Jane Street Group LLC Has $1.49 Million Stock Holdings in First American Financial Co. (NYSE:FAF)

Jane Street Group LLC decreased its position in shares of First American Financial Co. (NYSE:FAF - Free Report) by 58.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,921 shares of the insurance provider's stock after selling 33,024 shares during the quarter. Jane Street Group LLC's holdings in First American Financial were worth $1,494,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Barclays PLC raised its position in First American Financial by 15.2% during the 3rd quarter. Barclays PLC now owns 60,821 shares of the insurance provider's stock worth $4,016,000 after purchasing an additional 8,047 shares during the last quarter. Merit Financial Group LLC acquired a new position in First American Financial during the 4th quarter valued at about $453,000. JPMorgan Chase & Co. boosted its stake in First American Financial by 6.7% during the 4th quarter. JPMorgan Chase & Co. now owns 229,303 shares of the insurance provider's stock valued at $14,318,000 after purchasing an additional 14,483 shares during the last quarter. Lecap Asset Management Ltd. purchased a new position in shares of First American Financial in the 4th quarter worth approximately $453,000. Finally, Schroder Investment Management Group purchased a new position in shares of First American Financial in the 4th quarter worth approximately $8,460,000. Institutional investors and hedge funds own 89.05% of the company's stock.

First American Financial Price Performance

Shares of FAF stock opened at $61.02 on Tuesday. First American Financial Co. has a 1 year low of $51.85 and a 1 year high of $70.92. The firm has a fifty day moving average price of $61.85 and a 200-day moving average price of $63.26. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 48.82 and a beta of 1.29.

First American Financial (NYSE:FAF - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.65 by $0.19. The business had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.53 billion. First American Financial had a net margin of 2.14% and a return on equity of 9.35%. The business's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 EPS. Equities research analysts expect that First American Financial Co. will post 5.35 EPS for the current year.

First American Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 9th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Monday, June 9th. First American Financial's dividend payout ratio (DPR) is currently 143.05%.

Insider Buying and Selling

In other First American Financial news, SVP Lisa W. Cornehl sold 3,057 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $65.49, for a total value of $200,202.93. Following the transaction, the senior vice president now directly owns 23,825 shares in the company, valued at $1,560,299.25. This represents a 11.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mark Edward Seaton sold 12,679 shares of the company's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $64.28, for a total transaction of $815,006.12. Following the completion of the transaction, the chief financial officer now owns 195,812 shares in the company, valued at $12,586,795.36. This represents a 6.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on FAF shares. Barclays upped their price objective on First American Financial from $69.00 to $72.00 and gave the company an "equal weight" rating in a research note on Friday, April 25th. Keefe, Bruyette & Woods boosted their target price on shares of First American Financial from $75.00 to $77.00 and gave the company an "outperform" rating in a report on Monday, April 28th. StockNews.com cut shares of First American Financial from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Finally, Stephens upped their price target on shares of First American Financial from $73.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $75.00.

First American Financial Profile

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Home Warranty segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services internationally.

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