Invictus RG lifted its holdings in shares of First American Corporation (The) (NYSE:FAF) by 54.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,050 shares of the insurance provider’s stock after buying an additional 2,493 shares during the quarter. Invictus RG’s holdings in First American were worth $352,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in FAF. Keybank National Association OH purchased a new stake in shares of First American during the second quarter worth approximately $1,670,000. Boston Partners increased its position in shares of First American by 1.7% during the third quarter. Boston Partners now owns 694,238 shares of the insurance provider’s stock worth $34,692,000 after purchasing an additional 11,600 shares in the last quarter. Federated Investors Inc. PA increased its position in shares of First American by 20.2% during the second quarter. Federated Investors Inc. PA now owns 55,605 shares of the insurance provider’s stock worth $2,485,000 after purchasing an additional 9,360 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of First American by 6.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 494,766 shares of the insurance provider’s stock worth $22,112,000 after purchasing an additional 28,135 shares in the last quarter. Finally, Phocas Financial Corp. increased its position in shares of First American by 130.1% during the second quarter. Phocas Financial Corp. now owns 254,578 shares of the insurance provider’s stock worth $11,377,000 after purchasing an additional 143,941 shares in the last quarter. 83.43% of the stock is owned by institutional investors and hedge funds.

Shares of First American Corporation (FAF) traded up $0.02 during trading hours on Wednesday, reaching $55.30. The company’s stock had a trading volume of 486,600 shares, compared to its average volume of 582,096. The stock has a market cap of $6,125.99, a PE ratio of 15.70, a P/E/G ratio of 1.21 and a beta of 0.74. First American Corporation has a 12 month low of $35.28 and a 12 month high of $56.40.

First American (NYSE:FAF) last issued its earnings results on Thursday, October 26th. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.12. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.51 billion. First American had a return on equity of 14.30% and a net margin of 4.88%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. equities analysts predict that First American Corporation will post 3.51 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 8th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.75%. The ex-dividend date is Thursday, December 7th. First American’s payout ratio is currently 60.08%.

FAF has been the subject of several research reports. Zacks Investment Research cut First American from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Barclays boosted their price target on First American from $52.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, October 27th.

In other First American news, CEO Dennis J. Gilmore sold 100,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $54.97, for a total value of $5,497,000.00. Following the completion of the sale, the chief executive officer now directly owns 611,141 shares in the company, valued at approximately $33,594,420.77. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Kenneth D. Degiorgio sold 7,337 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $55.11, for a total value of $404,342.07. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 193,161 shares of company stock valued at $10,639,325. 3.10% of the stock is owned by company insiders.

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First American 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.

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

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