Flinton Capital Management LLC grew its holdings in shares of First American Corporation (The) (NYSE:FAF) by 74.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,044 shares of the insurance provider’s stock after purchasing an additional 3,864 shares during the period. Flinton Capital Management LLC’s holdings in First American Corporation (The) were worth $404,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Teacher Retirement System of Texas lifted its holdings in shares of First American Corporation (The) by 0.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 8,813 shares of the insurance provider’s stock valued at $394,000 after purchasing an additional 32 shares during the last quarter. World Asset Management Inc lifted its holdings in shares of First American Corporation (The) by 0.8% during the 2nd quarter. World Asset Management Inc now owns 7,480 shares of the insurance provider’s stock valued at $334,000 after purchasing an additional 61 shares during the last quarter. US Bancorp DE lifted its holdings in shares of First American Corporation (The) by 1.4% during the 1st quarter. US Bancorp DE now owns 6,575 shares of the insurance provider’s stock valued at $258,000 after purchasing an additional 91 shares during the last quarter. Creative Planning lifted its holdings 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 purchasing an additional 114 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of First American Corporation (The) by 0.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 47,714 shares of the insurance provider’s stock valued at $2,132,000 after purchasing an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 83.15% of the company’s stock.

FAF has been the subject of a number of research analyst reports. Zacks Investment Research lowered First American Corporation (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub upgraded First American Corporation (The) from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th.

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In related news, CFO Mark Edward Seaton sold 7,000 shares of the business’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is owned by insiders.

First American Corporation (NYSE FAF) opened at 50.42 on Wednesday. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 15.28 and a beta of 0.69. The company has a 50-day moving average price of $49.06 and a 200-day moving average price of $45.06. First American Corporation has a 52 week low of $35.28 and a 52 week high of $50.98.

First American Corporation (The) (NYSE:FAF) last announced its quarterly earnings results on Thursday, July 27th. The insurance provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.18. First American Corporation (The) had a net margin of 6.38% and a return on equity of 12.22%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the company earned $0.92 earnings per share. First American Corporation (The)’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities research analysts anticipate that First American Corporation will post $3.40 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 8th were given a $0.38 dividend. The ex-dividend date of this dividend was 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 yield of 3.01%. First American Corporation (The)’s payout ratio is 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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