Somewhat Favorable Media Coverage Somewhat Unlikely to Affect First American (FAF) Stock Price
Headlines about First American (NYSE:FAF) have trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First American earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the insurance provider an impact score of 44.7362263602508 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern’s analysis:
- Free Post Earnings Research Report: First American Financial’s Q3 Results Beat Market Forecasts (finance.yahoo.com)
- Defect Risk Rising in Natural Disaster-Impacted Markets, According to First American Loan Application Defect Index (finance.yahoo.com)
- This Salvadoran-American Woman’s Construction Company Is On Pace to Make Its First Million in Profit (remezcla.com)
- Affordability Surprises in September as Rates Dip and Wages Rise … – Business Wire (press release) (businesswire.com)
- Affordability Surprises in September as Rates Dip and Wages Rise, According to First American Real House Price Index (finance.yahoo.com)
Shares of First American (FAF) traded down $0.07 on Friday, reaching $55.52. The company had a trading volume of 452,768 shares, compared to its average volume of 469,128. The firm has a market capitalization of $6,160.34, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 1.22 and a beta of 0.74. First American has a 52-week low of $35.28 and a 52-week high of $56.40.
First American (NYSE:FAF) last announced its quarterly earnings results on Thursday, October 26th. The insurance provider reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.12. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. First American 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 period in the prior year, the company posted $0.96 earnings per share. equities analysts forecast that First American will post 3.51 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 8th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Thursday, December 7th. First American’s dividend payout ratio (DPR) is 60.08%.
A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of First American from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Barclays upped their target price on shares of First American from $52.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th.
In related news, CFO Mark Edward Seaton sold 9,981 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $54.87, for a total value of $547,657.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kenneth D. Degiorgio sold 7,337 shares of the company’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 disclosure for this sale can be found here. Insiders sold 117,318 shares of company stock valued at $6,449,000 over the last ninety days. 3.10% of the stock is currently 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.
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