Media headlines about First American Financial (NYSE:FAF) have trended somewhat positive on Sunday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. First American Financial earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the insurance provider an impact score of 45.6280741531422 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
Shares of First American Financial (NYSE:FAF) traded down $0.08 during midday trading on Friday, reaching $59.43. The company’s stock had a trading volume of 477,839 shares, compared to its average volume of 582,581. The company has a market cap of $6,585.85, a P/E ratio of 16.88, a P/E/G ratio of 1.21 and a beta of 0.74. First American Financial has a 52 week low of $36.62 and a 52 week high of $61.29.
First American Financial (NYSE:FAF) last issued its quarterly earnings results on Thursday, October 26th. The insurance provider reported $1.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.12. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. First American Financial had a return on equity of 14.30% and a net margin of 4.88%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 EPS. sell-side analysts forecast that First American Financial will post 3.55 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 8th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.56%. The ex-dividend date was Thursday, December 7th. First American Financial’s dividend payout ratio is currently 60.08%.
A number of brokerages recently weighed in on FAF. Stephens raised First American Financial from an “equal” rating to a “weight” rating in a research note on Monday, January 8th. Barclays raised their price objective on First American Financial from $52.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, October 27th. Finally, Zacks Investment Research downgraded First American Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $54.00.
In other news, CEO Dennis J. Gilmore sold 100,000 shares of First American Financial stock in a transaction that occurred 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 sale, the chief executive officer now owns 611,141 shares of the company’s stock, valued at approximately $33,594,420.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Mark Edward Seaton sold 9,981 shares of First American Financial 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 193,161 shares of company stock worth $10,639,325. Company insiders own 3.10% of the company’s stock.
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About First American Financial
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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