Boston Partners Acquires 11,600 Shares of First American Corporation (The) (FAF)

Boston Partners boosted its holdings in shares of First American Corporation (The) (NYSE:FAF) by 1.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 694,238 shares of the insurance provider’s stock after buying an additional 11,600 shares during the quarter. Boston Partners owned 0.63% of First American Corporation (The) worth $34,692,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FAF. Creative Planning increased 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 in the last quarter. First Bank & Trust increased its holdings 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 purchasing an additional 833 shares in the last quarter. Acrospire Investment Management LLC increased its holdings 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 purchasing an additional 2,100 shares in the last quarter. Quantbot Technologies LP increased its holdings 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 purchasing an additional 1,342 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 purchasing an additional 298 shares in the last quarter. 83.84% of the stock is owned by institutional investors.

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First American Corporation (NYSE:FAF) opened at $54.06 on Monday. The firm has a market cap of $6,011.84, a P/E ratio of 15.41, a PEG ratio of 1.18 and a beta of 0.74. First American Corporation has a 1-year low of $35.28 and a 1-year high of $56.40.

First American Corporation (The) (NYSE:FAF) last posted its earnings results on Thursday, October 26th. The insurance provider reported $1.12 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.12. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.51 billion. First American Corporation (The) had a net margin of 4.88% and a return on equity of 14.30%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 EPS. analysts predict that First American Corporation will post 3.52 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 8th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, December 7th. First American Corporation (The)’s payout ratio is presently 60.08%.

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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dennis J. Gilmore sold 100,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $54.97, for a total transaction of $5,497,000.00. Following the completion of the sale, the chief executive officer now directly owns 611,141 shares of the company’s stock, valued at approximately $33,594,420.77. The disclosure for this sale can be found here. In the last three months, insiders sold 124,318 shares of company stock valued at $6,787,310. 3.10% of the stock is owned by insiders.

FAF has been the subject of several recent research reports. Zacks Investment Research raised shares of First American Corporation (The) from a “hold” rating to a “strong-buy” rating and set a $56.00 target price for the company in a report on Monday, July 31st. Barclays PLC lifted their target price on shares of First American Corporation (The) from $52.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, October 27th.

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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