Media stories about First American Financial (NYSE:FAF) have been trending positive on Sunday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First American Financial earned a daily sentiment score of 0.36 on Accern’s scale. Accern also assigned media stories about the insurance provider an impact score of 45.0044865716856 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
Several equities research analysts have recently commented on FAF shares. ValuEngine raised First American Financial from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Stephens raised First American Financial from an “equal” rating to a “weight” rating in a report on Monday, January 8th. Zacks Investment Research raised First American Financial from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a report on Thursday, December 28th. Finally, Barclays cut their price objective on First American Financial from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Friday, February 9th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $57.33.
First American Financial (NYSE FAF) traded down $0.92 during midday trading on Friday, hitting $56.88. The stock had a trading volume of 614,963 shares, compared to its average volume of 767,660. The firm has a market cap of $6,303.27, a P/E ratio of 15.13, a PEG ratio of 0.99 and a beta of 0.79. First American Financial has a 12 month low of $37.51 and a 12 month high of $62.71.
First American Financial (NYSE:FAF) last released its quarterly earnings data on Thursday, February 8th. The insurance provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.45 billion. First American Financial had a return on equity of 13.92% and a net margin of 7.33%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. analysts expect that First American Financial will post 4.44 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 8th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Wednesday, March 7th. First American Financial’s payout ratio is presently 40.43%.
In other news, COO Christopher Michael Leavell sold 75,843 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $55.25, for a total value of $4,190,325.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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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