Jump Financial LLC Boosts Stake in First American Financial Co. (NYSE:FAF)

Jump Financial LLC grew its stake in First American Financial Co. (NYSE:FAF - Free Report) by 120.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,269 shares of the insurance provider's stock after buying an additional 6,155 shares during the period. Jump Financial LLC's holdings in First American Financial were worth $704,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. UMB Bank n.a. boosted its stake in shares of First American Financial by 66.9% in the 4th quarter. UMB Bank n.a. now owns 524 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 210 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of First American Financial by 57.6% in the 4th quarter. Jones Financial Companies Lllp now owns 670 shares of the insurance provider's stock valued at $42,000 after purchasing an additional 245 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of First American Financial by 34.9% in the 4th quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider's stock valued at $67,000 after purchasing an additional 277 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of First American Financial by 14.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,340 shares of the insurance provider's stock valued at $84,000 after purchasing an additional 173 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of First American Financial by 18.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,510 shares of the insurance provider's stock valued at $94,000 after purchasing an additional 230 shares in the last quarter. Hedge funds and other institutional investors own 89.05% of the company's stock.

First American Financial Stock Up 0.4 %

Shares of FAF stock traded up $0.23 during trading hours on Monday, hitting $61.17. 602,598 shares of the company's stock traded hands, compared to its average volume of 659,837. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 48.94 and a beta of 1.23. The stock's fifty day simple moving average is $62.82 and its two-hundred day simple moving average is $63.70. First American Financial Co. has a 12-month low of $51.85 and a 12-month high of $70.92.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on FAF shares. StockNews.com raised shares of First American Financial from a "hold" rating to a "buy" rating in a research note on Thursday. Barclays increased their price target on shares of First American Financial from $69.00 to $72.00 and gave the company an "equal weight" rating in a research report on Friday. Keefe, Bruyette & Woods increased their price target on shares of First American Financial from $75.00 to $77.00 and gave the company an "outperform" rating in a research report on Monday. Finally, Stephens increased 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $75.00.

Insider Buying and Selling

In other news, SVP Lisa W. Cornehl sold 3,057 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $65.49, for a total transaction of $200,202.93. Following the transaction, the senior vice president now directly owns 23,825 shares of the company's stock, valued at $1,560,299.25. This represents a 11.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark Edward Seaton sold 12,679 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $64.28, for a total value of $815,006.12. Following the transaction, the chief financial officer now directly owns 195,812 shares in the company, valued at $12,586,795.36. The trade was a 6.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 127,707 shares of company stock worth $8,136,565 in the last 90 days. Insiders own 3.70% of the company's stock.

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.