Caldera Capital LLC reduced its position in shares of First American Corporation (The) (NYSE:FAF) by 9.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 67,720 shares of the insurance provider’s stock after selling 7,349 shares during the quarter. First American Corporation (The) comprises approximately 2.8% of Caldera Capital LLC’s holdings, making the stock its 12th largest holding. Caldera Capital LLC owned 0.06% of First American Corporation (The) worth $3,026,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning boosted its position in shares of First American Corporation (The) by 5.3% during the 2nd quarter. Creative Planning now owns 2,284 shares of the insurance provider’s stock valued at $102,000 after acquiring an additional 114 shares during the last quarter. First Bank & Trust boosted its position in shares of First American Corporation (The) by 46.6% during the 2nd quarter. First Bank & Trust now owns 2,622 shares of the insurance provider’s stock valued at $117,000 after acquiring an additional 833 shares during the last quarter. Glen Harbor Capital Management LLC boosted its position in shares of First American Corporation (The) by 2.8% during the 1st quarter. Glen Harbor Capital Management LLC now owns 2,960 shares of the insurance provider’s stock valued at $116,000 after acquiring an additional 80 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of First American Corporation (The) by 8.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,808 shares of the insurance provider’s stock valued at $170,000 after acquiring an additional 298 shares during the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in shares of First American Corporation (The) during the 1st quarter valued at approximately $169,000. Hedge funds and other institutional investors own 83.16% of the company’s stock.

In other First American Corporation (The) news, CFO Mark Edward Seaton sold 7,000 shares of the company’s stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.10% of the stock is owned by corporate insiders.

First American Corporation (FAF) traded up 0.64% on Friday, hitting $49.07. The stock had a trading volume of 1,171,877 shares. First American Corporation has a 12 month low of $35.28 and a 12 month high of $49.57. The company has a market cap of $5.43 billion, a PE ratio of 14.87 and a beta of 0.72. The company has a 50-day moving average of $48.44 and a 200 day moving average of $43.59.

First American Corporation (The) (NYSE:FAF) last issued its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.09 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts predict that First American Corporation will post $3.40 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 8th were issued a $0.38 dividend. This is a boost from First American Corporation (The)’s previous quarterly dividend of $0.34. This represents a $1.52 annualized dividend and a yield of 3.10%. The ex-dividend date was Thursday, September 7th. First American Corporation (The)’s dividend payout ratio is presently 46.06%.

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

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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