Insider Selling: First American Corporation (The) (FAF) CFO Sells $547,657.47 in Stock

First American Corporation (The) (NYSE:FAF) CFO Mark Edward Seaton sold 9,981 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $54.87, for a total value of $547,657.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Mark Edward Seaton also recently made the following trade(s):

  • On Friday, August 18th, Mark Edward Seaton sold 7,000 shares of First American Corporation (The) stock. The stock was sold at an average price of $48.33, for a total value of $338,310.00.

First American Corporation (FAF) opened at $54.25 on Friday. The stock has a market capitalization of $6,011.82, a price-to-earnings ratio of 15.41, a PEG ratio of 1.18 and a beta of 0.74. First American Corporation has a 12-month low of $35.28 and a 12-month high of $56.40.

First American Corporation (The) (NYSE:FAF) last issued its quarterly earnings results on Thursday, October 26th. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.12. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. First American Corporation (The) had a return on equity of 14.30% and a net margin of 4.88%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 earnings per share. research analysts predict that First American Corporation will post 3.52 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 8th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Thursday, December 7th. First American Corporation (The)’s payout ratio is presently 60.08%.

WARNING: This story was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this story on another publication, it was copied illegally and reposted in violation of international copyright laws. The legal version of this story can be viewed at https://www.chaffeybreeze.com/2017/11/12/insider-selling-first-american-corporation-the-faf-cfo-sells-547657-47-in-stock.html.

Hedge funds have recently modified their holdings of the company. Creative Planning increased its position in shares of First American Corporation (The) by 5.3% during the second quarter. Creative Planning now owns 2,284 shares of the insurance provider’s stock worth $102,000 after purchasing an additional 114 shares in the last quarter. First Bank & Trust increased its position in shares of First American Corporation (The) by 46.6% during the second quarter. First Bank & Trust now owns 2,622 shares of the insurance provider’s stock worth $117,000 after purchasing an additional 833 shares in the last quarter. Acrospire Investment Management LLC increased its position in shares of First American Corporation (The) by 352.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,696 shares of the insurance provider’s stock valued at $120,000 after acquiring an additional 2,100 shares during the period. Quantbot Technologies LP increased its position in shares of First American Corporation (The) by 78.1% in the 2nd quarter. Quantbot Technologies LP now owns 3,061 shares of the insurance provider’s stock valued at $136,000 after acquiring an additional 1,342 shares during the period. Finally, Macquarie Group Ltd. acquired a new position in shares of First American Corporation (The) in the 3rd quarter valued at $190,000. 83.59% of the stock is currently owned by institutional investors and hedge funds.

FAF has been the subject of a number of analyst reports. Zacks Investment Research lowered First American Corporation (The) from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Barclays PLC upped their target price on First American Corporation (The) from $52.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, October 27th.

About First American Corporation (The)

First American Financial Corporation, through its subsidiaries, is engaged in the business of providing financial services. The Company operates through the title insurance and services segment, and specialty insurance segment. The title insurance and services segment provides title insurance, closing and/or escrow services and similar or related services domestically and internationally in connection with residential and commercial real estate transactions.

Receive News & Ratings for First American Corporation (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First American Corporation (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply