41,644 Shares in First American Financial Corporation $FAF Bought by Jupiter Topco LLC

Jupiter Topco LLC acquired a new stake in shares of First American Financial Corporation (NYSE:FAF) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 41,644 shares of the insurance provider’s stock, valued at approximately $2,858,000.

Several other institutional investors have also recently made changes to their positions in the company. Duncker Streett & Co. Inc. raised its position in shares of First American Financial by 616.4% in the first quarter. Duncker Streett & Co. Inc. now owns 437 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 376 shares during the period. Global Retirement Partners LLC raised its stake in shares of First American Financial by 1,107.5% during the 4th quarter. Global Retirement Partners LLC now owns 483 shares of the insurance provider’s stock worth $30,000 after buying an additional 443 shares during the period. Danske Bank A S purchased a new position in First American Financial during the third quarter valued at $45,000. IFP Advisors Inc increased its stake in shares of First American Financial by 568.8% during the fourth quarter. IFP Advisors Inc now owns 749 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 637 shares in the last quarter. Finally, SHP Wealth Management purchased a new position in First American Financial in the 4th quarter valued at about $51,000. 89.05% of the stock is owned by hedge funds and other institutional investors.

First American Financial Stock Performance

First American Financial stock opened at $74.00 on Thursday. First American Financial Corporation has a fifty-two week low of $56.20 and a fifty-two week high of $79.87. The firm has a 50 day moving average price of $72.37 and a 200 day moving average price of $68.14. The company has a market capitalization of $7.56 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 0.68 and a beta of 1.21.

First American Financial (NYSE:FAF) last released its quarterly earnings results on Wednesday, July 22nd. The insurance provider reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.28. First American Financial had a return on equity of 13.31% and a net margin of 9.33%.The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the firm earned $1.53 earnings per share. The firm’s revenue was up 15.0% compared to the same quarter last year. As a group, equities research analysts forecast that First American Financial Corporation will post 7.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FAF has been the topic of a number of research reports. Stephens restated an “overweight” rating and issued a $84.00 price objective on shares of First American Financial in a report on Friday, June 12th. Zacks Research cut First American Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of First American Financial in a research note on Monday, July 20th. Benchmark initiated coverage on shares of First American Financial in a report on Tuesday, July 21st. They issued a “buy” rating and a $85.00 target price on the stock. Finally, Barclays lifted their price target on shares of First American Financial from $80.00 to $83.00 and gave the company an “overweight” rating in a research report on Tuesday, July 7th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.60.

Insider Transactions at First American Financial

In related news, CAO Steven A. Adams sold 3,253 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $74.99, for a total transaction of $243,942.47. Following the completion of the transaction, the chief accounting officer directly owned 10,234 shares in the company, valued at $767,447.66. This trade represents a 24.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.50% of the company’s stock.

About First American Financial

First American Financial Corporation is a leading provider of title insurance, settlement services and diversified real estate-related data and analytics. Headquartered in Santa Ana, California, the company serves customers throughout the United States as well as in Canada, Europe, Latin America and Asia. Its business is built on the underwriting capabilities of its title insurance operations combined with comprehensive closing and escrow services for homebuyers, sellers, mortgage lenders and real estate professionals.

The company’s title insurance segment issues policies that protect property owners and mortgage lenders against defects in titles, liens or encumbrances that can arise during real property transactions.