iSAM Funds UK Ltd Has $206,000 Holdings in First American Financial Corporation $FAF

iSAM Funds UK Ltd lowered its position in First American Financial Corporation (NYSE:FAF) by 70.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,000 shares of the insurance provider’s stock after selling 7,084 shares during the period. iSAM Funds UK Ltd’s holdings in First American Financial were worth $206,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Duncker Streett & Co. Inc. increased its stake in shares of First American Financial by 616.4% in the 1st quarter. Duncker Streett & Co. Inc. now owns 437 shares of the insurance provider’s stock valued at $26,000 after buying an additional 376 shares during the period. Global Retirement Partners LLC lifted its stake in First American Financial by 1,107.5% in the fourth quarter. Global Retirement Partners LLC now owns 483 shares of the insurance provider’s stock valued at $30,000 after buying an additional 443 shares during the period. Danske Bank A S bought a new position in First American Financial during the 3rd quarter worth approximately $45,000. IFP Advisors Inc boosted its position in shares of First American Financial by 568.8% during the fourth quarter. IFP Advisors Inc now owns 749 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 637 shares in the last quarter. Finally, SHP Wealth Management bought a new stake in shares of First American Financial in the fourth quarter worth about $51,000. 89.05% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CAO Steven Adams sold 3,253 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $74.99, for a total transaction of $243,942.47. Following the completion of the sale, the chief accounting officer owned 10,234 shares of the company’s stock, valued at $767,447.66. This trade represents a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

First American Financial Stock Down 4.9%

NYSE:FAF opened at $72.74 on Friday. The firm has a market capitalization of $7.43 billion, a PE ratio of 10.07, a price-to-earnings-growth 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 stock’s 50-day simple moving average is $72.71 and its 200 day simple moving average is $68.24.

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