trust Division now owns 9,683 shares of the insurance provider’s stock worth $380,000 after buying an additional 267 shares in the last quarter. Strs Ohio raised its stake in shares of First American Corporation (The) by 4.5% in the first quarter. Strs Ohio now owns 115,000 shares of the insurance provider’s stock worth $4,517,000 after buying an additional 5,000 shares in the last quarter. Sapphire Star Partners LP raised its stake in shares of First American Corporation (The) by 10.3% in the first quarter. Sapphire Star Partners LP now owns 13,679 shares of the insurance provider’s stock worth $537,000 after buying an additional 1,281 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of First American Corporation (The) by 2.6% in the first quarter. Janney Montgomery Scott LLC now owns 47,580 shares of the insurance provider’s stock worth $1,869,000 after buying an additional 1,191 shares in the last quarter. Finally, Glen Harbor Capital Management LLC raised 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 in the last quarter. Hedge funds and other institutional investors own 86.48% of the company’s stock.

Shares of First American Corporation (FAF) opened at 48.29 on Tuesday. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 14.64 and a beta of 0.73. The company’s 50 day moving average price is $46.41 and its 200 day moving average price is $42.03. First American Corporation has a 52-week low of $35.28 and a 52-week 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, topping 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 company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the prior year, the firm earned $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 predict that First American Corporation will post $3.46 EPS for the current year.

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A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded First American Corporation (The) from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective on the stock in a research report on Monday, July 31st. BidaskClub upgraded First American Corporation (The) from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. Finally, 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.

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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