Fidelity National Financial (NYSE:FNF) Releases Earnings Results, Misses Estimates By $0.08 EPS

Fidelity National Financial (NYSE:FNF) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.08), RTT News reports. The company had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $2.72 billion. Fidelity National Financial had a return on equity of 13.91% and a net margin of 4.40%. The company’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS.

Fidelity National Financial Trading Up 0.9 %

Shares of NYSE:FNF traded up $0.48 during trading on Thursday, reaching $52.61. The company’s stock had a trading volume of 1,495,332 shares, compared to its average volume of 1,517,793. The stock has a market capitalization of $14.38 billion, a PE ratio of 27.29 and a beta of 1.33. Fidelity National Financial has a 12 month low of $33.61 and a 12 month high of $53.96. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.52. The firm’s 50 day simple moving average is $50.71 and its two-hundred day simple moving average is $48.53.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.65%. Fidelity National Financial’s dividend payout ratio (DPR) is 100.52%.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 3,000 shares of Fidelity National Financial stock in a transaction on Friday, April 26th. The shares were sold at an average price of $50.64, for a total transaction of $151,920.00. Following the completion of the transaction, the director now directly owns 14,906 shares of the company’s stock, valued at $754,839.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Cary H. Thompson sold 23,410 shares of Fidelity National Financial stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the completion of the sale, the director now owns 40,317 shares in the company, valued at approximately $2,060,601.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Halim Dhanidina sold 3,000 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $50.64, for a total transaction of $151,920.00. Following the completion of the transaction, the director now owns 14,906 shares in the company, valued at $754,839.84. The disclosure for this sale can be found here. 5.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on FNF. Truist Financial raised their price objective on shares of Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Keefe, Bruyette & Woods boosted their price target on Fidelity National Financial from $54.00 to $56.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. Deutsche Bank Aktiengesellschaft initiated coverage on Fidelity National Financial in a report on Wednesday, January 10th. They issued a “hold” rating for the company. Finally, Barclays increased their price objective on shares of Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $54.20.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.