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 14.34% during the most recent quarter end. The investment management company now holds a total of 412,320 shares of First American Financial Corp which is valued at $16,876,258 after selling 69,040 shares in First American Financial Corp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.First American Financial Corp makes up approximately 4.56% of Ensemble Capital Management’s portfolio.

Other Hedge Funds, Including , Grantham Mayo Van Otterloo boosted its stake in FAF in the latest quarter, The investment management firm added 7,676 additional shares and now holds a total of 550,301 shares of First American Financial Corp which is valued at $22,523,820. First American Financial Corp makes up approx 0.09% of Grantham Mayo Van Otterloo’s portfolio.Texas Permanent School Fund reduced its stake in FAF by selling 3,405 shares or 3.91% in the most recent quarter. The Hedge Fund company now holds 83,784 shares of FAF which is valued at $3,429,279. First American Financial Corp makes up approx 0.04% of Texas Permanent School Fund’s portfolio.Boston Partners boosted its stake in FAF in the latest quarter, The investment management firm added 12,385 additional shares and now holds a total of 1,242,197 shares of First American Financial Corp which is valued at $50,532,574. First American Financial Corp makes up approx 0.07% of Boston Partners’s portfolio. Brc Investment Management added FAF to its portfolio by purchasing 20,524 company shares during the most recent quarter which is valued at $834,916. First American Financial Corp makes up approx 0.14% of Brc Investment Management’s portfolio.

First American Financial Corp opened for trading at $43.02 and hit $43.39 on the upside on Monday, eventually ending the session at $43.28, with a gain of 1.00% or 0.43 points. The heightened volatility saw the trading volume jump to 5,36,245 shares. Company has a market cap of $4,749 M.

On the company’s financial health, First American Financial Corp reported $0.92 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.82. The company had revenue of $1361.50 million for the quarter, compared to analysts expectations of $1378.98 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS.

Investors should note that on Aug 17, 2016, First American Financial Corp announced a cash dividend of $0.3400. The company’s management has announced Sep 6, 2016 as the ex-dividend date and fixed the record date on Sep 8, 2016. The payable date has been fixed on Sep 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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