Yorktown Management & Research Co Inc Sells 18,000 Shares of First American Financial Corp (NYSE:FAF)

Yorktown Management & Research Co Inc lowered its stake in First American Financial Corp (NYSE:FAF) by 60.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 11,921 shares of the insurance provider’s stock after selling 18,000 shares during the quarter. Yorktown Management & Research Co Inc’s holdings in First American Financial were worth $640,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FAF. Dimensional Fund Advisors LP grew its position in First American Financial by 9.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,190,025 shares of the insurance provider’s stock worth $97,765,000 after purchasing an additional 195,946 shares during the last quarter. Geode Capital Management LLC grew its position in First American Financial by 8.0% in the 4th quarter. Geode Capital Management LLC now owns 1,758,263 shares of the insurance provider’s stock worth $78,488,000 after purchasing an additional 130,582 shares during the last quarter. State of Alaska Department of Revenue grew its position in First American Financial by 86.7% in the 1st quarter. State of Alaska Department of Revenue now owns 21,510 shares of the insurance provider’s stock worth $1,107,000 after purchasing an additional 9,986 shares during the last quarter. Oakbrook Investments LLC grew its position in First American Financial by 45.1% in the 1st quarter. Oakbrook Investments LLC now owns 11,900 shares of the insurance provider’s stock worth $613,000 after purchasing an additional 3,700 shares during the last quarter. Finally, Strs Ohio acquired a new stake in First American Financial in the 1st quarter worth $503,000. Hedge funds and other institutional investors own 83.10% of the company’s stock.

Shares of First American Financial stock traded up $0.66 during trading on Friday, hitting $57.85. 614,000 shares of the company’s stock traded hands, compared to its average volume of 667,796. The firm’s fifty day moving average price is $55.83 and its 200 day moving average price is $53.70. First American Financial Corp has a twelve month low of $41.96 and a twelve month high of $58.82. The company has a market cap of $6.42 billion, a PE ratio of 12.63, a PEG ratio of 1.05 and a beta of 0.91.



First American Financial (NYSE:FAF) last issued its earnings results on Thursday, July 25th. The insurance provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.23. First American Financial had a net margin of 9.36% and a return on equity of 14.77%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the business earned $1.37 EPS. The firm’s revenue was up .5% on a year-over-year basis. As a group, research analysts predict that First American Financial Corp will post 4.93 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Monday, September 9th will be given a dividend of $0.42 per share. The ex-dividend date is Friday, September 6th. This represents a $1.68 annualized dividend and a dividend yield of 2.90%. First American Financial’s dividend payout ratio (DPR) is currently 36.68%.

In other news, COO Christopher Michael Leavell sold 10,006 shares of First American Financial stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $57.99, for a total transaction of $580,247.94. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 3.00% of the stock is currently owned by insiders.

FAF has been the topic of several research analyst reports. Barclays set a $68.00 price target on shares of First American Financial and gave the stock a “buy” rating in a research report on Friday, July 26th. Compass Point set a $60.00 price target on shares of First American Financial and gave the stock a “hold” rating in a research report on Friday, July 26th. Susquehanna Bancshares initiated coverage on shares of First American Financial in a research report on Wednesday, June 19th. They issued a “positive” rating and a $73.00 price target on the stock. Finally, Piper Jaffray Companies set a $68.00 price target on shares of First American Financial and gave the stock a “buy” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $66.00.

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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