Jump Financial LLC Buys 6,155 Shares of First American Financial Co. (NYSE:FAF)

Jump Financial LLC increased its stake in First American Financial Co. (NYSE:FAF - Free Report) by 120.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,269 shares of the insurance provider's stock after purchasing an additional 6,155 shares during the period. Jump Financial LLC's holdings in First American Financial were worth $704,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of FAF. UMB Bank n.a. increased its holdings in 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 buying an additional 210 shares during the period. Jones Financial Companies Lllp boosted its position in shares of First American Financial by 57.6% during the 4th quarter. Jones Financial Companies Lllp now owns 670 shares of the insurance provider's stock worth $42,000 after acquiring an additional 245 shares in the last quarter. GAMMA Investing LLC increased its stake in First American Financial by 34.9% in the fourth quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider's stock valued at $67,000 after acquiring an additional 277 shares during the last quarter. Parkside Financial Bank & Trust raised its position in First American Financial by 14.8% during the fourth 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. lifted its stake in First American Financial by 18.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,510 shares of the insurance provider's stock worth $94,000 after purchasing an additional 230 shares during the last quarter. Institutional investors and hedge funds own 89.05% of the company's stock.

Insider Activity

In other First American Financial news, SVP Lisa W. Cornehl sold 3,057 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $65.49, for a total value of $200,202.93. Following the completion of the transaction, the senior vice president now directly owns 23,825 shares in the company, valued at approximately $1,560,299.25. This represents a 11.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Dennis J. Gilmore sold 111,971 shares of the firm's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $63.60, for a total transaction of $7,121,355.60. Following the transaction, the director now directly owns 494,574 shares of the company's stock, valued at $31,454,906.40. The trade was a 18.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 127,707 shares of company stock valued at $8,136,565 over the last quarter. 3.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FAF shares. Keefe, Bruyette & Woods upgraded First American Financial from a "market perform" rating to an "outperform" rating and set a $75.00 price target on the stock in a research note on Tuesday, April 8th. Stephens lifted their target price on First American Financial from $73.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, February 14th.

First American Financial Stock Performance

Shares of NYSE:FAF opened at $58.35 on Wednesday. First American Financial Co. has a 52-week low of $51.60 and a 52-week high of $70.92. The company has a market capitalization of $6.02 billion, a PE ratio of 46.68 and a beta of 1.23. The company has a fifty day moving average of $63.06 and a 200-day moving average of $63.78.

First American Financial (NYSE:FAF - Get Free Report) last issued its earnings results on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.22. First American Financial had a return on equity of 9.35% and a net margin of 2.14%. On average, equities analysts forecast that First American Financial Co. will post 5.35 EPS for the current fiscal year.

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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