Ensemble Capital: Contrarian Long Thesis For Title Insurance

The fifth Contrarian Investor Virtual Conference is over, and investors are mulling over the stock picks that were presented. Sean Stannard-Stockton of Ensemble Capital Management was among the presenters. He offered his long thesis for First American Financial, a title insurance company.

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Details on First American Financial

First American has a $5.8 billion market capitalization. The company insures titles, making sure they are free and clear and actually owned by the person who's selling a house. Title insurance companies enable the housing market to function by providing a service that the government doesn't.

First American Financial and Fidelity National are the...