First American Financial: Enabling Trusted Real Estate Transactions
In December, Ensemble Capital’s CIO, Sean Stannard-Stockton, appeared at the ValueWalk Contrarian Investor Virtual Conference to discuss their investment in First American Financial, one of the two leading title insurance providers in the US.
In the presentation, Sean discussed:
- How First American, and a few other small companies offering title insurance, provides a very low-cost mechanism to create trust in the US real estate market which greatly reduces transaction costs that buyers and lenders would otherwise incur.
- How First American reacted differently than its main competitor to the initial impact of the pandemic and set themselves up to capitalize on the massive recovery that occurred and the continued housing activity boom we expect to continue.
- Why the largest cohort of Millennials is just now entering the home buying market, which will drive a wave of household formation and housing demand for a number of years to come.
(Click here to see video if you are reading this in an email)
For more information about positions owned by Ensemble Capital on behalf of clients as well as additional disclosure information related to this post, please CLICK HERE.
While we do not accept public comments on this blog for compliance reasons, we encourage readers to contact us with their thoughts.
Past performance is no guarantee of future results. All investments in securities carry risks, including the risk of losing one’s entire investment. The opinions expressed within this blog post are as of the date of publication and are provided for informational purposes only. Content will not be updated after publication and should not be considered current after the publication date. All opinions are subject to change without notice and due to changes in the market or economic conditions may not necessarily come to pass. Nothing contained herein should be construed as a comprehensive statement of the matters discussed, considered investment, financial, legal, or tax advice, or a recommendation to buy or sell any securities, and no investment decision should be made based solely on any information provided herein. Links to third party content are included for convenience only, we do not endorse, sponsor, or recommend any of the third parties or their websites and do not guarantee the adequacy of information contained within their websites. Please follow the link above for additional disclosure information.