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

Jump Financial LLC grew its position in First American Financial Co. (NYSE:FAF) by 120.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,269 shares of the insurance provider’s stock after purchasing an additional 6,155 shares during the quarter. Jump Financial LLC’s holdings in First American Financial were worth $704,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Bar Harbor Wealth Management boosted its position in First American Financial by 43.6% during the fourth quarter. Bar Harbor Wealth Management now owns 96,627 shares of the insurance provider’s stock valued at $6,033,000 after acquiring an additional 29,324 shares during the last quarter. Barclays PLC lifted its stake in shares of First American Financial by 15.2% in the 3rd quarter. Barclays PLC now owns 60,821 shares of the insurance provider’s stock valued at $4,016,000 after purchasing an additional 8,047 shares during the period. JPMorgan Chase & Co. boosted its position in shares of First American Financial by 5.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 214,820 shares of the insurance provider’s stock valued at $14,180,000 after purchasing an additional 10,489 shares in the last quarter. Oak Thistle LLC acquired a new stake in First American Financial during the fourth quarter worth approximately $1,476,000. Finally, Merit Financial Group LLC bought a new position in shares of First American Financial during the 4th quarter worth approximately $453,000. 89.05% of the stock is currently owned by institutional investors and hedge funds.

First American Financial Price Performance

FAF opened at $58.35 on Wednesday. The firm’s fifty day moving average price is $63.06 and its two-hundred day moving average price is $63.78. The company has a market capitalization of $6.02 billion, a price-to-earnings ratio of 46.68 and a beta of 1.23. First American Financial Co. has a 1 year low of $51.60 and a 1 year high of $70.92.

First American Financial (NYSE:FAF) last released its earnings results on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.22. First American Financial had a return on equity of 9.35% and a net margin of 2.14%. As a group, equities analysts anticipate that First American Financial Co. will post 5.35 EPS for the current year.

Insider Activity

In related news, Director Dennis J. Gilmore sold 111,971 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now owns 494,574 shares in the company, valued at approximately $31,454,906.40. This trade represents a 18.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Lisa W. Cornehl sold 3,057 shares of First American Financial stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $65.49, for a total transaction of $200,202.93. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 127,707 shares of company stock valued at $8,136,565 in the last ninety days. 3.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FAF has been the subject of a number of research reports. Stephens raised their price target on shares of First American Financial from $73.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Keefe, Bruyette & Woods raised First American Financial from a “market perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a research note on Tuesday, April 8th.

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.