Ensemble Capital Management Lowers stake in First American Financial Corp (FAF)

First American Financial Corp (FAF) : Ensemble Capital Management reduced its stake in First American Financial Corp by 5.84% during the most recent quarter end. The investment management company now holds a total of 481,360 shares of First American Financial Corp which is valued at $17.9 Million after selling 29,830 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 5.43% of Ensemble Capital Management’s portfolio.

Other Hedge Funds, Including , Alliancebernstein reduced its stake in FAF by selling 62,614 shares or 1.16% in the most recent quarter. The Hedge Fund company now holds 5,354,222 shares of FAF which is valued at $199 Million. First American Financial Corp makes up approx 0.17% of Alliancebernstein’s portfolio.Ubs Asset Management Americas Inc reduced its stake in FAF by selling 10,587 shares or 11.55% in the most recent quarter. The Hedge Fund company now holds 81,050 shares of FAF which is valued at $3 Million.Engineers Gate Manager Lp reduced its stake in FAF by selling 76,318 shares or 93.32% in the most recent quarter. The Hedge Fund company now holds 5,461 shares of FAF which is valued at $202,985. First American Financial Corp makes up approx 0.02% of Engineers Gate Manager Lp’s portfolio. Hanseatic Management Services Inc sold out all of its stake in FAF during the most recent quarter. The investment firm sold 405 shares of FAF which is valued $14,827.Pitcairn Co reduced its stake in FAF by selling 373 shares or 3.91% in the most recent quarter. The Hedge Fund company now holds 9,160 shares of FAF which is valued at $329,943. First American Financial Corp makes up approx 0.04% of Pitcairn Co’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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