Favorable Media Coverage Somewhat Unlikely to Affect First American (FAF) Stock Price

Media coverage about First American (NYSE:FAF) has trended positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. First American earned a news sentiment score of 0.26 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 46.0044124559002 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the headlines that may have impacted Accern’s scoring:

Shares of First American (NYSE FAF) traded up $0.47 during midday trading on Friday, reaching $56.55. 299,030 shares of the company traded hands, compared to its average volume of 583,344. The firm has a market cap of $6,262.29, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 1.24 and a beta of 0.74. First American has a 1-year low of $36.50 and a 1-year high of $57.50.

First American (NYSE:FAF) last issued its quarterly earnings results on Thursday, October 26th. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.12. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. First American had a net margin of 4.88% and a return on equity of 14.30%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. analysts predict that First American will post 3.51 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 8th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.52 annualized dividend and a yield of 2.69%. First American’s dividend payout ratio (DPR) is 60.08%.

Several equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of First American from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Barclays boosted their target price on shares of First American from $52.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, October 27th.

In related news, insider Kenneth D. Degiorgio sold 7,337 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $55.11, for a total transaction of $404,342.07. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Mark Edward Seaton sold 9,981 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $54.87, for a total transaction of $547,657.47. The disclosure for this sale can be found here. In the last quarter, insiders have sold 193,161 shares of company stock worth $10,639,325. 3.10% of the stock is owned by corporate insiders.

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First American 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.

Insider Buying and Selling by Quarter for First American (NYSE:FAF)

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