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Lisa W. Cornehl, the Senior Vice President and Chief Legal Officer of First American Financial Corp (NYSE:FAF), a $6.66 billion market cap company, recently sold a portion of her company holdings. According to a Form 4 filing with the Securities and Exchange Commission, Cornehl sold 3,057 shares of common stock on February 25, 2025. The shares were sold at a weighted average price of $65.4942, resulting in a total transaction value of approximately $200,215. InvestingPro analysis indicates the stock is currently trading at a high earnings multiple with a P/E ratio of 50.3.
Following the sale, Cornehl retains ownership of 23,824.96 shares of First American Financial, which includes unvested Restricted Stock Units (RSUs) acquired through original grants and automatic dividend reinvestment. These RSUs are set to vest in annual increments over the next several years.
This transaction is part of the regular reporting requirements for company insiders, providing transparency into executive stock transactions.
In other recent news, First American Financial Corporation reported its fourth-quarter 2024 earnings, exceeding market expectations. The company achieved an adjusted earnings per share (EPS) of $1.35, surpassing the forecasted $1.10, while revenue reached $1.7 billion, higher than the anticipated $1.62 billion. The title segment experienced a 22% year-over-year revenue increase, and the commercial segment saw a remarkable 47% growth. Despite these strong financial results, the company’s stock price remained stable. Analysts from Deutsche Bank (ETR:DBKGn) and Barclays (LON:BARC) discussed the company’s robust commercial market performance and future growth expectations. First American’s strategic initiatives, including investment portfolio rebalancing, have contributed to its financial success. The company continues to anticipate growth in its commercial business and expects improvements in the residential purchase and refinance markets. Additionally, First American’s home warranty segment reported a 4% revenue increase year-over-year.
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