Anchor Capital Advisors Lowers stake in First American Financial Corp (FAF)

First American Financial Corp (FAF) : Anchor Capital Advisors reduced its stake in First American Financial Corp by 3.12% during the most recent quarter end. The investment management company now holds a total of 1,719,366 shares of First American Financial Corp which is valued at $70,304,876 after selling 55,282 shares in First American Financial Corp , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.First American Financial Corp makes up approximately 1.80% of Anchor Capital Advisors’s portfolio.

Other Hedge Funds, Including , Ngam Advisors boosted its stake in FAF in the latest quarter, The investment management firm added 2,552 additional shares and now holds a total of 370,586 shares of First American Financial Corp which is valued at $15,153,262. First American Financial Corp makes up approx 0.20% of Ngam Advisors’s portfolio. Ibm Retirement Fund added FAF to its portfolio by purchasing 10,766 company shares during the most recent quarter which is valued at $456,909. First American Financial Corp makes up approx 0.02% of Ibm Retirement Fund’s portfolio.Fox Run Management L.l.c. reduced its stake in FAF by selling 3,300 shares or 35.11% in the most recent quarter. The Hedge Fund company now holds 6,100 shares of FAF which is valued at $253,455. First American Financial Corp makes up approx 0.12% of Fox Run Management L.l.c.’s portfolio. Washington Trust Bank sold out all of its stake in FAF during the most recent quarter. The investment firm sold 675 shares of FAF which is valued $28,114.

First American Financial Corp closed down -0.02 points or -0.05% at $40.87 with 5,99,102 shares getting traded on Thursday. Post opening the session at $40.99, the shares hit an intraday low of $40.75 and an intraday high of $41.15 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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