First American Financial Q2 2024 Adj EPS $1.27 Beats $1.16 Estimate, Sales $1.612B Miss $1.624B Estimate

7/24/24 4:19:06 PM ET

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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.

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Recent Analyst Ratings for
$FAF

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

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First American Financial Corporation Appoints Deborah L. Wahl to Board of Directors
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
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Mother Lode Holding Company Acquires Wisconsin Title Service Company Inc. and Its Sister Company
—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
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FirstFunding® Names Matt Coles National Sales Manager
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
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Houston-The Woodlands-Sugar Land Home Prices Up 2.4% Year Over Year in October, According to First American Data & Analytics Monthly Home Price Index Report
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.
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New York-Jersey City-White Plains Home Prices Up 4.4% Year Over Year in October, According to First American Data & Analytics Monthly Home Price Index Report
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.
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National House Prices Stabilize After Nine-Month Slowdown, According to First American Data & Analytics Monthly Home Price Index Report
—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
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First American Financial Corporation Declares Quarterly Cash Dividend of 54 Cents Per 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 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
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First American Financial Announces Third Quarter 2024 Earnings Conference Call
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
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First American Financial Corporation Increases Quarterly Cash Dividend to 54 Cents Per 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 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
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First American Financial Q2 2024 Adj EPS $1.27 Beats $1.16 Estimate, Sales $1.612B Miss $1.624B Estimate

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Recent Analyst Ratings for $FAF

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First American Financial upgraded by Keefe Bruyette with a new price target

Deutsche Bank initiated coverage on First American Financial

Barclays initiated coverage on First American Financial with a new price target

$FAF SEC Filings

SEC Form 13F-HR filed by First American Corporation (New)

SEC Form 10-Q filed by First American Corporation (New)

First American Corporation (New) filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

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Amendment: SEC Form SC 13G/A filed by First American Corporation (New)

Amendment: SEC Form SC 13G/A filed by First American Corporation (New)

SEC Form SC 13G/A filed by First American Corporation (New) (Amendment)

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VP & Chief Accounting Officer Adams Steven A sold $149,012 worth of shares (2,337 units at $63.76), decreasing direct ownership by 25% to 7,113 units (SEC Form 4)

Director Wahl Deborah was granted 696 shares (SEC Form 4)

SEC Form 3 filed by new insider Wahl Deborah

First American Financial Corporation Appoints Deborah L. Wahl to Board of Directors

Mother Lode Holding Company Acquires Wisconsin Title Service Company Inc. and Its Sister Company

FirstFunding® Names Matt Coles National Sales Manager

Houston-The Woodlands-Sugar Land Home Prices Up 2.4% Year Over Year in October, According to First American Data & Analytics Monthly Home Price Index Report

New York-Jersey City-White Plains Home Prices Up 4.4% Year Over Year in October, According to First American Data & Analytics Monthly Home Price Index Report

National House Prices Stabilize After Nine-Month Slowdown, According to First American Data & Analytics Monthly Home Price Index Report

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