Fox Run Management L.L.C. bought a new stake in First American Financial Corp (NYSE:FAF) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,179 shares of the insurance provider’s stock, valued at approximately $370,000.

A number of other institutional investors have also added to or reduced their stakes in the business. First Midwest Bank Trust Division grew its position in First American Financial by 13.2% in the second quarter. First Midwest Bank Trust Division now owns 7,925 shares of the insurance provider’s stock valued at $410,000 after acquiring an additional 922 shares during the last quarter. Commonwealth Equity Services LLC grew its position in First American Financial by 11.6% in the first quarter. Commonwealth Equity Services LLC now owns 8,909 shares of the insurance provider’s stock valued at $522,000 after acquiring an additional 927 shares during the last quarter. Louisiana State Employees Retirement System grew its position in First American Financial by 3.4% in the second quarter. Louisiana State Employees Retirement System now owns 30,100 shares of the insurance provider’s stock valued at $1,557,000 after acquiring an additional 1,000 shares during the last quarter. MetLife Investment Advisors LLC grew its position in First American Financial by 1.5% in the second quarter. MetLife Investment Advisors LLC now owns 70,106 shares of the insurance provider’s stock valued at $3,626,000 after acquiring an additional 1,010 shares during the last quarter. Finally, Oakbrook Investments LLC grew its position in First American Financial by 11.4% in the second quarter. Oakbrook Investments LLC now owns 10,250 shares of the insurance provider’s stock valued at $530,000 after acquiring an additional 1,050 shares during the last quarter. Hedge funds and other institutional investors own 84.39% of the company’s stock.

FAF has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded First American Financial from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Tuesday, June 26th. Keefe, Bruyette & Woods upgraded First American Financial from a “market perform” rating to an “outperform” rating and set a $39.00 target price on the stock in a research report on Monday, July 16th. Piper Jaffray Companies lifted their target price on First American Financial from $63.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, July 27th. Finally, ValuEngine cut First American Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $57.50.

NYSE:FAF opened at $51.10 on Thursday. The stock has a market cap of $5.76 billion, a PE ratio of 18.58, a PEG ratio of 0.87 and a beta of 0.70. First American Financial Corp has a 1-year low of $49.47 and a 1-year high of $62.71.

First American Financial (NYSE:FAF) last released its quarterly earnings results on Thursday, July 26th. The insurance provider reported $1.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.13. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.47 billion. First American Financial had a return on equity of 15.03% and a net margin of 8.19%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.09 earnings per share. On average, research analysts anticipate that First American Financial Corp will post 4.58 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 17th. Stockholders of record on Monday, September 10th were issued a dividend of $0.42 per share. This is a boost from First American Financial’s previous quarterly dividend of $0.38. This represents a $1.68 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Friday, September 7th. First American Financial’s payout ratio is 61.09%.

In other news, EVP Kenneth D. Degiorgio sold 13,871 shares of the business’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $57.25, for a total transaction of $794,114.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Matthew F. Wajner sold 4,982 shares of the business’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $57.29, for a total value of $285,418.78. The disclosure for this sale can be found here. Insiders own 3.00% of the company’s stock.

First American Financial Company Profile

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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