First American Financial stock rises after upgrade to Outperform at KBW [Seeking Alpha]
First American Corporation (New) (FAF)
Last first american corporation (new) earnings: 4/23 06:45 am
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US:NYSE Investor Relations:
investors.firstam.com
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Source: Seeking Alpha
on the view that the company "is the best way to play the eventual recovery among the three title insurers under its coverage." With elevated mortgage rates denting real estate transactions, First American Financial's ( FAF ) title insurance business has suffered a downturn. Total revenues from its Title Insurance and Services segment retreated to $1.32B in Q4 2023 from $1.61B in the year-ago quarter. In a note to clients, KBW said the rate backdrop will remain a challenge for refinancing volumes, but sees a modest improvement in the purchase market starting in 2025. As such, the firm "is getting more constructive on the title insurers and believe FAF is the most attractive in terms of valuation," it said. The Outperform rate disagrees with the SA Quant system rating of Sell and aligns with the average sell-side analyst rating of Buy. Recommended For You More Trending News Recommended For You More Trending News About FAF Stock Related Stocks Trending Analysis T
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News
- First American Financial First Quarter 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Home Loan Rates Increased Over the Last Week: Mortgage Interest Rates for April 26, 2024 [CNET News]CNET News
- First American Financial Co. (NYSE: FAF) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $72.00 price target on the stock.MarketBeat
- First American (FAF) Q1 Earnings & Revenues Miss Estimates [Yahoo! Finance]Yahoo! Finance
- Mortgages Move Up for Homeseekers: Today's Mortgage Rates on April 25, 2024 [CNET News]CNET News
FAF
Earnings
- 4/24/24 - Miss
FAF
Sec Filings
- 4/26/24 - Form 10-Q
- 4/24/24 - Form 8-K
- 4/15/24 - Form 13F-HR/A
- FAF's page on the SEC website