First American Financial's title insurance arm has rolled out a no cost property title monitoring and fraud alert service for residential policyholders, putting the company back on investor radar. The stock is up 19.24% year to date, with a 7.45% 90 day share price return and a 1 year total shareholder return of 14.27%. Against a last close of $72.83, the most followed narrative pegs First American Financial's fair value at $86.20, implying 16% undervaluation. The stock trades on a P/E of 10x, slightly above close peers at 9.8x but below the wider US Insurance industry at 11.4x. The story could change quickly if commercial title activity cools after an unusually strong period, or if FHFA title waiver pilots gain traction and start chipping away at refinance volumes.
First American CorporationFirst American launched a free title fraud monitoring and alert service for residential policyholders, a new product offering.
Yulon Finance Corp