Amendment: SEC Form SC 13G/A filed by First American Corporation (New)

$FAF
Specialty Insurers
Finance
Get the next $FAF alert in real time by email
SC 13G/A 1 faf1112241sc13ga3.htm AMENDMENT NO. 3

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G/A

(Amendment 3)

Under the Securities Exchange Act of 1934

 

FIRST AMERICAN FINANCIAL CORPORATION

_____________________________________________________

(Name of Issuer)

 

Common Stock, par value $0.00001 per share

_____________________________________________________

(Title of Class of Securities)

 

31847R102

_____________________________________________________

(CUSIP Number)

 

 

September 30, 2024

___________________________________________________

(Date of Event Which Requires Filing of this Statement)

 

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

☒   Rule 13d-1(b)

 

☐   Rule 13d-1(c)

 

☐   Rule 13d-1(d)

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

  Page 1 of 7
 

 

CUSIP NO.: 31847R102

 

(1)NAME OF REPORTING PERSON: HG Vora Capital Management, LLC

 

(2)CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)    ☐
(b)    ☐

 

(3)SEC USE ONLY

 

(4)CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware

 

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

 

(5)SOLE VOTING POWER: 0

 

(6)SHARED VOTING POWER: 3,800,000

 

(7)SOLE DISPOSITIVE POWER: 0

 

(8)SHARED DISPOSITIVE POWER: 3,800,000

 

(9)AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 3,800,000

 

(10)CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ☐

 

(11)PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 3.7%

 

(12)TYPE OF REPORTING PERSON: IA, OO (Delaware Limited Liability Company)

 

  Page 2 of 7
 

 

CUSIP NO.: 31847R102

 

(1)NAME OF REPORTING PERSON: Parag Vora

 

(2)CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)    ☐
(b)    ☐

 

(3)SEC USE ONLY

 

(4)CITIZENSHIP OR PLACE OF ORGANIZATION: United States

 

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

 

(5)SOLE VOTING POWER: 0

 

(6)SHARED VOTING POWER: 3,800,000

 

(7)SOLE DISPOSITIVE POWER: 0

 

(8)SHARED DISPOSITIVE POWER: 3,800,000

 

(9)AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 3,800,000

 

(10)CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES    ☐

 

(11)PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 3.7%

 

(12)TYPE OF REPORTING PERSON: IN

 

  Page 3 of 7
 

 

Item 1.(a)      Name of Issuer

 

FIRST AMERICAN FINANCIAL CORPORATION

 

(b)       Address of principal executive offices

 

1 First American Way

Santa Ana, CA 92707-5913

 

Item 2.(a)       Name of Person Filing

 

This statement is filed by HG Vora Capital Management, LLC, a Delaware limited liability company (the “Investment Manager”), and Parag Vora, the Manager of the Investment Manager (the “Principal). The foregoing persons hereinafter sometimes are referred to as the “Reporting Persons.” Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.

 

(b)       Address of principal executive offices

 

The business office address of the Reporting Persons is 330 Madison Avenue, 21st Floor, New York, NY 10017.

 

(c)       Citizenship

 

The Investment Manager is a Delaware limited liability company. The Principal is a United States citizen.

 

(d)       Title of Class of Securities

 

Common Stock, $0.00001 par value per share (the “Common Stock”).

 

(e)       CUSIP Number

 

31847R102

 

Item 3.Not applicable.

 

Item 4.Ownership.

 

A.       HG Vora Capital Management, LLC

 

(a)       Amount beneficially owned:

 

As of September 30, 2024, may be deemed to beneficially own: 3,800,000 shares of Common Stock.

 

(b)       Percent of class:

 

3.7% .

 

  Page 4 of 7
 

 

(c)       Number of shares as to which the person has:

 

(i)       Sole power to vote or to direct the vote: 0

 

(ii)       Shared power to vote or to direct the vote: 3,800,000

 

(iii)       Sole power to dispose or to direct the disposition of: 0

 

(iv)       Shared power to dispose or to direct the disposition of: 3,800,000

 

B.       Parag Vora

 

(a)       Amount beneficially owned:

 

As of September 30, 2024, may be deemed to beneficially own: 3,800,000 shares of Common Stock.

 

(b)       Percent of class:

 

3.7% .

 

(c)       Number of shares as to which the person has:

 

(i)       Sole power to vote or to direct the vote: 0

 

(ii)       Shared power to vote or to direct the vote: 3,800,000

 

(iii)       Sole power to dispose or to direct the disposition of: 0

 

(iv)       Shared power to dispose or to direct the disposition of: 3,800,000

 

Item 5.Ownership of Five Percent or Less of a Class.

 

If this statement is being filed to report the fact that as of the date hereof, the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following .

 

Item 6.Ownership of More than Five Percent on Behalf of Another Person.

 

Not applicable.

 

Item 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

 

Not applicable.

 

  Page 5 of 7
 

 

Item 8.Identification and Classification of Members of the Group.

 

Not applicable.

 

Item 9.Notice of Dissolution of Group.

 

Not applicable.

 

Item 10.Certification.

 

Each of the Reporting Persons hereby makes the following certification:

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

  Page 6 of 7
 

 

SIGNATURE

 

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

November 14, 2024

 

 

 

  HG VORA CAPITAL MANAGEMENT, LLC
     
  By: /s/ Parag Vora
  Name:  Parag Vora
  Title:    Manager
   
     
  By: /s/ Parag Vora
  Name:  Parag Vora

 

 

Page 7 of 7

 

 

Get the next $FAF alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$FAF

DatePrice TargetRatingAnalyst
4/8/2025$75.00Mkt Perform → Outperform
Keefe Bruyette
12/10/2024$80.00Outperform → Mkt Perform
Keefe Bruyette
3/21/2024$66.00 → $69.00Mkt Perform → Outperform
Keefe Bruyette
1/10/2024Buy
Deutsche Bank
11/15/2023$53.00Equal Weight
Barclays
7/18/2023Neutral
BTIG Research
2/10/2023$65.00 → $72.00Equal-Weight → Overweight
Stephens
12/15/2022$61.00Outperform → Mkt Perform
Keefe Bruyette
More analyst ratings

$FAF
Press Releases

Fastest customizable press release news feed in the world

See more
  • First American Data & Analytics Launches VeriTitle™, a First-of-its-Kind Solution Designed to Accelerate the Mortgage and Home Equity Loan Origination Process

    First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (NYSE:FAF), has introduced VeriTitle™, a first-of-its kind solution designed to accelerate the mortgage and home equity loan origination process by delivering critical title intelligence to lenders as borrowers begin their loan applications. "VeriTitle helps lenders streamline decision-making and fuels faster, more efficient closings, helping foster stronger relationships with their borrowers and grow their mortgage and home equity business," said Robert Karraa, president of First American Data & Analyti

    $FAF
    Specialty Insurers
    Finance
  • First American Financial Corporation Elevates Mark E. Seaton to Chief Executive Officer

    Matt F. Wajner Appointed Chief Financial Officer First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced a number of leadership changes, most prominently that Chief Financial Officer Mark E. Seaton has been appointed Chief Executive Officer. Seaton replaces departing CEO Ken DeGiorgio. In addition, Treasurer Matt F. Wajner has been promoted to Chief Financial Officer and Chairman of the Board Dennis J. Gilmore will move to Executive Chairman of First American. "We are looking forward to our next chapter under the strong leadership

    $FAF
    Specialty Insurers
    Finance
  • First American Financial Announces First Quarter 2025 Earnings Conference Call

    —Earnings release dates for remainder of 2025— First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced that it will host a conference call to discuss its first-quarter 2025 earnings results on Thursday, April 24, 2025, at 11 a.m. EDT. The call will follow the release of the company's earnings results for the first quarter of 2025, which is scheduled for Wednesday, April 23, 2025, after the close of regular trading. The conference call is open to investors, members of the financial community, the media and other members of the publ

    $FAF
    Specialty Insurers
    Finance

$FAF
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$FAF
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$FAF
SEC Filings

See more

$FAF
Leadership Updates

Live Leadership Updates

See more
  • First American Financial Corporation Appoints Deborah L. Wahl to Board of Directors

    First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, announced today that Deborah L. Wahl has been appointed to the company's board of directors. Considered an innovator among global chief marketing officers (CMO), Wahl has earned a reputation for developing and driving transformational corporate strategy. Wahl's impressive career includes serving as CMO for several premier consumer product brands, including General Motors, Cadillac, and McDonald's, as well as PulteGroup, one of the largest homebuilding companies in the country. She has consiste

    $FAF
    Specialty Insurers
    Finance
  • Mother Lode Holding Company Acquires Wisconsin Title Service Company Inc. and Its Sister Company

    —Purchase expands Mother Lode's footprint into Wisconsin— Mother Lode Holding Company, a California-based provider of title insurance, underwriting and escrow services for residential and commercial real estate transactions and a subsidiary of First American Financial Corporation (NYSE:FAF), today announced the acquisition of Wisconsin Title Service Company, Inc., a Wisconsin-based title insurance agency with a deep history in the state. The acquisition included Wisconsin Title Service Company's sister company, Wisconsin Title Closing Service, Inc., as well as its title plants in Milwaukee, Waukesha, Walworth and Washington counties. "We are pleased to welcome Wisconsin Title Service Co

    $FAF
    Specialty Insurers
    Finance
  • FirstFunding® Names Matt Coles National Sales Manager

    FirstFunding Inc., a wholly owned subsidiary of First American Financial Corporation that provides warehouse funding to correspondent lenders, community banks, credit unions and secondary market investors, today announced the appointment of Matt Coles as national sales manager. Coles will lead the company's sales strategy and operations, seeking to enhance the value FirstFunding delivers to existing customers and grow the sales team to help identify more opportunities to provide the company's services to new customers. "Matt's deep experience and passion for helping customers grow aligns well with our efforts to help mortgage lenders support consumers as they pursue their dreams of homeow

    $FAF
    Specialty Insurers
    Finance

$FAF
Financials

Live finance-specific insights

See more
  • First American Financial Announces First Quarter 2025 Earnings Conference Call

    —Earnings release dates for remainder of 2025— First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced that it will host a conference call to discuss its first-quarter 2025 earnings results on Thursday, April 24, 2025, at 11 a.m. EDT. The call will follow the release of the company's earnings results for the first quarter of 2025, which is scheduled for Wednesday, April 23, 2025, after the close of regular trading. The conference call is open to investors, members of the financial community, the media and other members of the publ

    $FAF
    Specialty Insurers
    Finance
  • First American Financial Reports Results for the Fourth Quarter and Full Year of 2024

    First American Financial Corporation (NYSE:FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced financial results for the fourth quarter and year ended Dec. 31, 2024. Current Quarter Highlights Earnings per diluted share of $0.69, or $1.35 per share on an adjusted basis Net investment losses of $86 million, or 61 cents per diluted share Total revenue of $1.7 billion, up 18 percent compared with last year Adjusted total revenue of $1.8 billion, up 20 percent compared with last year Title Insurance and Services segment investment income of $155 million, u

    $FAF
    Specialty Insurers
    Finance
  • First American Financial Corporation Declares Quarterly Cash Dividend of 54 Cents Per Share

    First American Financial Corporation (NYSE:FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced that its board of directors has declared a quarterly cash dividend of 54 cents per common share. The cash dividend is payable on March 17, 2025 to shareholders of record as of March 10, 2025. About First American First American Financial Corporation (NYSE:FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 135 years, innovative proprietary technologies,

    $FAF
    Specialty Insurers
    Finance

$FAF
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more