Somewhat Positive Press Coverage Somewhat Unlikely to Impact First American Financial (FAF) Stock Price
Headlines about First American Financial (NYSE:FAF) have been trending somewhat positive on Thursday, according to Accern. The research firm identifies positive and negative news coverage by reviewing 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 Financial earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave news articles about the insurance provider an impact score of 45.2709034983437 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of brokerages have weighed in on FAF. Stephens upgraded shares of First American Financial from an “equal” rating to a “weight” rating in a research report on Monday. Zacks Investment Research upgraded shares of First American Financial from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Thursday, December 28th. Finally, Barclays lifted their price target on shares of First American Financial from $52.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, October 27th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. First American Financial currently has an average rating of “Buy” and a consensus price target of $54.00.
Shares of First American Financial (NYSE FAF) traded up $0.19 during trading hours on Thursday, hitting $59.51. 507,801 shares of the stock were exchanged, compared to its average volume of 751,025. The firm has a market capitalization of $6,570.00, a price-to-earnings ratio of 23.52, a PEG ratio of 1.20 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.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 8th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, December 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.55%. First American Financial’s dividend payout ratio (DPR) is presently 60.08%.
In other news, CFO Mark Edward Seaton sold 9,981 shares of First American Financial stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $54.87, for a total transaction of $547,657.47. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Christopher Michael Leavell sold 75,843 shares of First American Financial stock in a transaction on Friday, December 1st. The stock was sold at an average price of $55.25, for a total transaction of $4,190,325.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 193,161 shares of company stock worth $10,639,325. 3.10% of the stock is owned by company insiders.
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First American Financial 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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