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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

Peak National House Price Appreciation May be Behind Us, According to First American Data & Analytics Monthly Home Price Index Report

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First American Data & Analytics released its January 2024 Home Price Index report, showing a 0.3% increase in house prices between December 2023 and January 2024. Despite a peak in December 2023, annual house price growth slowed slightly in January 2024. The report highlights state and local market price changes, with Pennsylvania leading in year-over-year growth at 8.4%. While house prices increased in all 30 markets tracked, 23 markets remain below their prior peaks.
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Los Angeles-Long Beach-Glendale Home Prices Up 5.6% Year Over Year, According to First American Data & Analytics Monthly Home Price Index Report

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First American Data & Analytics, a division of First American Financial Corporation (NYSE: FAF), released its January 2024 Home Price Index report, showing a 7.2% increase in house prices year-over-year nationally. While the pace of appreciation peaked in December 2023, the market is expected to cool down with more supply in 2024.
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New York-Jersey City-White Plains, NY-NJ Home Prices Up 6.5% Year Over Year, According to First American Data & Analytics Monthly Home Price Index Report

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First American Data & Analytics released its January 2024 Home Price Index report, showing a 0.3% increase in house prices nationally from December 2023 to January 2024. The report highlights a 7.2% increase in house prices from January 2023 to January 2024, with prices reaching a new peak for the tenth consecutive month. While annual house price growth peaked in December 2023, the pace is expected to slow down in the coming months. The report also reveals that house prices in the New York-Jersey City-White Plains area increased by 6.5% in January compared to a year ago, with the starter tier seeing a 10.9% increase, mid-tier 7.6%, and luxury tier 3.2%. Despite the overall increase, the report notes that house prices in 23 of the top 30 markets are below their prior peaks, with some markets experiencing significant declines.
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Houston-The Woodlands-Sugar Land Home Prices Up 5.1% Year Over Year, According to First American Data & Analytics Monthly Home Price Index Report

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First American Data & Analytics released its January 2024 Home Price Index report, showing a 0.3% increase in house prices from December 2023 to January 2024 and a 7.2% increase year-over-year. National house prices reached a new peak in January 2024. The report highlights a cooling trend in annual home price appreciation, with potential for more supply and improved affordability in 2024.
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FirstFunding® Names Matt Coles National Sales Manager

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FirstFunding Inc., a subsidiary of First American Financial Corporation, appoints Matt Coles as national sales manager to enhance sales strategy and operations, aiming to grow customer base and identify new opportunities. Coles brings extensive experience in the mortgage industry and networking skills to drive company growth.
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First American Title Named One of the Most Innovative Technology Companies in Real Estate by HousingWire

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First American Title Insurance Company, a subsidiary of First American Financial Corporation (NYSE: FAF), receives recognition as a 2024 HW Tech100™ Real Estate winner by HousingWire. The company's digital platform, FirstAm IgniteRE™, is praised for simplifying real estate transactions and enhancing customer experience through innovative tools and capabilities.
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First American Data & Analytics Named One of the Most Innovative Technology Companies in the Housing Economy by HousingWire

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First American Data & Analytics, a division of First American Financial Corporation (NYSE:FAF), has been recognized by HousingWire as a 2024 HW Tech100™ winner in the mortgage and real estate categories. The company's innovative data and analytics solutions, powered by extensive property information datasets, have earned it 21 patents and positioned it as a leader in the industry.
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First American Financial Reports Results for the Fourth Quarter and Full Year of 2023

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First American Financial Corporation (NYSE: FAF) announced its financial results for Q4 2023, revealing a 15% decline in total revenue compared to last year. Earnings per diluted share were $0.33, or $0.69 per share on an adjusted basis. The company's cybersecurity incident significantly impacted results, with net investment losses totaling $42 million in the current quarter. Full-year revenue was $6.0 billion, down 21% compared to the prior year. Adjusted net income for 2023 was $398 million, or $3.80 per diluted share, compared with $682 million, or $6.35 per diluted share in 2022.
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First American Financial Corporation Declares Quarterly Cash Dividend of 53 Cents Per Share

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First American Financial Corporation (FAF) has declared a quarterly cash dividend of 53 cents per common share, payable on March 15, 2024, to shareholders of record as of March 8, 2024.
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First American Financial Announces Fourth-Quarter and Full-Year 2023 Earnings Conference Call

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First American Financial Corporation (NYSE: FAF) has announced its planned earnings release dates for 2024, starting with the fourth-quarter and full-year 2023 earnings results on February 7 and 8, 2024. The company will host a conference call to discuss the results on February 8, 2024, and expects to issue press releases for subsequent quarterly financial results on April 25, July 25, and October 24, 2024. The conference call will be open to investors, members of the financial community, the media, and the public, and will also be broadcast over the Internet.
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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 $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.

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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
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United States of America
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