OxFORD Asset Management LLP acquired a new stake in First American Corporation (The) (NYSE:FAF) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 50,256 shares of the insurance provider’s stock, valued at approximately $2,246,000.

Several other large investors have also recently bought and sold shares of FAF. Creative Planning lifted its position in shares of First American Corporation (The) by 5.3% during the 2nd 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 lifted its position in shares of First American Corporation (The) by 46.6% during the 2nd 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 lifted its position in shares of First American Corporation (The) by 352.3% during the 2nd 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 lifted its position in shares of First American Corporation (The) by 78.1% during the 2nd 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 lifted its position in shares of First American Corporation (The) by 8.5% during the 2nd 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. 83.16% of the stock is currently owned by institutional investors.

In related news, CFO Mark Edward Seaton sold 7,000 shares of First American Corporation (The) stock in a transaction on Friday, August 18th. The shares were sold at an average price of $48.33, for a total value of $338,310.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.10% of the company’s stock.

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First American Corporation (NYSE:FAF) opened at 49.93 on Friday. First American Corporation has a 52-week low of $35.28 and a 52-week high of $50.98. The firm has a market cap of $5.53 billion, a P/E ratio of 15.13 and a beta of 0.69. The company’s 50 day moving average is $48.92 and its 200-day moving average is $44.72.

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 for the quarter, beating the consensus estimate of $0.91 by $0.18. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.41 billion. First American Corporation (The) had a net margin of 6.38% and a return on equity of 12.22%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 earnings per share. On average, equities analysts predict that First American Corporation will post $3.40 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 8th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.52 annualized dividend and a yield of 3.04%. This is a boost from First American Corporation (The)’s previous quarterly dividend of $0.34. First American Corporation (The)’s payout ratio is 46.06%.

A number of research analysts recently issued reports on FAF shares. Zacks Investment Research upgraded shares of 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 research report on Monday, July 31st. 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.

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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