Chicago Equity Partners LLC increased its stake in shares of First American Financial Corp (NYSE:FAF) by 6.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 88,755 shares of the insurance provider’s stock after buying an additional 5,600 shares during the period. Chicago Equity Partners LLC’s holdings in First American Financial were worth $4,590,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. First Midwest Bank Trust Division increased its holdings in First American Financial by 13.2% during the second quarter. First Midwest Bank Trust Division now owns 7,925 shares of the insurance provider’s stock worth $410,000 after buying an additional 922 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in First American Financial by 11.6% during the first quarter. Commonwealth Equity Services LLC now owns 8,909 shares of the insurance provider’s stock worth $522,000 after buying an additional 927 shares during the last quarter. King Luther Capital Management Corp increased its holdings in First American Financial by 21.1% during the first quarter. King Luther Capital Management Corp now owns 5,538 shares of the insurance provider’s stock worth $325,000 after buying an additional 965 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in First American Financial by 3.4% during the second quarter. Louisiana State Employees Retirement System now owns 30,100 shares of the insurance provider’s stock worth $1,557,000 after buying an additional 1,000 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in First American Financial by 2.0% during the first quarter. Envestnet Asset Management Inc. now owns 52,421 shares of the insurance provider’s stock worth $3,054,000 after buying an additional 1,041 shares during the last quarter. Institutional investors and hedge funds own 84.42% of the company’s stock.

In related news, EVP Kenneth D. Degiorgio sold 13,871 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $57.25, for a total transaction of $794,114.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Matthew F. Wajner sold 4,982 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $57.29, for a total transaction of $285,418.78. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by insiders.

A number of analysts recently issued reports on the stock. Piper Jaffray Companies raised their price objective on shares of First American Financial from $63.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, July 27th. Keefe, Bruyette & Woods upgraded shares of First American Financial from a “market perform” rating to an “outperform” rating and set a $39.00 target price for the company in a research note on Monday, July 16th. Finally, Zacks Investment Research upgraded shares of First American Financial from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Tuesday, June 26th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. First American Financial has a consensus rating of “Buy” and an average price target of $57.50.

FAF opened at $56.28 on Friday. The stock has a market capitalization of $6.30 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 0.96 and a beta of 0.81. First American Financial Corp has a twelve month low of $46.75 and a twelve month high of $62.71.

First American Financial (NYSE:FAF) last posted its earnings results on Thursday, July 26th. The insurance provider reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.13. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.47 billion. First American Financial had a net margin of 8.19% and a return on equity of 15.03%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $1.09 earnings per share. equities research analysts expect that First American Financial Corp will post 4.53 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Monday, September 10th will be paid a dividend of $0.42 per share. The ex-dividend date is Friday, September 7th. This represents a $1.68 annualized dividend and a yield of 2.99%. This is a boost from First American Financial’s previous quarterly dividend of $0.38. First American Financial’s payout ratio is currently 55.27%.

About First American Financial

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Specialty Insurance segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services.

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

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