FAF Stock Summary and Trading Ideas (First American Financial | NYSE:FAF)

First American Financial Corp is a financial services business providing insurance through two segments: title insurance and related services and Home warranty. Title insurance and related services include real estate insurance, property closing services, third-party handling of real estate funds (escrow), risk mitigation, real estate data products, and related real estate transaction services. The home warranty segment provides residential service contracts that cover residential systems, such as heating and air conditioning systems, and certain appliances against failures that occur as the result of normal usage during the coverage period. Nearly all the company's revenue comes from the title insurance and related services segment in the United States.

First American Financial trades on the NYSE stock market under the symbol FAF.

As of April 19, 2024, FAF stock price climbed to $56.58 with 391,403 million shares trading.

FAF has a beta of 1.38, meaning it tends to be more sensitive to market movements. FAF has a correlation of 0.44 to the broad based SPY ETF.

FAF has a market cap of $5.84 billion. This is considered a Mid Cap stock.

Last quarter First American Financial reported $1 billion in Revenue and $.69 earnings per share. This fell short of revenue expectation by $-41 million and missed earnings estimates by -$.08.

In the last 3 years, FAF stock traded as high as $81.54 and as low as $43.54.

The top ETF exchange traded funds that FAF belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.

FAF has underperformed the market in the last year with a price return of +1.7% while the SPY ETF gained +21.2%. FAF has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -5.3% and -6.5%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

FAF support price is $54.23 and resistance is $56.25 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FAF stock will trade within this expected range on the day.