The company said, “This quarter, we ramped up our share repurchases and, in July, our board of directors approved a new $300 million share repurchase authorization. We are at the very beginning of the next real estate cycle and are poised to outperform given our unique assets and the productivity improvements we expect to achieve related to our investments in data, technology and AI.”
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FAF:
- First American reports Q2 adjusted EPS $1.53, consensus $1.43
- First American (FAF) Q2 Earnings Cheat Sheet
- FHFA director Pulte says adding Westcor to Fannie Mae’s title acceptance pilot
- Keefe views title insurer selloff on Pulte tweet as overdone
- First American price target lowered to $70 from $72 at Barclays
