Underhill Investment Management Lowers stake in First American Financial Corp (FAF)

First American Financial Corp (FAF) : Underhill Investment Management reduced its stake in First American Financial Corp by 2.73% during the most recent quarter end. The investment management company now holds a total of 486,800 shares of First American Financial Corp which is valued at $17,534,536 after selling 13,650 shares in First American Financial Corp , the firm said in a disclosure report filed with the SEC on Apr 26, 2016.First American Financial Corp makes up approximately 8.95% of Underhill Investment Management’s portfolio.

First American Financial Corp opened for trading at $36.08 and hit $37.06 on the upside on Monday, eventually ending the session at $36.7, with a gain of 1.89% or 0.68 points. The heightened volatility saw the trading volume jump to 16,10,938 shares. Company has a market cap of $4,021 M.

Other Hedge Funds, Including , Glenmede Trust Co Na boosted its stake in FAF in the latest quarter, The investment management firm added 160 additional shares and now holds a total of 1,525 shares of First American Financial Corp which is valued at $54,931.New York State Teachers Retirement System boosted its stake in FAF in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 248,223 shares of First American Financial Corp which is valued at $8,918,652. First American Financial Corp makes up approx 0.02% of New York State Teachers Retirement System’s portfolio.Fisher Asset Management boosted its stake in FAF in the latest quarter, The investment management firm added 521,558 additional shares and now holds a total of 1,386,341 shares of First American Financial Corp which is valued at $49,811,232. First American Financial Corp makes up approx 0.10% of Fisher Asset Management’s portfolio.Gemmer Asset Management boosted its stake in FAF in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 172 shares of First American Financial Corp which is valued at $6,271.

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.

Many Wall Street Analysts have commented on First American Financial Corp. Shares were Reiterated by Barclays on Feb 12, 2016 to “Overweight” and Lowered the Price Target to $ 41 from a previous price target of $43 .

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.

Leave a Reply

First American Financial Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on First American Financial Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.