First American Financial (NYSE:FAF – Get Free Report) announced its quarterly earnings results on Wednesday. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.14, Briefing.com reports. First American Financial had a return on equity of 8.02% and a net margin of 3.28%. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the company posted $1.35 earnings per share. First American Financial’s revenue was down 2.1% compared to the same quarter last year.
First American Financial Trading Up 2.1 %
Shares of FAF stock traded up $1.22 on Friday, hitting $59.26. 362,577 shares of the stock were exchanged, compared to its average volume of 640,063. The firm has a market capitalization of $6.15 billion, a PE ratio of 28.23 and a beta of 1.28. First American Financial has a one year low of $49.55 and a one year high of $65.54. The firm’s 50 day moving average is $54.87 and its two-hundred day moving average is $56.96.
First American Financial Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $2.12 annualized dividend and a dividend yield of 3.58%. First American Financial’s payout ratio is 101.44%.
Analyst Ratings Changes
First American Financial Company Profile
First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Home Warranty segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services internationally.
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