Headlines about First American Corporation (The) (NYSE:FAF) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. First American Corporation (The) earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned headlines about the insurance provider an impact score of 46.9276524184214 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern’s analysis:
First American Corporation (NYSE:FAF) traded down $0.60 on Friday, reaching $54.25. 604,100 shares of the company’s stock traded hands, compared to its average volume of 590,059. First American Corporation has a 12-month low of $35.28 and a 12-month high of $56.40. The company has a market capitalization of $6,078.33, a P/E ratio of 15.58, a P/E/G ratio of 1.20 and a beta of 0.74.
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, beating the consensus estimate of $1.00 by $0.12. First American Corporation (The) had a net margin of 4.88% and a return on equity of 14.30%. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. equities research analysts expect that First American Corporation will post 3.52 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 8th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Thursday, December 7th. First American Corporation (The)’s payout ratio is presently 60.08%.
FAF has been the subject of a number of analyst reports. Zacks Investment Research raised shares of First American Corporation (The) from a “hold” rating to a “strong-buy” rating and set a $61.00 target price for the company in a research note on Monday, October 30th. Barclays PLC lifted their target price on shares of First American Corporation (The) from $52.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, October 27th.
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In other news, CFO Mark Edward Seaton sold 7,000 shares of the business’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $48.33, for a total transaction of $338,310.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kenneth D. Degiorgio sold 7,337 shares of the business’s stock in a transaction dated 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. Over the last three months, insiders have sold 124,318 shares of company stock valued at $6,787,310. 3.10% of the stock is currently owned by insiders.
First American Corporation (The) 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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