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First American Financial Corporation - FAF STOCK NEWS

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

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 Corporation'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 Corporation's position in the market.

News
First American Financial Announces Third Quarter 2023 Earnings Conference Call
Rhea-AI Summary
First American Financial Corporation to host conference call on Oct. 26, 2023, following release of Q3 earnings results. Q4 and 2023 year-end earnings results expected on Feb. 8, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.34%
Tags
earnings
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News
Affordability Sinks to Lowest Point in Over Three Decades, According to First American Real House Price Index
Rhea-AI Summary
The Real House Price Index (RHPI) rose by nearly 17% on an annual basis in July 2023, resulting in the lowest housing affordability in over three decades. The increase was driven by a 4% rise in nominal house prices and a 1.4 percentage point increase in the 30-year fixed mortgage rate compared to the previous year. Household income increased by 3.7% but was not enough to offset the affordability loss. The national housing market is overvalued, with 24 out of the top 50 markets considered overvalued. San Jose, California, was the most overvalued market. However, some markets like Detroit, Philadelphia, and Cleveland remain undervalued. The outlook for affordability will depend on the interplay between nominal house prices, household income, and mortgage rates. Lower prices, lower rates, or higher incomes are needed to bring more affordability to the housing market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.07%
Tags
none
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News
First American Title Executive Vice President Sally French Tyler Named to CREW Network’s Exclusive Circle of Excellence
Rhea-AI Summary
Sally French Tyler of First American Financial Corporation is inducted into CREW Network's Circle of Excellence for her leadership and advocacy for women in commercial real estate.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.07%
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none
News
First American Data & Analytics Releases Monthly Home Price Index Report with August 2023 Data
Rhea-AI Summary
First American Data & Analytics releases August 2023 Home Price Index report, showing a 0.7% increase in house prices between July and August 2023 and a 5.6% increase between August 2022 and August 2023. House prices reached a new peak in August 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.23%
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none
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News
First American Financial Corporation Increases Quarterly Cash Dividend to 53 Cents Per Share
Rhea-AI Summary
First American Financial Corporation (NYSE: FAF) announces a 2% increase in quarterly cash dividend to 53 cents per common share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.15%
Tags
dividends
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News
First American Deputy Chief Economist Odeta Kushi Named a HousingWire 2023 Woman of Influence
Rhea-AI Summary
First American Financial Corporation (NYSE: FAF) announced that Deputy Chief Economist Odeta Kushi was named to the HousingWire 2023 Women of Influence list. The list honors 100 women shaping the housing economy with their professional accomplishments, community impact, and personal success. Kushi was recognized for her leadership at First American, her unique data-driven analysis of housing market trends, and her advocacy for diversity, equity, and inclusion. This recognition highlights her outstanding achievements and leadership in the industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.76%
Tags
none
News
First American Financial Reports Second Quarter 2023 Results
Rhea-AI Summary
First American Financial Corporation (NYSE: FAF) announced financial results for Q2 2023. Earnings per diluted share of $1.33, total revenue of $1.6 billion (down 20% YoY), Title Insurance and Services segment total revenues of $1.5 billion (down 25% YoY), Commercial revenues of $178 million (up 20% sequentially, but down 39% YoY), Home Warranty segment pretax margin of 13.4%. Entered into a new $900 million senior credit facility. Debt-to-capital ratio of 29.2%, cash flow from operations of $269 million. Repurchased 273,000 shares for $15 million. Named one of the 100 Best Workplaces for Innovators for 2023 by Fast Company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.23%
Tags
earnings
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News
First American Financial Corporation Names Jody Mulkey Chief Technology Officer
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.99%
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none
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News
First American Financial Announces Second Quarter 2023 Earnings Conference Call
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.56%
Tags
earnings
News
Housing Market Potential Increases, but Remains Squeezed by Supply Shortage, According to First American Potential Home Sales Model
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.42%
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none
Stock FAF logo
First American Financial Corporation

NYSE:FAF

FAF Rankings

#1128 Ranked by Market Cap
#2012 Ranked by Stock Gains
#866 Ranked by Dividends

FAF Stock Data

5.52B
92.22M
3.72%
90.29%
1.12%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
Link
United States of America
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).