First Acceptance Corporation (FACO)
First Acceptance Corporation operates in the Insurance - Property & Casualty industry of the Financial Services sector, headquartered in Nashville, TN, US. The stock last traded at $6.13, down 0.33% on the session, giving a market capitalisation of $226.2M. On trailing twelve-month figures it carries a trailing P/E of 6.01, a net margin of 7.8%. Its beta of 0.19 implies it has historically moved less than the broad market.
First Acceptance Corporation, together with its subsidiaries, operates as a retailer, servicer, and underwriter of non-standard personal automobile insurance and related products in the United States. It issues non-standard automobile insurance policies to individuals based on their inability or unwillingness to obtain insurance coverage from standard carriers due to various factors, including their payment preference, failure to maintain continuous insurance coverage, or driving record. The company also underwrites auto and motorcycle insurance products; renters, and homeowners; term life insurance products, as well as roadside assistance. The company primarily distributes its products through its retail locations, as well as through call center and internet. First Acceptance Corporation was founded in 1969 and is headquartered in Nashville, Tennessee.
First Acceptance Corporation is most often compared with the following Financial Services names: