First Mercantile Trust Co. continued to hold its position in shares of First American Financial Corp (NYSE:FAF) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,840 shares of the insurance provider’s stock at the end of the first quarter. First Mercantile Trust Co.’s holdings in First American Financial Corp were worth $269,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. M Holdings Securities Inc. boosted its stake in shares of First American Financial Corp by 5.2% in the fourth quarter. M Holdings Securities Inc. now owns 10,782 shares of the insurance provider’s stock worth $395,000 after buying an additional 529 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of First American Financial Corp during the first quarter worth approximately $446,000. Quantbot Technologies LP purchased a new stake in shares of First American Financial Corp during the third quarter worth approximately $1,235,000. Russell Investments Group Ltd. purchased a new stake in shares of First American Financial Corp during the fourth quarter worth approximately $2,692,000. Finally, Quadrature Capital Ltd boosted its position in shares of First American Financial Corp by 77.9% in the fourth quarter. Quadrature Capital Ltd now owns 30,980 shares of the insurance provider’s stock valued at $1,135,000 after buying an additional 13,566 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Institutional Ownership by Quarter for First American Financial Corp (NYSE:FAF)

First American Financial Corp (NYSE:FAF) traded down 0.56% during midday trading on Friday, reaching $42.64. The company’s stock had a trading volume of 78,962 shares. The company’s 50-day moving average is $40.65 and its 200 day moving average is $38.69. First American Financial Corp has a 52 week low of $35.28 and a 52 week high of $43.77. The firm has a market capitalization of $4.71 billion, a P/E ratio of 13.59 and a beta of 0.80.

First American Financial Corp (NYSE:FAF) last posted its quarterly earnings results on Thursday, April 27th. The insurance provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.21 billion. First American Financial Corp had a return on equity of 12.08% and a net margin of 6.15%. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 EPS. Analysts expect that First American Financial Corp will post $3.27 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 8th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Tuesday, June 6th. First American Financial Corp’s payout ratio is 44.16%.

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Several equities analysts have recently issued reports on FAF shares. Zacks Investment Research raised First American Financial Corp from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Monday, May 1st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $39.00 price target on shares of First American Financial Corp in a research note on Wednesday, April 19th.

In other First American Financial Corp news, CEO Dennis J. Gilmore sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $39.79, for a total transaction of $3,979,000.00. Following the transaction, the chief executive officer now directly owns 772,295 shares in the company, valued at approximately $30,729,618.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.20% of the stock is currently owned by corporate insiders.

About First American Financial Corp

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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