Vaughan Nelson Investment Management buys $169,084,040 stake in First American Financial Corp (FAF)

First American Financial Corp (FAF) : Vaughan Nelson Investment Management scooped up 91,750 additional shares in First American Financial Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 4,131,054 shares of First American Financial Corp which is valued at $169,084,040.First American Financial Corp makes up approximately 2.06% of Vaughan Nelson Investment Management’s portfolio.

Other Hedge Funds, Including , Hightower Advisors sold out all of its stake in FAF during the most recent quarter. The investment firm sold 18,653 shares of FAF which is valued $763,467.Finemark National Bank Trust reduced its stake in FAF by selling 12 shares or 0.83% in the most recent quarter. The Hedge Fund company now holds 1,430 shares of FAF which is valued at $58,258. First American Financial Corp makes up approx 0.01% of Finemark National Bank Trust’s portfolio. Airain Ltd added FAF to its portfolio by purchasing 45,647 company shares during the most recent quarter which is valued at $1,856,920. First American Financial Corp makes up approx 0.11% of Airain Ltd’s portfolio.Louisiana State Employees Retirement System reduced its stake in FAF by selling 1,200 shares or 3.96% in the most recent quarter. The Hedge Fund company now holds 29,100 shares of FAF which is valued at $1,215,798. First American Financial Corp makes up approx 0.06% of Louisiana State Employees Retirement System’s portfolio.Checchi Capital Advisers reduced its stake in FAF by selling 94 shares or 18.61% in the most recent quarter. The Hedge Fund company now holds 411 shares of FAF which is valued at $17,443.

First American Financial Corp closed down -0.07 points or -0.16% at $42.58 with 5,57,036 shares getting traded on Tuesday. Post opening the session at $42.71, the shares hit an intraday low of $42.46 and an intraday high of $42.78 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

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.