Quantitative Systematic Strategies LLC boosted its stake in shares of First American Corporation (The) (NYSE:FAF) by 7.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,179 shares of the insurance provider’s stock after buying an additional 825 shares during the period. Quantitative Systematic Strategies LLC’s holdings in First American Corporation (The) were worth $545,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. M Holdings Securities Inc. raised its position in First American Corporation (The) by 5.2% in the fourth quarter. M Holdings Securities Inc. now owns 10,782 shares of the insurance provider’s stock valued at $395,000 after buying an additional 529 shares in the last quarter. First Midwest Bank Trust Division raised its position in First American Corporation (The) by 2.8% in the first quarter. First Midwest Bank Trust Division now owns 9,683 shares of the insurance provider’s stock valued at $380,000 after buying an additional 267 shares in the last quarter. Great West Life Assurance Co. Can raised its position in First American Corporation (The) by 3.7% in the first quarter. Great West Life Assurance Co. Can now owns 64,936 shares of the insurance provider’s stock valued at $2,548,000 after buying an additional 2,342 shares in the last quarter. Quadrature Capital Ltd raised its position in First American Corporation (The) 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 in the last quarter. Finally, Capstone Asset Management Co. raised its position in First American Corporation (The) by 2.2% in the first quarter. Capstone Asset Management Co. now owns 13,698 shares of the insurance provider’s stock valued at $538,000 after buying an additional 290 shares in the last quarter. 84.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of First American Corporation (NYSE:FAF) opened at 48.71 on Monday. The company’s 50 day moving average price is $45.47 and its 200 day moving average price is $41.35. First American Corporation has a one year low of $35.28 and a one year high of $49.48. The stock has a market capitalization of $5.39 billion, a P/E ratio of 14.77 and a beta of 0.73.

First American Corporation (The) (NYSE:FAF) last released its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.18. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. First American Corporation (The) had a return on equity of 12.22% and a net margin of 6.38%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 EPS. On average, equities analysts expect that First American Corporation will post $3.46 earnings per share for the current year.

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Several brokerages recently commented on FAF. Zacks Investment Research upgraded First American Corporation (The) from a “hold” rating to a “strong-buy” rating and set a $56.00 target price on the stock in a report on Monday, July 31st. BidaskClub upgraded First American Corporation (The) from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $39.00 target price on shares of First American Corporation (The) in a report on Wednesday, April 19th.

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.

Institutional Ownership by Quarter for First American Corporation (The) (NYSE:FAF)

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