Dupont Capital Management Corp Sells 8,045 Shares of First American Financial Corp (FAF)

Dupont Capital Management Corp decreased its holdings in First American Financial Corp (NYSE:FAF) by 5.9% in the third quarter, Holdings Channel reports. The fund owned 127,700 shares of the insurance provider’s stock after selling 8,045 shares during the period. Dupont Capital Management Corp’s holdings in First American Financial were worth $6,588,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FAF. BlackRock Inc. raised its holdings in First American Financial by 5.7% in the 2nd quarter. BlackRock Inc. now owns 10,865,847 shares of the insurance provider’s stock valued at $561,982,000 after acquiring an additional 586,268 shares during the last quarter. Principal Financial Group Inc. raised its holdings in First American Financial by 70.7% in the 1st quarter. Principal Financial Group Inc. now owns 966,832 shares of the insurance provider’s stock valued at $56,733,000 after acquiring an additional 400,378 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in First American Financial by 791.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 440,727 shares of the insurance provider’s stock valued at $22,794,000 after acquiring an additional 391,283 shares during the last quarter. Victory Capital Management Inc. raised its holdings in First American Financial by 23.3% in the 2nd quarter. Victory Capital Management Inc. now owns 2,031,575 shares of the insurance provider’s stock valued at $105,073,000 after acquiring an additional 384,319 shares during the last quarter. Finally, First Quadrant L P CA raised its holdings in First American Financial by 44.0% in the 2nd quarter. First Quadrant L P CA now owns 540,352 shares of the insurance provider’s stock valued at $27,947,000 after acquiring an additional 165,229 shares during the last quarter. Institutional investors own 83.38% of the company’s stock.

First American Financial stock opened at $46.58 on Friday. First American Financial Corp has a 1-year low of $41.96 and a 1-year high of $62.71. The company has a market capitalization of $5.08 billion, a PE ratio of 10.60, a PEG ratio of 0.78 and a beta of 0.84.

First American Financial (NYSE:FAF) last posted its quarterly earnings results on Thursday, October 25th. The insurance provider reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.02). First American Financial had a net margin of 10.39% and a return on equity of 13.68%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.55 billion. As a group, sell-side analysts forecast that First American Financial Corp will post 4.47 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 10th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 3.61%. First American Financial’s dividend payout ratio (DPR) is 61.09%.

FAF has been the subject of a number of recent research reports. Keefe, Bruyette & Woods upgraded shares of First American Financial from a “market perform” rating to an “outperform” rating and set a $39.00 price objective for the company in a report on Monday, July 16th. Piper Jaffray Companies increased their price target on shares of First American Financial from $63.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, July 27th. ValuEngine cut shares of First American Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Finally, Zacks Investment Research cut shares of First American Financial from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $57.50.

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

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First American Financial Profile

First American Financial Corp. operates as an insurance company. It provides title insurance and settlement services to the real estate and mortgage industries. The company operates its business through the following segments: Title Insurance & Services and Specialty Insurance. The Title Insurance & Services segment provides title insurance, escrow, closing services and similar or related financial services domestically and internationally in connection with residential and commercial real estate transactions.

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

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