First American Corporation (The) (FAF) Receives Daily Media Sentiment Rating of 0.28
Press coverage about First American Corporation (The) (NYSE:FAF) has been trending positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. First American Corporation (The) earned a coverage optimism score of 0.28 on Accern’s scale. Accern also gave media coverage about the insurance provider an impact score of 45.9420283410775 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Alliancebernstein L.P. Sells A Little More First American Corp (FAF … – First News 24 (firstnewspaper24.com)
- Alliancebernstein LP Sells A Little More First American Corp (FAF) Stock – First News 24 (firstnewspaper24.com)
- American Financial Issues Notes, Sees Rating Action (finance.yahoo.com)
- First American Corporation (The) (FAF) vs. Its Rivals Critical Survey (americanbankingnews.com)
- Analyzing First American Corporation (The) (FAF) & Allied World Assurance Company Hldgs (AWH) (americanbankingnews.com)
First American Corporation (NYSE FAF) opened at $54.68 on Wednesday. The firm has a market capitalization of $5,979.71, a price-to-earnings ratio of 15.33, a PEG ratio of 1.17 and a beta of 0.74. First American Corporation has a 12 month low of $35.28 and a 12 month high of $56.40.
First American Corporation (The) (NYSE:FAF) last posted its quarterly earnings results on Thursday, October 26th. The insurance provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.12. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. First American Corporation (The) had a return on equity of 14.30% and a net margin of 4.88%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.96 EPS. equities analysts expect that First American Corporation will post 3.54 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 8th will be paid a dividend of $0.38 per share. The ex-dividend date is Thursday, December 7th. This represents a $1.52 annualized dividend and a dividend yield of 2.78%. First American Corporation (The)’s payout ratio is 60.08%.
A number of research analysts have issued reports on FAF shares. Zacks Investment Research upgraded First American Corporation (The) from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective for the company in a research note on Monday, July 31st. Barclays PLC upped their price objective on First American Corporation (The) from $52.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, October 27th.
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In other news, CEO Dennis J. Gilmore sold 100,000 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $54.97, for a total transaction of $5,497,000.00. Following the completion of the transaction, the chief executive officer now owns 611,141 shares in the company, valued at approximately $33,594,420.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark Edward Seaton sold 7,000 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $48.33, for a total value of $338,310.00. The disclosure for this sale can be found here. Insiders have sold a total of 124,318 shares of company stock valued at $6,787,310 in the last quarter. 3.10% of the stock is owned by corporate insiders.
About First American Corporation (The)
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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