Pitcairn Co. decreased its stake in First American Corporation (The) (NYSE:FAF) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,312 shares of the insurance provider’s stock after selling 268 shares during the period. Pitcairn Co.’s holdings in First American Corporation (The) were worth $372,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of FAF. Teacher Retirement System of Texas raised its stake in First American Corporation (The) by 0.4% in the second quarter. Teacher Retirement System of Texas now owns 8,813 shares of the insurance provider’s stock valued at $394,000 after buying an additional 32 shares during the last quarter. Arizona State Retirement System raised its stake in First American Corporation (The) by 1.8% in the second quarter. Arizona State Retirement System now owns 46,500 shares of the insurance provider’s stock valued at $2,078,000 after buying an additional 800 shares during the last quarter. Summit Securities Group LLC acquired a new stake in First American Corporation (The) during the second quarter valued at approximately $201,000. Boston Partners raised its stake in First American Corporation (The) by 2.6% in the second quarter. Boston Partners now owns 682,638 shares of the insurance provider’s stock valued at $30,507,000 after buying an additional 17,044 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in First American Corporation (The) by 6.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 494,766 shares of the insurance provider’s stock valued at $22,112,000 after buying an additional 28,135 shares during the last quarter. 86.48% of the stock is currently owned by institutional investors and hedge funds.

First American Corporation (NYSE:FAF) opened at 48.54 on Wednesday. The company has a market cap of $5.37 billion, a P/E ratio of 14.71 and a beta of 0.73. First American Corporation has a 52 week low of $35.28 and a 52 week high of $49.48. The stock has a 50 day moving average of $46.51 and a 200 day moving average of $42.11.

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

WARNING: “Pitcairn Co. Decreases Stake in First American Corporation (The) (FAF)” was reported by Watch List News and is owned by of Watch List News. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://www.watchlistnews.com/pitcairn-co-decreases-stake-in-first-american-corporation-the-faf/1494352.html.

Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of 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 note on Monday, July 31st. BidaskClub raised shares of First American Corporation (The) from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $39.00 price objective on shares of First American Corporation (The) in a research note on Wednesday, April 19th.

About First American Corporation (The)

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.

Want to see what other hedge funds are holding FAF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First American Corporation (The) (NYSE:FAF).

Institutional Ownership by Quarter for First American Corporation (The) (NYSE:FAF)

Receive News & Ratings for First American Corporation (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First American Corporation (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.