First American Financial (NYSE:FAF – Get Free Report) released its quarterly earnings data on Wednesday. The insurance provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.19, Briefing.com reports. First American Financial had a return on equity of 7.98% and a net margin of 3.28%. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same period in the prior year, the firm posted $1.22 earnings per share. The firm’s quarterly revenue was down 5.1% on a year-over-year basis.
First American Financial Trading Up 0.2 %
First American Financial stock opened at $63.91 on Friday. First American Financial has a twelve month low of $49.55 and a twelve month high of $67.88. The stock’s fifty day simple moving average is $64.69 and its 200-day simple moving average is $59.06. The firm has a market capitalization of $6.63 billion, a P/E ratio of 30.58 and a beta of 1.29.
First American Financial Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 20th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.38%. This is a positive change from First American Financial’s previous quarterly dividend of $0.53. First American Financial’s dividend payout ratio is currently 103.35%.
Analysts Set New Price Targets
Read Our Latest Analysis on FAF
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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