Utah Retirement Systems lifted its position in shares of First American Corporation (The) (NYSE:FAF) by 1.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 19,700 shares of the insurance provider’s stock after acquiring an additional 300 shares during the period. Utah Retirement Systems’ holdings in First American Corporation (The) were worth $880,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in FAF. BlackRock Inc. grew its position in shares of First American Corporation (The) by 3,956.3% during the first quarter. BlackRock Inc. now owns 9,926,367 shares of the insurance provider’s stock worth $389,909,000 after acquiring an additional 9,681,653 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of First American Corporation (The) during the second quarter worth about $76,312,000. Citadel Advisors LLC grew its position in shares of First American Corporation (The) by 387.1% during the first quarter. Citadel Advisors LLC now owns 883,744 shares of the insurance provider’s stock worth $34,713,000 after acquiring an additional 702,311 shares during the last quarter. Hamlin Capital Management LLC grew its position in shares of First American Corporation (The) by 37.1% during the second quarter. Hamlin Capital Management LLC now owns 1,411,501 shares of the insurance provider’s stock worth $63,080,000 after acquiring an additional 382,145 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new position in shares of First American Corporation (The) during the second quarter worth about $14,644,000. Institutional investors and hedge funds own 83.16% of the company’s stock.

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

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In other First American Corporation (The) news, CFO Mark Edward Seaton sold 7,000 shares of First American Corporation (The) stock in a transaction on Friday, August 18th. The stock was sold at an average price of $48.33, for a total transaction 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 currently owned by company insiders.

First American Corporation (NYSE:FAF) opened at 48.16 on Monday. The stock’s 50 day moving average is $48.12 and its 200 day moving average is $43.25. The company has a market cap of $5.33 billion, a price-to-earnings ratio of 14.60 and a beta of 0.72. First American Corporation has a 52-week low of $35.28 and a 52-week high of $49.48.

First American Corporation (The) (NYSE:FAF) last issued its quarterly earnings data 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. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.41 billion. First American Corporation (The) had a return on equity of 12.22% and a net margin of 6.38%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the business earned $0.92 earnings per share. On average, analysts predict that First American Corporation will post $3.46 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 8th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, September 7th. This is a boost from First American Corporation (The)’s previous quarterly dividend of $0.34. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.16%. First American Corporation (The)’s dividend payout ratio (DPR) 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.

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

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