SG Americas Securities LLC boosted its stake in shares of First American Financial Corp (NYSE:FAF) by 58.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,557 shares of the insurance provider’s stock after acquiring an additional 25,944 shares during the quarter. SG Americas Securities LLC’s holdings in First American Financial were worth $3,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Penserra Capital Management LLC purchased a new stake in First American Financial during the 1st quarter valued at about $25,000. Cornerstone Advisors Inc. purchased a new stake in First American Financial during the 1st quarter valued at about $27,000. Quantamental Technologies LLC boosted its holdings in First American Financial by 330.0% during the 1st quarter. Quantamental Technologies LLC now owns 860 shares of the insurance provider’s stock valued at $44,000 after acquiring an additional 660 shares during the period. Quadrant Capital Group LLC boosted its holdings in First American Financial by 1,170.5% during the 1st quarter. Quadrant Capital Group LLC now owns 991 shares of the insurance provider’s stock valued at $49,000 after acquiring an additional 913 shares during the period. Finally, Bremer Bank National Association purchased a new stake in First American Financial during the 1st quarter valued at about $61,000. Institutional investors own 83.10% of the company’s stock.

FAF has been the subject of several analyst reports. Piper Jaffray Companies set a $68.00 target price on First American Financial and gave the company a “buy” rating in a report on Friday, July 26th. Zacks Investment Research upgraded First American Financial from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Tuesday, April 16th. Barclays set a $68.00 price target on First American Financial and gave the company a “buy” rating in a research report on Friday, July 26th. Compass Point set a $60.00 price target on First American Financial and gave the company a “hold” rating in a research report on Friday, July 26th. Finally, Susquehanna Bancshares initiated coverage on First American Financial in a research report on Wednesday, June 19th. They set a “positive” rating and a $73.00 price target for the company. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $66.00.

In related news, COO Christopher Michael Leavell sold 10,006 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $57.99, for a total transaction of $580,247.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

FAF traded up $0.06 during midday trading on Tuesday, reaching $57.32. 5,592 shares of the company’s stock traded hands, compared to its average volume of 639,860. The firm has a fifty day moving average price of $55.63. The company has a market cap of $6.41 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.07 and a beta of 0.91. First American Financial Corp has a 52 week low of $41.96 and a 52 week high of $58.82.

First American Financial (NYSE:FAF) last released its quarterly earnings results on Thursday, July 25th. The insurance provider reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.23. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.52 billion. First American Financial had a return on equity of 14.77% and a net margin of 9.36%. First American Financial’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.37 EPS. Sell-side analysts expect that First American Financial Corp will post 4.86 EPS for the current year.

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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