News headlines about First American (NYSE:FAF) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. 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 earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 45.8025606603898 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s analysis:
- How The First Toyota Dealer In Florida Was Born Of Desperation And Fought Stereotypes To Survive (jalopnik.com)
- Affordability Falls as Tight Supply Pushes Prices Higher, According to First American Real House Price Index – Business Wire (press release) (businesswire.com)
- First American Financial Reaches Analyst Target Price – Nasdaq (nasdaq.com)
A number of equities analysts have commented on FAF shares. Zacks Investment Research lowered shares of First American from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Barclays boosted their price target on shares of First American from $52.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, October 27th.
First American (NYSE:FAF) last released its quarterly earnings results on Thursday, October 26th. The insurance provider reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.12. First American 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 period in the previous year, the business earned $0.96 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. equities research analysts anticipate that First American will post 3.51 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 8th were given a dividend of $0.38 per share. The ex-dividend date was Thursday, December 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.70%. First American’s payout ratio is 60.08%.
In other news, CFO Mark Edward Seaton sold 9,981 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $54.87, for a total transaction of $547,657.47. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kenneth D. Degiorgio sold 7,337 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $55.11, for a total transaction of $404,342.07. The disclosure for this sale can be found here. Insiders have sold 193,161 shares of company stock worth $10,639,325 over the last quarter. 3.10% of the stock is owned by company 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.
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