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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

First American Financial Corporation Declares Quarterly Cash Dividend of 53 Cents Per Share

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First American Financial Corporation (NYSE: FAF) declares a quarterly cash dividend of 53 cents per common share, payable on December 15, 2023, to shareholders of record as of December 8, 2023. This announcement reflects the company's commitment to providing value to its shareholders and its confidence in its financial position.
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First American Financial Reports Third Quarter 2023 Results

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First American Financial Corporation announces financial results for Q3 2023 with a net loss of $2 million and total revenue of $1.5 billion, down 19% from last year. Title Insurance and Services segment sees a 35% increase in investment income and a reduction in policy losses and other claims.
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First American Named One of the Fortune Best Workplaces for Women™ by Great Place to Work® for Eighth Year in a Row

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First American Financial Corporation has been selected as one of the 2023 Fortune Best Workplaces for Women™. This is the eighth consecutive year the company has earned a spot on the list. The recognition reflects the company's commitment to providing women with opportunities and support to advance their careers.
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AM Best Affirms Credit Ratings of First American Title Insurance Group Members and First American Financial Corporation

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AM Best affirms the excellent financial strength rating of First American Title Insurance Company and its title affiliates. The ratings reflect the company's strong balance sheet, adequate operating performance, and solid market position.
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Housing Market Dynamics Mirror the Early 1980s, According to First American Data & Analytics’ Potential Home Sales Model

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The current housing market resembles that of the 1980s, according to Chief Economist Mark Fleming.
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Los Angeles-Long Beach-Glendale Home Prices Up 5.2% Year Over Year, According to First American Data & Analytics Monthly Home Price Index Report

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Nationwide House Prices Reach a New Peak in September
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New York-Jersey City-White Plains, NY-NJ Home Prices Up 5.6% Year Over Year, According to First American Data & Analytics Monthly Home Price Index Report

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Nationally, house prices continue to reach new records as supply remains limited and buyers chase the few available homes. In September 2023, home prices in the New York-Jersey City-White Plains metropolitan area increased by 5.6% compared to last year. The starter home price tier continues to outperform the middle and luxury tiers in many markets, indicating strong demand from first-time homebuyers.
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Dallas-Plano-Irving Home Prices Up 2.5% Year Over Year, According to First American Data & Analytics Monthly Home Price Index Report

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Nationally House Prices Reach a New Peak in September. Rising mortgage rates continue to depress housing supply and suppress affordability, limiting supply while buyers chase what few homes are available for sale. In the Dallas-Plano-Irving metropolitan area, home prices increased by 2.5% compared to a year ago. The starter home price tier continues to outperform the middle and luxury price tiers in many markets, suggesting first-time home buyer demand remains resilient. In Texas, nominal house prices increased 3.5% on a year-over-year basis. House prices increased 0.7% between August and September 2023 and 6.3% between September 2022 and September 2023. House price growth reported in the previous month's HPI for July 2023 to August 2023 was revised down 0.2%.
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House Prices Reach a New Peak in September, According to First American Data & Analytics Monthly Home Price Index Report

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First American Data & Analytics releases September 2023 Home Price Index report, showing a 0.7% increase in house prices between August and September and a 6.3% increase compared to September 2022.
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Houston-The Woodlands-Sugar Land Home Prices Up 3.5% Year Over Year, According to First American Data & Analytics Monthly Home Price Index Report

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First American Data & Analytics has released its September 2023 Home Price Index (HPI) report, which shows that nationally, house prices continue to set new records. The lack of supply is constraining the market more than reduced demand due to record-low affordability. In the Houston-The Woodlands-Sugar Land metropolitan area, home prices increased by 3.5% compared to last year and 0.4% compared to August 2023. The starter home price tier continues to outperform the middle and luxury price tiers in many markets, suggesting strong demand from first-time home buyers. In Texas, nominal house prices increased by 3.5% on a year-over-year basis. House prices increased 0.7% between August and September 2023, and 6.3% between September 2022 and September 2023.
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FAQ

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

The current stock price of First American Financial Corporation (FAF) is $62.54 as of December 27, 2024.

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

The market cap of First American Financial Corporation (FAF) is approximately 6.5B.

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

#1106 Ranked by Market Cap
#932 Ranked by Dividends

FAF Stock Data

6.54B
98.14M
3.74%
89.54%
1.21%
Insurance - Specialty
Title Insurance
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United States of America
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