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First American Financial Corp - FAF STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect First American Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of First American Financial's position in the market.

News
FirstFunding® Names Matt Coles National Sales Manager
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.77%
Tags
none
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News
First American Title Named One of the Most Innovative Technology Companies in Real Estate by HousingWire
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.07%
Tags
none
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News
First American Data & Analytics Named One of the Most Innovative Technology Companies in the Housing Economy by HousingWire
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.07%
Tags
none
News
First American Financial Reports Results for the Fourth Quarter and Full Year of 2023
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.84%
Tags
earnings
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News
First American Financial Corporation Declares Quarterly Cash Dividend of 53 Cents Per Share
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.49%
Tags
dividends
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News
First American Financial Announces Fourth-Quarter and Full-Year 2023 Earnings Conference Call
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.45%
Tags
earnings
News
First American Financial Corporation Provides Update on Cybersecurity Incident
Rhea-AI Summary
First American Financial Corporation (NYSE: FAF) has experienced a cybersecurity incident, leading to the temporary shutdown of certain systems. The company is actively working to resume normal operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
Tags
none
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News
First American Financial Corporation Named Most Innovative Company of the Year, Gold Winner at Best in Biz Awards 2023
Rhea-AI Summary
First American Financial Corporation (NYSE: FAF) named Most Innovative Company of the Year at the Best in Biz Awards, showcasing its cutting-edge digital technologies and unmatched data assets. CEO Ken DeGiorgio emphasizes the company's long history of innovation focused on making real estate transactions faster, more intuitive, and more efficient, reflecting efforts to bring more speed, certainty, and simplicity to the process of buying and selling real estate.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.49%
Tags
none
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News
Falling Mortgage Rates Spark Increase in Housing Market Potential, According to First American Data & Analytics’ Potential Home Sales Model
Rhea-AI Summary
First American Financial Corporation (NYSE: FAF) released the November 2023 Potential Home Sales Model, indicating a 1.3% month-over-month increase in potential existing-home sales, reaching a 5.30 million seasonally adjusted annualized rate (SAAR). This represents a 52.1% increase from the market potential low point in February 1993. Despite this growth, potential existing-home sales are still 21.9% below the peak of market potential in April 2006. Chief Economist Mark Fleming expressed cautious optimism regarding the housing market, citing a decline in mortgage rates and a 2% month-over-month increase in house-buying power due to a 0.2 percentage-point monthly decline in mortgage rates and a 0.3% increase in median household income. The release also highlights a 5% increase in average mortgage applications in November compared to October, indicating a potential acceleration in home sales as 2023 comes to a close.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.84%
Tags
none
News
Fees for Title Insurance and Settlement Services Less Than 1 Percent of Borrower’s Total Life-of-Loan Costs: New Study From First American Chief Economist
Rhea-AI Summary
First American Financial Corporation (NYSE: FAF) published a study comparing fees for title insurance and settlement services with other closing costs charged to borrowers. The research highlights the inaccuracies in Fannie Mae's 2021 study and provides a more accurate analysis of various costs over the life of a mortgage. Title and settlement fees are found to be less than 1 percent of the borrower’s total life-of-loan costs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.19%
Tags
none
Stock FAF logo
First American Financial Corp

NYSE:FAF

FAF Rankings

#1099 Ranked by Market Cap
#2012 Ranked by Stock Gains
#920 Ranked by Dividends

FAF Stock Data

5.91B
92.22M
3.72%
90.29%
1.12%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
Link
US
Santa Ana

About FAF

first american title insurance company provides comprehensive title insurance protection and professional settlement services for homebuyers and sellers, real estate agents and brokers, mortgage lenders, commercial property professionals, homebuilders and developers, title agencies and legal professionals to facilitate real estate purchases, construction, refinances or equity loans. first american's thorough title searches, title clearance and title insurance policies help to produce clear property titles and enable the efficient transfer of real estate. as one of the largest title insurance companies in the nation, first american offers title insurance and settlement services through its direct operations and an extensive network of agents throughout the united states and internationally. first american title insurance company traces its history to 1889 and is the largest subsidiary of first american financial corporation (nyse: faf).