Ariel Investments LLC Has Decreased Its Position in First American Financial Corp. (FAF) as Shares Rose

April 23, 2018 - By Ellis Scott

First American Financial Corporation (NYSE:FAF) LogoInvestors sentiment increased to 1.11 in 2017 Q4. Its up 0.09, from 1.02 in 2017Q3. It improved, as 19 investors sold FAF shares while 112 reduced holdings. 53 funds opened positions while 92 raised stakes. 90.20 million shares or 0.16% less from 90.34 million shares in 2017Q3 were reported. Round Table Svcs Ltd Co owns 0.07% invested in First American Financial Corporation (NYSE:FAF) for 3,750 shares. Becker Cap has invested 0.01% of its portfolio in First American Financial Corporation (NYSE:FAF). First Midwest Savings Bank Tru Division invested 0.07% of its portfolio in First American Financial Corporation (NYSE:FAF). Washington-based Parametric Assoc Ltd has invested 0.01% in First American Financial Corporation (NYSE:FAF). Rhumbline Advisers has 0.03% invested in First American Financial Corporation (NYSE:FAF). Teachers Retirement System Of The State Of Kentucky reported 24,530 shares stake. Alliancebernstein Limited Partnership has invested 0.11% of its portfolio in First American Financial Corporation (NYSE:FAF). Sg Americas Securities Limited Com reported 88,996 shares. Horizon Invest Limited Liability Corp invested 2.2% in First American Financial Corporation (NYSE:FAF). Louisiana State Employees Retirement invested in 0.07% or 28,000 shares. Riverhead Cap Limited invested in 16,091 shares. Geode Capital Management Lc has 1.15 million shares for 0.02% of their portfolio. Basswood Cap Mgmt Ltd Company holds 0.35% or 134,358 shares. Jane Street Group Lc reported 0% stake. Manufacturers Life Insur The has invested 0.01% in First American Financial Corporation (NYSE:FAF).

John W. Rogers decreased its stake in First American Financial Corp. (FAF) by 9.1% based on its latest 2017Q4 regulatory filing with the SEC. Ariel Investments Llc sold 474,518 shares as the company’s stock rose 2.97% while stock markets declined. The hedge fund run by John W. Rogers held 4.74M shares of the specialty insurers company at the end of 2017Q4, valued at $265.58M, down from 5.21 million at the end of the previous reported quarter. Ariel Investments Llc who had been investing in First American Financial Corp. for a number of months, seems to be less bullish one the $6.04B market cap company. The stock decreased 0.57% or $0.31 during the last trading session, reaching $54.26. About 574,173 shares traded. First American Financial Corporation (NYSE:FAF) has risen 49.42% since April 23, 2017 and is uptrending. It has outperformed by 37.87% the S&P500.

Ariel Investments Llc, which manages about $8.99B and $8.86B US Long portfolio, upped its stake in Nordstrom Inc. (NYSE:JWN) by 109,753 shares to 1.30 million shares, valued at $61.74 million in 2017Q4, according to the filing. It also increased its holding in Cardinal Health Inc. (NYSE:CAH) by 126,122 shares in the quarter, for a total of 861,809 shares, and has risen its stake in Tenaris Adr (NYSE:TS).

Analysts await First American Financial Corporation (NYSE:FAF) to report earnings on April, 26 before the open. They expect $0.64 earnings per share, up 28.00 % or $0.14 from last year’s $0.5 per share. FAF’s profit will be $71.29 million for 21.20 P/E if the $0.64 EPS becomes a reality. After $0.95 actual earnings per share reported by First American Financial Corporation for the previous quarter, Wall Street now forecasts -32.63 % negative EPS growth.

First American Financial Corporation (NYSE:FAF) Ratings Coverage

Among 2 analysts covering First American Financial (NYSE:FAF), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. First American Financial had 3 analyst reports since October 27, 2017 according to SRatingsIntel. Stephens upgraded First American Financial Corporation (NYSE:FAF) on Monday, January 8 to “Overweight” rating. The firm earned “Overweight” rating on Friday, October 27 by Barclays Capital. The firm earned “Overweight” rating on Friday, February 9 by Barclays Capital.

First American Financial Corporation (NYSE:FAF) Institutional Positions Chart

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