Insider Selling: First American Corporation (The) (FAF) Insider Sells $404,342.07 in Stock

First American Corporation (The) (NYSE:FAF) insider Kenneth D. Degiorgio sold 7,337 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $55.11, for a total transaction of $404,342.07. The sale was disclosed in a document filed with the SEC, which is available through this link.

First American Corporation (FAF) opened at $54.25 on Friday. First American Corporation has a one year low of $35.28 and a one year high of $56.40. The firm has a market cap of $6,011.82, a price-to-earnings ratio of 15.41, a PEG ratio of 1.18 and a beta of 0.74.

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

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Thursday, December 7th. First American Corporation (The)’s dividend payout ratio is presently 60.08%.

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Several brokerages have issued reports on FAF. Zacks Investment Research downgraded shares of First American Corporation (The) from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Barclays PLC boosted 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 research note on Friday, October 27th.

Large investors have recently modified their holdings of the stock. Creative Planning boosted its holdings in First American Corporation (The) by 5.3% in the second quarter. Creative Planning now owns 2,284 shares of the insurance provider’s stock worth $102,000 after purchasing an additional 114 shares in the last quarter. First Bank & Trust boosted its holdings in First American Corporation (The) by 46.6% in the second quarter. First Bank & Trust now owns 2,622 shares of the insurance provider’s stock worth $117,000 after purchasing an additional 833 shares in the last quarter. Acrospire Investment Management LLC boosted its holdings in First American Corporation (The) by 352.3% in the second quarter. Acrospire Investment Management LLC now owns 2,696 shares of the insurance provider’s stock worth $120,000 after purchasing an additional 2,100 shares in the last quarter. Quantbot Technologies LP boosted its holdings in First American Corporation (The) by 78.1% in the second quarter. Quantbot Technologies LP now owns 3,061 shares of the insurance provider’s stock worth $136,000 after purchasing an additional 1,342 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in First American Corporation (The) by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,808 shares of the insurance provider’s stock worth $170,000 after purchasing an additional 298 shares in the last quarter. Hedge funds and other institutional investors own 83.59% of the company’s stock.

About First American Corporation (The)

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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