Headlines about First American Financial (NYSE:FAF) have trended somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. First American Financial earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 44.8653562588314 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- First American (FAF) Raised to “Buy” at Zacks Investment Research (americanbankingnews.com)
- Where Defect Risk is ‘Naughty’ or ‘Nice,’ According to First American’s Loan Application Defect Index – Digital Journal (digitaljournal.com)
- Where Defect Risk is ‘Naughty’ or ‘Nice,’ According to First American’s Loan Application Defect Index (finance.yahoo.com)
- First American Financial: Bull Case Has Played Out – Take Profits … – Seeking Alpha (seekingalpha.com)
Shares of First American Financial (NYSE:FAF) traded down $0.24 during trading hours on Tuesday, reaching $56.04. The company had a trading volume of 349,300 shares, compared to its average volume of 578,169. The company has a market capitalization of $6,190.00, a PE ratio of 22.15, a P/E/G ratio of 1.21 and a beta of 0.74. First American Financial has a 52 week low of $36.50 and a 52 week high of $57.50.
First American Financial (NYSE:FAF) last posted its earnings results on Thursday, October 26th. The insurance provider reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.12. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.51 billion. First American Financial had a return on equity of 14.30% and a net margin of 4.88%. First American Financial’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 earnings per share. research analysts predict that First American Financial will post 3.55 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 8th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.52 dividend on an annualized basis and a yield of 2.71%. First American Financial’s dividend payout ratio is currently 60.08%.
Several research analysts recently issued reports on the company. Zacks Investment Research raised First American Financial from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Thursday, December 28th. Barclays increased their price objective on First American Financial from $52.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th.
In related news, insider Kenneth D. Degiorgio sold 7,337 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $55.11, for a total value of $404,342.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dennis J. Gilmore sold 100,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $54.97, for a total value of $5,497,000.00. Following the completion of the transaction, the chief executive officer now owns 611,141 shares of the company’s stock, valued at approximately $33,594,420.77. The disclosure for this sale can be found here. In the last quarter, insiders have sold 193,161 shares of company stock valued at $10,639,325. Company insiders own 3.10% of the company’s stock.
About First American Financial
First American Financial Corporation, through its subsidiaries, is engaged in the business of providing financial services. The Company operates through the title insurance and services segment, and specialty insurance segment. The title insurance and services segment provides title insurance, closing and/or escrow services and similar or related services domestically and internationally in connection with residential and commercial real estate transactions.
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