First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Specialty Insurance segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services. This segment also provides closing and/or escrow services; products, services, and solutions to mitigate risk or otherwise facilitate real estate transactions; and appraisals and other valuation-related products and services, lien release and document custodial services, warehouse lending services, default-related products and services, title insurance, closing services, and related products and services, as well as banking, trust, and wealth management services. In addition, it accommodates tax-deferred exchanges of real estate; and maintains, manages, and provides access to title plant data and records. This segment offers its products through a network of direct operations and agents in 49 states and in the District of Columbia, as well as in Canada, the United Kingdom, Australia, South Korea, and internationally. The Specialty Insurance segment provides property and casualty insurance comprising coverage to residential homeowners and renters for liability losses and typical hazards, such as fire, theft, vandalism, and other types of property damage. It also offers residential service contracts that cover residential systems, such as heating and air conditioning systems, and appliances against failures that occur as the result of normal usage during the coverage period. First American Financial Corporation was founded in 1889 and is based in Santa Ana, California.
IPO Year:
Exchange: NYSE
Website: firstam.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/21/2024 | $66.00 → $69.00 | Mkt Perform → Outperform | Keefe Bruyette |
1/10/2024 | Buy | Deutsche Bank | |
11/15/2023 | $53.00 | Equal Weight | Barclays |
7/18/2023 | Neutral | BTIG Research | |
2/10/2023 | $65.00 → $72.00 | Equal-Weight → Overweight | Stephens |
12/15/2022 | $61.00 | Outperform → Mkt Perform | Keefe Bruyette |
4/1/2022 | $97.00 → $74.00 | Outperform → Neutral | Credit Suisse |
2/11/2022 | $87.00 → $92.00 | Overweight | Barclays |
2/2/2022 | $93.00 | Buy | BTIG |
12/15/2021 | $13.00 → $10.40 | Overweight | Cantor Fitzgerald |
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National House Prices Stabilize After Nine-Month Slowdown —House Price Growth Nationally Likely to End the Year Not Too Hot, Not Too Cold, says Chief Economist Mark Fleming— First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (NYSE:FAF), today released its October 2024 Home Price Index (HPI) report. The report tracks home price changes less than four weeks behind real time at the national, state and metropolitan (Core-Based Statistical Area) levels and includes metropolitan price tiers that segment sale transactions into starter, mid and luxury tiers.
National House Prices Stabilize After Nine-Month Slowdown —House Price Growth Nationally Likely to End the Year Not Too Hot, Not Too Cold, says Chief Economist Mark Fleming— First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (NYSE:FAF), today released its October 2024 Home Price Index (HPI) report. The report tracks home price changes less than four weeks behind real time at the national, state and metropolitan (Core-Based Statistical Area) levels and includes metropolitan price tiers that segment sale transactions into starter, mid and luxury tiers.
—House Price Growth Nationally Likely to End the Year Not Too Hot, Not Too Cold, says Chief Economist Mark Fleming— First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (NYSE:FAF), today released its October 2024 Home Price Index (HPI) report. The report tracks home price changes less than four weeks behind real time at the national, state and metropolitan (Core-Based Statistical Area) levels and includes metropolitan price tiers that segment sale transactions into starter, mid and luxury tiers. The full report can be found here. October1 National House
National House Prices Stabilize After Nine-Month Slowdown —House Price Growth Nationally Likely to End the Year Not Too Hot, Not Too Cold, says Chief Economist Mark Fleming— First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (NYSE:FAF), today released its October 2024 Home Price Index (HPI) report. The report tracks home price changes less than four weeks behind real time at the national, state and metropolitan (Core-Based Statistical Area) levels and includes metropolitan price tiers that segment sale transactions into starter, mid and luxury tiers.
National House Prices Stabilize After Nine-Month Slowdown —House Price Growth Nationally Likely to End the Year Not Too Hot, Not Too Cold, says Chief Economist Mark Fleming— First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (NYSE:FAF), today released its October 2024 Home Price Index (HPI) report. The report tracks home price changes less than four weeks behind real time at the national, state and metropolitan (Core-Based Statistical Area) levels and includes metropolitan price tiers that segment sale transactions into starter, mid and luxury tiers.
First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced that company management will participate in a fireside chat at the Stephens Annual Investment Conference in Nashville, Tenn. on Tuesday, Nov. 19, 2024 at 9 a.m. EST. A live webcast of the fireside chat may be accessed at http://www.firstam.com/investor or here, with a replay available for 90 days following the live event. About First American First American Financial Corporation (NYSE:FAF) is a premier provider of title, settlement and risk solutions for real estate transacti
First American Financial Corporation (NYSE:FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced that its board of directors has declared a quarterly cash dividend of 54 cents per common share. The cash dividend is payable on December 16, 2024 to shareholders of record as of December 9, 2024. About First American First American Financial Corporation (NYSE:FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 135 years, innovative proprietary technologie
First American Mortgage Solutions LLC, a part of the First American family of companies, today announced that Nicki Todd, senior vice president of technology, has been named one of HousingWire's 2024 Tech Trendsetters, an award that recognizes the most impactful and innovative technology leaders serving the housing economy. The 2024 Tech Trendsetters were chosen by HousingWire's selection committee based on their vital and dynamic contributions to their organizations and to the housing industry as a whole. "Nicki has mastered the art of harnessing her team's expertise to drive solutions that meet mortgage lenders' most pressing needs," said Todd McGowan, president of First American Mortgag
First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (NYSE:FAF), today announced that Chris Flynn, head of product & strategy, has been named one of HousingWire's 2024 Tech Trendsetters, an award that recognizes the most impactful and innovative technology leaders serving the housing economy. The 2024 Tech Trendsetters were chosen by HousingWire's selection committee based on their vital and dynamic contributions to their organizations and to the housing industry as a whole. "Chris has been instrumental in developing data-driven solutions and technologies
AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of "a" (Excellent) of First American Title Insurance Company (Omaha, NE) and its title affiliates, which are referred to as First American Title Insurance Group (FATIG). In addition, AM Best has affirmed the Long-Term ICR of "bbb" (Good) of the parent holding company, First American Financial Corporation (FAF) (Delaware) (NYSE:FAF). The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of the companies and ratings.) The ratings reflect FATIG's balance sheet strength, which AM Best assesses as strongest, as well as its adequa
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First American Financial Corporation (NYSE:FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced that its board of directors has declared a quarterly cash dividend of 54 cents per common share. The cash dividend is payable on December 16, 2024 to shareholders of record as of December 9, 2024. About First American First American Financial Corporation (NYSE:FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 135 years, innovative proprietary technologie
First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced that it will host a conference call on Thursday, Oct. 24, 2024, at 11 a.m. EDT. The call will follow the release of the company's financial results for the third quarter of 2024, on Wednesday, Oct. 23 after the close of regular trading. The conference call, which will also be broadcast over the Internet and is open to investors, members of the financial community, the media and other members of the public, can be accessed online at http://www.firstam.com/investor or by dialing
First American Financial Corporation (NYSE:FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced that its board of directors has declared a quarterly cash dividend of 54 cents per common share, a 2 percent increase over the prior level of 53 cents per common share. "This increase in our cash dividend reflects our continued confidence in the outlook for our business and our ongoing commitment to return capital to our shareholders," said Ken DeGiorgio, chief executive officer of First American Financial Corporation. The cash dividend is payable on September 27, 2024 to share
First American Financial Corporation (NYSE:FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced financial results for the second quarter ended June 30, 2024. Current Quarter Highlights Earnings per diluted share of $1.11, or $1.27 per share on an adjusted basis Total revenue of $1.6 billion, down 2 percent compared with last year Adjusted total revenue of $1.6 billion, down 1 percent compared with last year Title Insurance and Services segment investment income of $126 million, down 11 percent compared with last year Title Insurance and Services segment p
—Earnings release dates for remainder of 2024— First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced that it will host a conference call on Thursday, July 25, 2024, at 11 a.m. EDT. The call will follow the release of the company's financial results for the second quarter of 2024 on Wednesday, July 24 after the close of regular trading. The conference call, which will also be broadcast over the internet and is open to investors, members of the financial community, the media and other members of the public, can be accessed onli
First American Financial Corporation (NYSE:FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced that its board of directors has declared a quarterly cash dividend of 53 cents per common share. The cash dividend is payable on June 17, 2024 to shareholders of record as of June 10, 2024. About First American First American Financial Corporation (NYSE:FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 135 years, innovative proprietary technologies, a
First American Financial Corporation (NYSE:FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced financial results for the first quarter ended March 31, 2024. Current Quarter Highlights Earnings per diluted share of $0.45, or $0.45 per share on an adjusted basis Total revenue of $1.4 billion, down 1 percent compared with last year Adjusted total revenue of $1.4 billion, down 3 percent compared with last year Title Insurance and Services segment investment income of $117 million, down 6 percent compared with last year Title Insurance and Services segment pr
—Earnings release dates for remainder of 2024— First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced that it will host a conference call on Thursday, April 25, 2024, at 11 a.m. EDT. The call will follow the release of the company's earnings results for the first quarter of 2024 on Wednesday, April 24 after the close of regular trading. The conference call, which will also be broadcast over the internet and is open to investors, members of the financial community, the media and other members of the public, can be accessed onli
First American Financial Corporation (NYSE:FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced financial results for the fourth quarter ended Dec. 31, 2023. Current Quarter Highlights Results were materially impacted by the company's previously disclosed cybersecurity incident Earnings per diluted share of $0.33, or $0.69 per share on an adjusted basis Total revenue of $1.4 billion, down 15 percent compared with last year Adjusted total revenue of $1.5 billion, down 18 percent compared with last year Title Insurance and Services segment investment income
First American Financial Corporation (NYSE:FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced that its board of directors has declared a quarterly cash dividend of 53 cents per common share. The cash dividend is payable on March 15, 2024 to shareholders of record as of March 8, 2024. About First American First American Financial Corporation (NYSE:FAF) is a premier provider of title, settlement and risk solutions for real estate transactions. With its combination of financial strength and stability built over more than 130 years, innovative proprietary technologies,
Keefe Bruyette upgraded First American Financial from Mkt Perform to Outperform and set a new price target of $69.00 from $66.00 previously
Deutsche Bank initiated coverage of First American Financial with a rating of Buy
Barclays initiated coverage of First American Financial with a rating of Equal Weight and set a new price target of $53.00
BTIG Research resumed coverage of First American Financial with a rating of Neutral
Stephens upgraded First American Financial from Equal-Weight to Overweight and set a new price target of $72.00 from $65.00 previously
Keefe Bruyette downgraded First American Financial from Outperform to Mkt Perform and set a new price target of $61.00
Credit Suisse downgraded First American Financial from Outperform to Neutral and set a new price target of $74.00 from $97.00 previously
Barclays reiterated coverage of First American Financial with a rating of Overweight and set a new price target of $92.00 from $87.00 previously
BTIG initiated coverage of First American Financial with a rating of Buy and set a new price target of $93.00
Cantor Fitzgerald reiterated coverage of Fire & Flower Holdings with a rating of Overweight and set a new price target of $10.40 from $13.00 previously
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First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, announced today that Deborah L. Wahl has been appointed to the company's board of directors. Considered an innovator among global chief marketing officers (CMO), Wahl has earned a reputation for developing and driving transformational corporate strategy. Wahl's impressive career includes serving as CMO for several premier consumer product brands, including General Motors, Cadillac, and McDonald's, as well as PulteGroup, one of the largest homebuilding companies in the country. She has consiste
—Purchase expands Mother Lode's footprint into Wisconsin— Mother Lode Holding Company, a California-based provider of title insurance, underwriting and escrow services for residential and commercial real estate transactions and a subsidiary of First American Financial Corporation (NYSE:FAF), today announced the acquisition of Wisconsin Title Service Company, Inc., a Wisconsin-based title insurance agency with a deep history in the state. The acquisition included Wisconsin Title Service Company's sister company, Wisconsin Title Closing Service, Inc., as well as its title plants in Milwaukee, Waukesha, Walworth and Washington counties. "We are pleased to welcome Wisconsin Title Service Co
FirstFunding Inc., a wholly owned subsidiary of First American Financial Corporation that provides warehouse funding to correspondent lenders, community banks, credit unions and secondary market investors, today announced the appointment of Matt Coles as national sales manager. Coles will lead the company's sales strategy and operations, seeking to enhance the value FirstFunding delivers to existing customers and grow the sales team to help identify more opportunities to provide the company's services to new customers. "Matt's deep experience and passion for helping customers grow aligns well with our efforts to help mortgage lenders support consumers as they pursue their dreams of homeow
—Accomplished tech leader takes on new position overseeing enterprise product development— First American Financial Corporation (NYSE:FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced the appointment of Jody Mulkey as chief technology officer. In this new position, Mulkey will oversee First American's corporate product development team. "We're committed to developing innovative digital products that improve the customer experience by reducing risk and streamlining processes," said Ken DeGiorgio, chief executive officer of First American. "Jody's experience building h
AgEagle Announces Appointment of Kelly Anderson, CPA to the Board of DirectorsWICHITA, KS / ACCESSWIRE / December 7, 2022 / AgEagle Aerial Systems Inc. (NYSE:UAVS) ("AgEagle" or the "Company"), an industry-leading provider of full stack flight hardware, sensors and software for commercial and government/defense use, today announced the appointment of Kelly Anderson, CPA as a new independent member of AgEagle's Board of Directors, effective today, December 5, 2022. Anderson will also serve as Chairperson of the Audit Committee and as a member of both the Compensation Committee and Nominating and Corporate Governance Committee of the Board, effective December 5, 2022."We are very pleased to we
SAN FRANCISCO, Nov. 10, 2022 /PRNewswire/ -- MacFarlane Partners (MP), a real estate investment management firm founded in 1987 by Victor B. MacFarlane as one of the first minority-owned institutional investment management firms in the US, announced today the appointment of Landon V. Taylor as CEO of the investment management group. Under Victor's leadership, MacFarlane Partners has managed in excess of $20B in real estate assets in over 30 US metro areas on behalf of more than 40 institutions. After 35 years of industry-changing leadership, including pioneering the urban re
First American Financial Corporation (NYSE:FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, announced today that Marsha A. Spence has been appointed to the company's board of directors. Over the course of her distinguished 45-year career in title and settlement, Spence's skillful leadership has consistently produced high-performing teams and profitable growth at Mother Lode Holding Company, a California-based provider of title insurance, underwriting and escrow services for residential and commercial real estate transactions known for its strong employee-centric culture. Spence has pl
—Venture and tech executive takes on new position focused on enhancing First American's leadership in driving real estate innovation— First American Financial Corporation (NYSE:FAF), the premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced the appointment of Paul Hurst as chief innovation officer. Hurst will report to Ken DeGiorgio, chief executive officer of First American Financial Corporation. "In this new position, Paul will identify additional opportunities to leverage our strong capital position, nationwide distribution channels, industry-leading data assets, and proprietar
—Ken DeGiorgio named Chief Executive Officer— —Dennis Gilmore named Chairman of the Board— First American Financial Corporation (NYSE:FAF), a leading provider of title insurance, settlement services and risk solutions for real estate transactions, announced today that Kenneth D. DeGiorgio, who most recently served as the company's president, has been appointed chief executive officer, while Dennis J. Gilmore, First American's CEO since 2010, transitions to become chairman of the board of directors. "Over his 23 years of service to First American's employees, customers and shareholders, Ken has acquired an in-depth understanding of our business and consistently demonstrated that he has the
—Industry veteran steps into new position focused on enhancing and expanding First American's intellectual property portfolio— First American Financial Corporation (NYSE:FAF), a leading provider of title insurance, settlement services and risk solutions for real estate transactions, today announced the appointment of Rouz Tabaddor as vice president and chief intellectual property officer, a new position that will accelerate the expansion and monetization of the company's intellectual property portfolio, which already includes 30 active patents and an additional 13 patent applications pending. Tabaddor will be responsible for the identification, protection and enforcement of the company's
First American Financial (NYSE:FAF) reported quarterly earnings of $1.27 per share which beat the analyst consensus estimate of $1.16 by 9.48 percent. This is a 5.93 percent decrease over earnings of $1.35 per share from the same period last year. The company reported quarterly sales of $1.612 billion which missed the analyst consensus estimate of $1.624 billion by 0.77 percent. This is a 2.01 percent decrease over sales of $1.645 billion the same period last year.
Barclays analyst Terry Ma maintains First American Financial (NYSE:FAF) with a Equal-Weight and lowers the price target from $65 to $61.
First American Financial's (NYSE:FAF) short percent of float has fallen 13.87% since its last report. The company recently reported that it has 1.18 million shares sold short, which is 1.18% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.27 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Sho
Analysts' ratings for First American Financial (NYSE:FAF) over the last quarter vary from bullish to bearish, as provided by 4 analysts. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 4 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 3 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for First American Financial, presenting an average target of $66.75, a high estimate of $72.00, and a low estimate of $63.00. Observing a downward trend, the curre
Keefe, Bruyette & Woods analyst Bose George maintains First American Financial (NYSE:FAF) with a Outperform and lowers the price target from $67 to $63.
The law firm of Federman & Sherwood has initiated an investigation into First American Financial Corporation (NYSE:FAF) with respect to their recent data breach. On December 18, 2023, First American Financial Corporation identified unauthorized activity on certain of its information technology systems. Upon detection of the unauthorized activity, First American Financial Corporation took steps to contain, assess, and remediate the incident, including isolating its systems from the Internet. First American Financial Corporation also launched an investigation to determine the nature and scope of the incident, worked with law enforcement, notified certain regulatory authorities, and eradicated
Hedge funds made strategic adjustments to their portfolios throughout the first quarter of 2024. Firms are looking for high-return opportunities beyond the mega-cap tech giants preferring to focus on cyclical sectors and artificial intelligence (AI)-related infrastructure stocks. Except for Apple Inc (NASDAQ:AAPL), positions in several ‘Magnificent Seven’ stocks — Alphabet Inc (NASDAQ:GOOGL), Amazon.com Inc (NASDAQ:AMZN), Nvidia Corp (NASDAQ:NVDA), Microsoft Corp (NYSE:MSFT), and Meta Platforms Inc (NASDAQ:META) — were trimmed from hedge funds. Still, the strong performance of the so-called ‘Magnificent 7′ tech stocks maintained their weight at 13% of hedge fund long portfolios, acc
Stephens & Co. analyst John Campbell maintains First American Financial (NYSE:FAF) with a Overweight and lowers the price target from $72 to $66.
Stephens & Co. analyst John Campbell maintains First American Financial (NYSE:FAF) with a Overweight and lowers the price target from $72 to $66.