Ariel Investments Lowers stake in First American Financial Corp (FAF)

First American Financial Corp (FAF) : Ariel Investments reduced its stake in First American Financial Corp by 2.65% during the most recent quarter end. The investment management company now holds a total of 5,981,316 shares of First American Financial Corp which is valued at $222.3 Million after selling 162,824 shares in First American Financial Corp , the firm said in a disclosure report filed with the SEC on May 13, 2016.First American Financial Corp makes up approximately 2.73% of Ariel Investments’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc reduced its stake in FAF by selling 48,786 shares or 0.55% in the most recent quarter. The Hedge Fund company now holds 8,801,699 shares of FAF which is valued at $327.2 Million. First American Financial Corp makes up approx 0.02% of Vanguard Group Inc’s portfolio.Cwh Capital Management reduced its stake in FAF by selling 2,667 shares or 3.45% in the most recent quarter. The Hedge Fund company now holds 74,648 shares of FAF which is valued at $2.7 Million. First American Financial Corp makes up approx 1.94% of Cwh Capital Management’s portfolio.Schwab Charles Investment Management Inc boosted its stake in FAF in the latest quarter, The investment management firm added 22,322 additional shares and now holds a total of 539,727 shares of First American Financial Corp which is valued at $19.8 Million. First American Financial Corp makes up approx 0.03% of Schwab Charles Investment Management Inc’s portfolio.Retirement Systems Of Alabama boosted its stake in FAF in the latest quarter, The investment management firm added 931 additional shares and now holds a total of 140,662 shares of First American Financial Corp which is valued at $5.1 Million. First American Financial Corp makes up approx 0.03% of Retirement Systems Of Alabama’s portfolio.

First American Financial Corp closed down -0.37 points or -0.97% at $37.7 with 4,65,244 shares getting traded on Wednesday. Post opening the session at $38.19, the shares hit an intraday low of $37.48 and an intraday high of $38.26 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, First American Financial Corp reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.37. The company had revenue of $1201.70 million for the quarter, compared to analysts expectations of $1135.59 million. The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS.

Investors should note that on May 10, 2016, First American Financial Corp announced a cash dividend of $0.2600. The company’s management has announced Jun 6, 2016 as the ex-dividend date and fixed the record date on Jun 8, 2016. The payable date has been fixed on Jun 15, 2016.

First American Financial Corporation (FAF) is a holding company. Through its subsidiaries the Company is engaged in the business of providing financial services. The Company operates in two segments: Title Insurance and Services segment and Specialty Insurance segment. The Title Insurance and Services segment issues title insurance policies on residential and commercial property. This segment also provides closing and escrow services; accommodates tax-deferred exchanges of real estate and provides banking trust and investment advisory services. The Company’s specialty insurance segment issues property and casualty insurance policies and sells home warranty products. The property and casualty insurance business provides insurance coverage to residential homeowners and renters for liability losses and typical hazards such as fire theft vandalism and other types of property damage. The Company’s subsidiary is First American Title Insurance Company and First American Trust FSB.

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