First American Corporation (The) (NYSE:FAF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “First American Financial Corporation provides financial services through its Title Insurance and Services segment and its Specialty Insurance segment. The Title Insurance and Services segment provides title insurance policies and provides escrow and real estate closing services on residential and commercial property. It also maintains, manages, and provides access to automated title plant records and images; accommodates tax-deferred exchanges of real estate; and provides investment advisory, trust, lending, and deposit services. The Specialty Insurance segment offers property and casualty insurance, including homeowners insurance, as well as provides home warranty policies. This segment markets its property and casualty insurance products through direct distribution channels, including employees and agents, as well as a network of brokers. First American Financial Corporation is based in Santa Ana, California. “

Separately, Barclays PLC lifted their target price on shares of First American Corporation (The) from $52.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th.

Shares of First American Corporation (NYSE:FAF) opened at $54.46 on Friday. First American Corporation has a 1-year low of $35.28 and a 1-year high of $56.40. The stock has a market cap of $6,035.09, a PE ratio of 15.47, a P/E/G ratio of 1.19 and a beta of 0.74.

First American Corporation (The) (NYSE:FAF) last posted its earnings results on Thursday, October 26th. The insurance provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.12. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. First American Corporation (The) had a net margin of 4.88% and a return on equity of 14.30%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the company earned $0.96 earnings per share. analysts forecast that First American Corporation will post 3.51 earnings per share for the current fiscal year.

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In other news, insider Kenneth D. Degiorgio sold 7,337 shares of First American Corporation (The) stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $55.11, for a total value of $404,342.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark Edward Seaton sold 9,981 shares of First American Corporation (The) stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $54.87, for a total transaction of $547,657.47. The disclosure for this sale can be found here. Insiders sold 117,318 shares of company stock valued at $6,449,000 in the last quarter. Corporate insiders own 3.10% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Creative Planning boosted its position 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 acquiring an additional 114 shares during the period. First Bank & Trust boosted its position 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 acquiring an additional 833 shares during the period. Acrospire Investment Management LLC boosted its position 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 acquiring an additional 2,100 shares during the period. Quantbot Technologies LP boosted its position in shares of First American Corporation (The) by 78.1% in the second quarter. Quantbot Technologies LP now owns 3,061 shares of the insurance provider’s stock valued at $136,000 after acquiring an additional 1,342 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position 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 acquiring an additional 298 shares during the period. Institutional investors own 83.84% of the company’s stock.

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.

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