Last $26.30 USD
Change Today 0.00 / 0.00%
Volume 543.1K
FAF On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

first american financial (FAF) Snapshot

Open
$26.44
Previous Close
$26.30
Day High
$26.58
Day Low
$26.30
52 Week High
12/26/13 - $28.57
52 Week Low
06/24/13 - $20.39
Market Cap
2.8B
Average Volume 10 Days
660.9K
EPS TTM
$1.66
Shares Outstanding
106.3M
EX-Date
06/5/14
P/E TM
15.8x
Dividend
$0.96
Dividend Yield
1.83%
Current Stock Chart for FIRST AMERICAN FINANCIAL (FAF)

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first american financial (FAF) Details

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Specialty Insurance segments. The Title Insurance and Services segment issues title insurance policies, and related products and services on residential and commercial property. This segment also offers closing and/or escrow services; accommodates tax-deferred exchanges of real estate; maintains, manages, and provides access to title plant records and images; and provides banking, trust, and investment advisory services, as well as provides products, services, and solutions involving the use of real property related data designed to mitigate risk or otherwise facilitate real estate transactions. It offers its products through a network of direct operations and agents in 49 states and in the District of Columbia, as well as in Canada, the United Kingdom, Australia, and other countries. The Specialty Insurance segment provides property and casualty insurance, including coverage to residential homeowners and renters for liability losses and typical hazards, such as fire, theft, vandalism, and other types of property damage in 46 states. It also sells home warranty products comprising residential service contracts that cover residential systems, such as heating and air conditioning systems, and certain appliances against failures that occur as the result of normal usage during the coverage period in 39 states and the District of Columbia; and offers auto insurance products. This segment markets its property and casualty insurance products through direct distribution channels, including cross-selling through its existing closing-service activities, as well as through a network of independent brokers. The company also provides loan quality analytics, decision support tools, and loan review services for the mortgage industry. The company was incorporated in 2008 and is based in Santa Ana, California.

17,292 Employees
Last Reported Date: 02/25/14
Founded in 2008

first american financial (FAF) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $900.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $445.0K
Executive Vice President
Total Annual Compensation: $725.0K
Executive Vice President
Total Annual Compensation: $575.0K
Chief Accounting Officer and Vice President
Total Annual Compensation: $254.2K
Compensation as of Fiscal Year 2013.

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."

 

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FAF Competitors

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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
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