Last $25.92 USD
Change Today -0.38 / -1.44%
Volume 420.9K
FAF On Other Exchanges
Symbol
Exchange
New York
Frankfurt
New York
Frankfurt
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

first american financial (FAF) Key Developments

First American Financial Corporation Doubles Quarterly Cash Dividend, Payable on June 16, 2014

First American Financial Corporation announced that its board of directors has declared a quarterly cash dividend of 24 cents per common share, representing a 100% increase from the prior level of 12 cents per common share. The cash dividend is payable on June 16, 2014 to shareholders of record as of June 9, 2014. This increase will not impact the previously announced cash dividend of 12 cents per common share payable on March 17, 2014 to shareholders of record as of March 10, 2014.

First American Financial Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Production Guidance for 2014

First American Financial Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total revenues of $1,219,872,000 against $1,276,823,000 a year ago. Income before income taxes was $84,847,000 against $147,684,000 a year ago. Net income attributable to the company was $51,627,000 or $0.48 per diluted share against $93,277,000 or $0.85 per diluted share a year ago. Cash flow from operations of $132.6 million. The current quarter results include net realized investment gains of $2.4 million and impairment of equity investments of $7.8 million which together reduce net income by $0.03 per diluted share. For the full year, the company reported total revenues of $4,956,077,000 against $4,541,821,000 a year ago, which grew by 9% driven by strength in resale and commercial businesses. Revenue growth was led by purchase business, which grew 26%, as both transaction volumes and real estate prices increased. Income before income taxes was $310,708,000 against $467,406,000 a year ago. Net income attributable to the company was $186,367,000 or $1.71 per diluted share against $301,041,000 or $2.77 per diluted share a year ago. Revenue growth was led by purchase business which grew by 26% as both transaction volumes and real estate prices increased in 2013. Capital expenditures were $26 million, the majority of which were related to fixed asset purchases and capitalized software. For 2014, the company expects volumes to soften relative as a result of a weaker refinance market. The company expects continued growth in higher premium re-sale and commercial businesses.

First American Financial Mulls Acquisitions

First American Financial Corporation (NYSE:FAF) announced its earnings conference call for the quarter fourth of 2013. Dennis Gilmore, Chief Executive Officer, said, "Our capital management strategy remains consistent. First, make value-creating investments in our core business. Second, continue to acquire businesses that fit with our core strategy, including companies that enhance our risk profile offerings. Third, return excess capital to our shareholders through dividends and share repurchases."

First American Financial Corporation to Report Q4, 2013 Results on Feb 13, 2014

First American Financial Corporation announced that they will report Q4, 2013 results at 7:00 AM, US Eastern Standard Time on Feb 13, 2014

First American Financial Corporation, Q4 2013 Earnings Call, Feb 13, 2014

First American Financial Corporation, Q4 2013 Earnings Call, Feb 13, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
FAF:US $25.92 USD -0.38

FAF Competitors

Market data is delayed at least 15 minutes.

Company Last Change
American Financial Group Inc/OH $57.18 USD +0.19
Kemper Corp $38.99 USD +0.47
Mercury General Corp $46.03 USD +0.28
Old Republic International Corp $16.53 USD +0.09
Hanover Insurance Group Inc/The $58.71 USD -0.18
View Industry Companies
 

Industry Analysis

FAF

Industry Average

Valuation FAF Industry Range
Price/Earnings 15.4x
Price/Sales 0.6x
Price/Book 1.1x
Price/Cash Flow 10.7x
TEV/Sales 0.3x
 | 

Post a JobJobs

View all jobs

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact FIRST AMERICAN FINANCIAL, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.