Schroder Investment Management Group cut its stake in shares of First American Financial Corp (NYSE:FAF) by 62.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 281,096 shares of the insurance provider’s stock after selling 473,061 shares during the quarter. Schroder Investment Management Group’s holdings in First American Financial were worth $15,752,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Vident Investment Advisory LLC boosted its holdings in First American Financial by 5.5% during the 3rd quarter. Vident Investment Advisory LLC now owns 59,091 shares of the insurance provider’s stock valued at $2,952,000 after acquiring an additional 3,078 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in First American Financial by 35.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 125,023 shares of the insurance provider’s stock valued at $6,247,000 after acquiring an additional 32,616 shares during the period. Boston Partners boosted its holdings in First American Financial by 1.7% during the 3rd quarter. Boston Partners now owns 694,238 shares of the insurance provider’s stock valued at $34,692,000 after acquiring an additional 11,600 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in First American Financial during the 3rd quarter valued at about $387,000. Finally, Smith Graham & Co. Investment Advisors LP boosted its holdings in First American Financial by 21.3% during the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 108,906 shares of the insurance provider’s stock valued at $6,103,000 after acquiring an additional 19,140 shares during the period. Institutional investors own 83.59% of the company’s stock.
In other First American Financial news, COO Christopher Michael Leavell sold 75,843 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $55.25, for a total value of $4,190,325.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.10% of the company’s stock.
Shares of First American Financial Corp (NYSE:FAF) opened at $58.07 on Monday. First American Financial Corp has a fifty-two week low of $37.51 and a fifty-two week high of $62.71. The firm has a market capitalization of $6,443.46, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 1.01 and a beta of 0.79.
First American Financial (NYSE:FAF) last released its quarterly earnings data on Thursday, February 8th. The insurance provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. First American Financial had a return on equity of 13.92% and a net margin of 7.33%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the business posted $0.92 EPS. The business’s revenue was down 1.5% on a year-over-year basis. analysts expect that First American Financial Corp will post 4.44 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 8th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Wednesday, March 7th. First American Financial’s dividend payout ratio (DPR) is currently 40.43%.
First American Financial 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.
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