STOCK TITAN
  1. Home
  2. News
  3. FAF

First American Financial Corporation - FAF STOCK NEWS

Welcome to our dedicated page for First American Financial Corporation news (Ticker: FAF), a resource for investors and traders seeking the latest updates and insights on First American Financial Corporation stock.

First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance and settlement services across the United States and internationally, with a history dating back to 1889. As the parent company of First American Title Insurance Company, it delivers comprehensive title insurance protection and professional settlement services catering to homebuyers, sellers, real estate agents, brokers, mortgage lenders, commercial property professionals, homebuilders, developers, title agencies, and legal professionals.

First American's core services include thorough title searches, title clearance, and title insurance policies that ensure clear property titles and enable smooth real estate transactions. The company operates through two primary segments: Title Insurance and Related Services and Home Warranty. The title insurance segment encompasses real estate insurance, property closing services, escrow services, risk mitigation, and real estate data products, contributing to the majority of the company's revenue. The home warranty segment offers residential service contracts that cover systems such as heating and air conditioning, along with certain appliances, against failures from normal usage.

Recent achievements include strategic partnerships and acquisitions that expand their service network and capabilities. First American Financial Corporation remains dedicated to enhancing the efficiency and security of real estate transactions, making it a significant player in the financial services sector.

For the latest updates and news, First American Financial Corporation frequently publishes reports and insights regarding their financial performance, ongoing projects, and market developments. Stay informed about the latest events and advancements by exploring their official news releases and publications.

News

ServiceMac President Bob Caruso Named a 2023 HousingWire Vanguard Award Winner

Rhea-AI Summary
ServiceMac President Bob Caruso named 2023 HousingWire Vanguard Award winner
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.11%
Tags
none
-
News

First American Title’s Underwriter Support Services Now Includes PCN Network’s SAFEvalidation® Service

Rhea-AI Summary
First American Title Insurance includes wire verification service for title agents
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.48%
Tags
none
-
News

First American Financial Announces Third Quarter 2023 Earnings Conference Call

Rhea-AI Summary
First American Financial Corporation to host conference call on Oct. 26, 2023, following release of Q3 earnings results. Q4 and 2023 year-end earnings results expected on Feb. 8, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.34%
Tags
earnings
News

Affordability Sinks to Lowest Point in Over Three Decades, According to First American Real House Price Index

Rhea-AI Summary
The Real House Price Index (RHPI) rose by nearly 17% on an annual basis in July 2023, resulting in the lowest housing affordability in over three decades. The increase was driven by a 4% rise in nominal house prices and a 1.4 percentage point increase in the 30-year fixed mortgage rate compared to the previous year. Household income increased by 3.7% but was not enough to offset the affordability loss. The national housing market is overvalued, with 24 out of the top 50 markets considered overvalued. San Jose, California, was the most overvalued market. However, some markets like Detroit, Philadelphia, and Cleveland remain undervalued. The outlook for affordability will depend on the interplay between nominal house prices, household income, and mortgage rates. Lower prices, lower rates, or higher incomes are needed to bring more affordability to the housing market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.07%
Tags
none
-
News

First American Title Executive Vice President Sally French Tyler Named to CREW Network’s Exclusive Circle of Excellence

Rhea-AI Summary
Sally French Tyler of First American Financial Corporation is inducted into CREW Network's Circle of Excellence for her leadership and advocacy for women in commercial real estate.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.07%
Tags
none
-
News

First American Data & Analytics Releases Monthly Home Price Index Report with August 2023 Data

Rhea-AI Summary
First American Data & Analytics releases August 2023 Home Price Index report, showing a 0.7% increase in house prices between July and August 2023 and a 5.6% increase between August 2022 and August 2023. House prices reached a new peak in August 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.23%
Tags
none
News

First American Financial Corporation Increases Quarterly Cash Dividend to 53 Cents Per Share

Rhea-AI Summary
First American Financial Corporation (NYSE: FAF) announces a 2% increase in quarterly cash dividend to 53 cents per common share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.15%
Tags
dividends
-
News

First American Deputy Chief Economist Odeta Kushi Named a HousingWire 2023 Woman of Influence

Rhea-AI Summary
First American Financial Corporation (NYSE: FAF) announced that Deputy Chief Economist Odeta Kushi was named to the HousingWire 2023 Women of Influence list. The list honors 100 women shaping the housing economy with their professional accomplishments, community impact, and personal success. Kushi was recognized for her leadership at First American, her unique data-driven analysis of housing market trends, and her advocacy for diversity, equity, and inclusion. This recognition highlights her outstanding achievements and leadership in the industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.76%
Tags
none
-
News

First American Financial Reports Second Quarter 2023 Results

Rhea-AI Summary
First American Financial Corporation (NYSE: FAF) announced financial results for Q2 2023. Earnings per diluted share of $1.33, total revenue of $1.6 billion (down 20% YoY), Title Insurance and Services segment total revenues of $1.5 billion (down 25% YoY), Commercial revenues of $178 million (up 20% sequentially, but down 39% YoY), Home Warranty segment pretax margin of 13.4%. Entered into a new $900 million senior credit facility. Debt-to-capital ratio of 29.2%, cash flow from operations of $269 million. Repurchased 273,000 shares for $15 million. Named one of the 100 Best Workplaces for Innovators for 2023 by Fast Company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.23%
Tags
earnings
News

First American Financial Corporation Names Jody Mulkey Chief Technology Officer

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.99%
Tags
none

FAQ

What is the current stock price of First American Financial Corporation (FAF)?

The current stock price of First American Financial Corporation (FAF) is $67.64 as of November 22, 2024.

What is the market cap of First American Financial Corporation (FAF)?

The market cap of First American Financial Corporation (FAF) is approximately 7.0B.

What services does First American Financial Corporation offer?

First American Financial Corporation provides title insurance, settlement services, home warranties, real estate insurance, and related data products.

What is the primary business of First American Title Insurance Company?

The primary business includes title searches, title clearance, and title insurance policies to facilitate real estate transactions.

How long has First American Financial Corporation been in operation?

First American Financial Corporation traces its history back to 1889.

What are the two main segments of First American Financial Corporation?

The two main segments are Title Insurance and Related Services, and Home Warranty.

Where does the majority of First American Financial Corporation's revenue come from?

The majority of revenue comes from the Title Insurance and Related Services segment.

Who are the customers of First American Title Insurance Company?

Customers include homebuyers, sellers, real estate agents, brokers, mortgage lenders, commercial property professionals, homebuilders, developers, title agencies, and legal professionals.

What does the Home Warranty segment cover?

The Home Warranty segment covers residential systems like heating and air conditioning, and certain appliances against failures from normal usage.

What recent achievements has First American Financial Corporation made?

Recent achievements include strategic partnerships and acquisitions that enhance their service network and capabilities.

How does First American Financial Corporation ensure the efficiency of real estate transactions?

They provide thorough title searches, clearances, and title insurance policies that ensure clear property titles and facilitate smooth transactions.

Where can I find the latest news about First American Financial Corporation?

You can find the latest news and updates on their official website and news releases.

Stock FAF logo
First American Financial Corporation

NYSE:FAF

FAF Rankings

#1094 Ranked by Market Cap
#950 Ranked by Dividends

FAF Stock Data

6.96B
98.14M
3.74%
89.56%
0.91%
Insurance - Specialty
Title Insurance
Link
United States of America
SANTA ANA