Revenue Update on First American Financial Corp(NYSE:FAF)

First American Financial Corp(NYSE:FAF) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $1.36B. Analysts estimated a revenue of $1.35B. Earnings per share were $0.87. Analysts had estimated an EPS of $0.81.

First American Financial Corp (FAF) made into the market gainers list on Wednesdays trading session with the shares advancing 0.68% or 0.28 points. Due to strong positive momentum, the stock ended at $41.55, which is also near the day’s high of $41.76. The stock began the session at $41.4 and the volume stood at 8,36,981 shares. The 52-week high of the shares is $43.16 and the 52 week low is $31.74. The company has a current market capitalization of $4,553 M and it has 10,95,74,846 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Feb 25, 2016, Dennis J Gilmore (Chief Executive Officer) sold 65,000 shares at $36.84 per share price.Also, On Feb 25, 2016, Kenneth D Degiorgio (Executive Vice President) sold 40,000 shares at $37.00 per share price.On Nov 17, 2015, Parker S Kennedy (director) sold 93,163 shares at $37.13 per share price, according to the Form-4 filing with the securities and exchange commission.

First American Financial Corporation (FAF) is a holding company. Through its subsidiaries the Company is engaged in the business of providing financial services. The Company operates in two segments: Title Insurance and Services segment and Specialty Insurance segment. The Title Insurance and Services segment issues title insurance policies on residential and commercial property. This segment also provides closing and escrow services; accommodates tax-deferred exchanges of real estate and provides banking trust and investment advisory services. The Company’s specialty insurance segment issues property and casualty insurance policies and sells home warranty products. The property and casualty insurance business provides insurance coverage to residential homeowners and renters for liability losses and typical hazards such as fire theft vandalism and other types of property damage. The Company’s subsidiary is First American Title Insurance Company and First American Trust FSB.

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