Channing Capital Management LLC decreased its stake in shares of First American Financial Corp (NYSE:FAF) by 77.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 229,034 shares of the insurance provider’s stock after selling 794,744 shares during the quarter. Channing Capital Management LLC owned about 0.21% of First American Financial Corp worth $11,445,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of First American Financial Corp by 2.0% during the 2nd quarter. BlackRock Inc. now owns 10,128,054 shares of the insurance provider’s stock worth $452,623,000 after buying an additional 201,687 shares during the period. FMR LLC grew its position in First American Financial Corp by 7.6% in the 2nd quarter. FMR LLC now owns 9,564,140 shares of the insurance provider’s stock valued at $427,422,000 after purchasing an additional 675,763 shares during the period. Vanguard Group Inc. grew its position in First American Financial Corp by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 9,333,287 shares of the insurance provider’s stock valued at $417,104,000 after purchasing an additional 53,168 shares during the period. State Street Corp grew its position in First American Financial Corp by 3.7% in the 1st quarter. State Street Corp now owns 3,541,023 shares of the insurance provider’s stock valued at $139,091,000 after purchasing an additional 126,125 shares during the period. Finally, Victory Capital Management Inc. grew its position in First American Financial Corp by 21.9% in the 3rd quarter. Victory Capital Management Inc. now owns 2,081,417 shares of the insurance provider’s stock valued at $104,009,000 after purchasing an additional 373,834 shares during the period. 83.92% of the stock is owned by institutional investors.

Several research firms recently issued reports on FAF. Barclays PLC lifted their price target on shares of First American Financial Corp from $52.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. Zacks Investment Research downgraded shares of First American Financial Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th.

First American Financial Corp (NYSE:FAF) traded up $0.43 on Friday, reaching $54.68. 617,476 shares of the company’s stock were exchanged, compared to its average volume of 652,706. First American Financial Corp has a 1 year low of $35.28 and a 1 year high of $55.00. The stock has a market cap of $6.06 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 1.18 and a beta of 0.74.

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

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In other First American Financial Corp news, CFO Mark Edward Seaton sold 7,000 shares of First American Financial Corp 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. 3.10% of the stock is currently owned by insiders.

About First American Financial Corp

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 Financial Corp (NYSE:FAF)

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