iSAM Funds UK Ltd Reduces Stock Holdings in First American Financial Corporation $FAF

iSAM Funds UK Ltd decreased its position in shares of First American Financial Corporation (NYSE:FAF) by 70.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,000 shares of the insurance provider’s stock after selling 7,084 shares during the quarter. iSAM Funds UK Ltd’s holdings in First American Financial were worth $206,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new position in First American Financial in the second quarter worth $643,570,000. Boston Partners lifted its position in shares of First American Financial by 8.9% in the third quarter. Boston Partners now owns 6,133,594 shares of the insurance provider’s stock valued at $393,690,000 after acquiring an additional 500,649 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of First American Financial by 4,485,375.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,786,263 shares of the insurance provider’s stock worth $355,508,000 after buying an additional 5,786,134 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of First American Financial by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,636,464 shares of the insurance provider’s stock worth $279,529,000 after buying an additional 245,279 shares in the last quarter. Finally, Capital Research Global Investors boosted its position in First American Financial by 3.3% during the fourth quarter. Capital Research Global Investors now owns 3,415,825 shares of the insurance provider’s stock worth $209,868,000 after acquiring an additional 109,242 shares during the last quarter. 89.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FAF. Zacks Research downgraded shares of First American Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Barclays raised their price objective on First American Financial from $80.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Keefe, Bruyette & Woods increased their price target on First American Financial from $84.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Benchmark initiated coverage on shares of First American Financial in a report on Tuesday, July 21st. They issued a “buy” rating and a $85.00 price target for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of First American Financial in a research note on Monday, July 20th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.60.

Insider Buying and Selling at First American Financial

In other news, CAO Steven Adams sold 3,253 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $74.99, for a total value of $243,942.47. Following the sale, the chief accounting officer owned 10,234 shares in the company, valued at approximately $767,447.66. This trade represents a 24.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

First American Financial Stock Performance

Shares of FAF opened at $72.74 on Friday. The firm has a market cap of $7.43 billion, a PE ratio of 10.07, a PEG ratio of 0.71 and a beta of 1.21. First American Financial Corporation has a twelve month low of $56.20 and a twelve month high of $79.87. The firm’s 50 day moving average price is $72.71 and its 200 day moving average price is $68.24.

First American Financial (NYSE:FAF) last posted its earnings results on Wednesday, July 22nd. The insurance provider reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.28. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.03 billion. First American Financial had a return on equity of 13.31% and a net margin of 9.33%.The business’s revenue was up 15.0% compared to the same quarter last year. During the same period last year, the company earned $1.53 earnings per share. On average, sell-side analysts anticipate that First American Financial Corporation will post 7.11 earnings per share for the current fiscal year.

About First American Financial

First American Financial Corporation is a leading provider of title insurance, settlement services and diversified real estate-related data and analytics. Headquartered in Santa Ana, California, the company serves customers throughout the United States as well as in Canada, Europe, Latin America and Asia. Its business is built on the underwriting capabilities of its title insurance operations combined with comprehensive closing and escrow services for homebuyers, sellers, mortgage lenders and real estate professionals.

The company’s title insurance segment issues policies that protect property owners and mortgage lenders against defects in titles, liens or encumbrances that can arise during real property transactions.