Spring Housing Strength Boosts First American Financial
If you're looking to buy a home, then most mortgage lenders will require that you get title insurance protection. First American Financial (NYSE: FAF) is a provider of title services, and the recent boom in the housing market has kept its policy volumes high and its business looking good throughout the past several years.
Coming into Thursday's second-quarter financial report, First American investors expected those good times to continue, with higher revenue helping to lift profit levels. First American did even better than most had foreseen, and its efforts to streamline its internal operations have paid off with improvements that bode well for its long-term outlook. Let's take a closer look at First American Financial and what its latest results mean for the future.
Image source: First American Financial.
Source: Fool.com
First American Financial Corp Stock
First American Financial Corp is currently one of the favorites of our community with 13 Buy predictions and no Sell predictions.
As a result the target price of 70 € shows a slightly positive potential of 9.38% compared to the current price of 64.0 € for First American Financial Corp.
