First American Financial Corp. (NYSE:FAF)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $40.45, but opened at $40.50. First American Financial Corp. shares last traded at $40.74, with a volume of 722,160 shares.

The firm has a market cap of $4.56 billion and a PE ratio of 15.16. The firm has a 50-day moving average of $38.58 and a 200 day moving average of $36.62.

First American Financial Corp. (NYSE:FAF) last released its quarterly earnings data on Thursday, April 21st. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.10. The firm earned $1.20 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the firm earned $0.34 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. On average, equities analysts expect that First American Financial Corp. will post $2.85 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 8th were issued a $0.26 dividend. The ex-dividend date of this dividend was Monday, June 6th. This represents a $1.04 annualized dividend and a dividend yield of 2.50%.

Several hedge funds have recently added to or reduced their stakes in FAF. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in First American Financial Corp. by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 31,528 shares of the company’s stock valued at $1,132,000 after buying an additional 164 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in First American Financial Corp. by 0.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 73,009 shares of the company’s stock valued at $2,621,000 after buying an additional 593 shares during the last quarter. Nationwide Fund Advisors increased its stake in First American Financial Corp. by 0.3% in the fourth quarter. Nationwide Fund Advisors now owns 305,351 shares of the company’s stock valued at $10,962,000 after buying an additional 850 shares during the last quarter. Rhumbline Advisers increased its stake in First American Financial Corp. by 0.7% in the fourth quarter. Rhumbline Advisers now owns 261,697 shares of the company’s stock valued at $9,395,000 after buying an additional 1,860 shares during the last quarter. Finally, Retirement Systems of Alabama increased its stake in First American Financial Corp. by 1.4% in the fourth quarter. Retirement Systems of Alabama now owns 139,731 shares of the company’s stock valued at $5,016,000 after buying an additional 1,949 shares during the last quarter.

First American Financial Corporation is a holding company. Through its subsidiaries, the Company is engaged in the business of providing financial services. The Company’s segments include Title Insurance and Services, Specialty Insurance and corporate function. The Company’s title insurance and services segment issues title insurance policies on residential and commercial property in the United States and offers similar or related products and services internationally.

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