Media stories about First American Financial (NYSE:FAF) have trended somewhat positive on Thursday, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. First American Financial earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news articles about the insurance provider an impact score of 45.2709034983437 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several analysts recently issued reports on FAF shares. Zacks Investment Research lowered shares of First American Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Barclays increased their price target on shares of First American Financial from $52.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, October 27th. Finally, Stephens upgraded shares of First American Financial from an “equal” rating to a “weight” rating in a research report on Monday. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $54.00.
First American Financial (FAF) traded up $0.19 during midday trading on Thursday, hitting $59.51. 507,801 shares of the company traded hands, compared to its average volume of 751,025. The firm has a market cap of $6,570.00, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 1.20 and a beta of 0.74. First American Financial has a twelve month low of $36.62 and a twelve month high of $61.29.
First American Financial (NYSE:FAF) last issued its earnings results on Thursday, October 26th. The insurance provider reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.12. First American Financial had a net margin of 4.88% and a return on equity of 14.30%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the business posted $0.96 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. equities research analysts forecast that First American Financial will post 3.55 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 8th were given a $0.38 dividend. 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 2.55%. First American Financial’s dividend payout ratio is currently 60.08%.
In other First American Financial news, insider Kenneth D. Degiorgio sold 7,337 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were 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 SEC, which is available at this link. Also, CEO Dennis J. Gilmore sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $54.97, for a total transaction of $5,497,000.00. Following the completion of the sale, the chief executive officer now owns 611,141 shares in the company, valued at approximately $33,594,420.77. The disclosure for this sale can be found here. Insiders sold 193,161 shares of company stock worth $10,639,325 in the last 90 days. Company insiders own 3.10% of the company’s stock.
First American Financial Company Profile
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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