FAF - Shares of First American Corporation (New) (FAF) Exceed 52-Week High

Shares of First American Corporation (New) (NYSE:FAF) traded at a new 52-week high today of $71.88. This new high was reached on below average trading volume as 168,000 shares traded hands, while the average 30-day volume is approximately 544,000 shares.

First American Financial is a financial services business providing insurance through two segments: title insurance and related services and specialty insurance. Title insurance and related services includes 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 title insurance sector serves residential and commercial deals. Specialty insurance includes property insurance policies, casualty insurance policies, and home warranties. Nearly all the company's revenue comes from the title insurance and related services segment in the United States.

Over the past year, First American Corporation (New) has traded in a range of $44.05 to $71.88 and is now at $71.54, 62% above that low.

First American Corporation (New) (NYSE:FAF) is currently priced 31.0% above its average consensus analyst price target of $49.36.

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