First American Financial Corporation (FAF) recently announced an increase in its quarterly cash dividend, showcasing its commitment to rewarding its shareholders. This move is a testament to the insurer's strong financial position and long-term growth prospects. Approved by the board of directors, the regular quarterly dividend has now been increased to 53 cents per share of common stock from 52 cents. This increment represents a remarkable 2% rise over the previously declared rate. Based on the stock's Sep ...

A month has gone by since the last earnings report for First American Financial (FAF) . Shares have added about 7.3% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is First American Financial due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. First American Q2 Earnings ...

Shares of First American Financial (FAF) have gained 14.7% in the past six months, outperforming the industry's growth of 9.1% and the Zacks S&P 500 composite's increase of 5.9%. In contrast, the Finance sector declined 0.5% in the said time frame. Increased demand among millennials for first-time home purchases, the expansion of valuation and data businesses, as well as strength in commercial business and technological upgrades drive this Zacks Rank #3 (Hold) insurer. The Zacks Consensus Estimate for 2024 ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measure ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number: 001-34580 FIRST AMERICAN FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Delaware 26-1911 ...

First American Financial Corporation (NYSE:FAF) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Craig Barberio - VP, IR Ken DeGiorgio - CEO Mark Seaton - EVP and CFO Conference Call Participants Mark Hughes - Truist Securities Mark DeVries - Deutsche Bank Soham Bhonsle - BTIG Bose George - KBW Terry Ma - Barclays John Campbell - Stephens Inc. Operator Greetings and welcome to the First American Financial Corporation Second Quarter Earnings Conference Call. At this time, all p ...

First American Financial (FAF) reports a second-quarter 2024 operating income per share of $1.27, which beat the Zacks Consensus Estimate by 12.4%. The bottom line decreased 5.9% year over year. The insurer's results reflect the benefits of the seasonal pick-up in demand despite challenging market conditions. Operating revenues of $1.6 billion dropped 2.1% year over year due to lower agent premiums and information and other. The top line missed the Zacks Consensus Estimate by 1.2%. Investment income was $12 ...

The reported revenue represents a surprise of -1.20% over the Zacks Consensus Estimate of $1.63 billion. With the consensus EPS estimate being $1.13, the EPS surprise was +12.39%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago n ...

-more- First American Financial Reports Second Quarter 2024 Results Page 11 First American Financial Corporation Reconciliation of Non-GAAP Financial Measures (in millions, except margin and per share amounts, unaudited) Consolidated | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------|-------|-------------|-------|----------|-------|-------------|-------|-----------| | | | June \n2024 | 30, | 2023 | | June \n2024 | 30, | 2023 | | Total revenues | $ ...

The consensus EPS estimate for the quarter has been revised 2.1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights. Based on the collective assessment of an ...