Mutual of America Capital Management LLC lifted its stake in First American Corporation (The) (NYSE:FAF) by 5.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,532 shares of the insurance provider’s stock after purchasing an additional 4,704 shares during the period. Mutual of America Capital Management LLC owned approximately 0.08% of First American Corporation (The) worth $4,091,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FAF. Creative Planning lifted its stake in shares of First American Corporation (The) by 5.3% in the second quarter. Creative Planning now owns 2,284 shares of the insurance provider’s stock valued at $102,000 after purchasing an additional 114 shares during the period. First Bank & Trust lifted its stake in shares of First American Corporation (The) by 46.6% in the second quarter. First Bank & Trust now owns 2,622 shares of the insurance provider’s stock valued at $117,000 after purchasing an additional 833 shares during the period. Acrospire Investment Management LLC lifted its stake in shares of First American Corporation (The) by 352.3% in the second quarter. Acrospire Investment Management LLC now owns 2,696 shares of the insurance provider’s stock valued at $120,000 after purchasing an additional 2,100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of First American Corporation (The) by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,808 shares of the insurance provider’s stock valued at $170,000 after purchasing an additional 298 shares during the period. Finally, Summit Securities Group LLC acquired a new stake in shares of First American Corporation (The) in the second quarter valued at about $201,000. Hedge funds and other institutional investors own 83.16% of the company’s stock.

FAF has been the subject of several recent analyst reports. Zacks Investment Research cut shares of First American Corporation (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. BidaskClub upgraded shares of First American Corporation (The) from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th.

In other First American Corporation (The) news, CFO Mark Edward Seaton sold 7,000 shares of the company’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $48.33, for a total value of $338,310.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.10% of the stock is currently owned by corporate insiders.

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First American Corporation (NYSE FAF) opened at 49.19 on Monday. The firm’s 50-day moving average is $48.48 and its 200-day moving average is $43.81. First American Corporation has a 12 month low of $35.28 and a 12 month high of $49.69. The firm has a market cap of $5.45 billion, a PE ratio of 14.91 and a beta of 0.72.

First American Corporation (The) (NYSE:FAF) last announced its earnings results on Thursday, July 27th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.18. First American Corporation (The) had a net margin of 6.38% and a return on equity of 12.22%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the firm posted $0.92 EPS. First American Corporation (The)’s revenue was up 6.8% compared to the same quarter last year. Equities analysts expect that First American Corporation will post $3.40 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 8th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.09%. This is an increase from First American Corporation (The)’s previous quarterly dividend of $0.34. The ex-dividend date was Thursday, September 7th. First American Corporation (The)’s dividend payout ratio is presently 46.06%.

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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