Fidelity National Financial (NYSE:FNF) Issues Earnings Results

Fidelity National Financial (NYSE:FNF) issued its quarterly earnings data on Thursday. The financial services provider reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.10), FiscalAI reports. Fidelity National Financial had a return on equity of 15.06% and a net margin of 8.34%.The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same quarter last year, the company posted $1.34 EPS. The company’s revenue was up 11.9% on a year-over-year basis.

Fidelity National Financial Price Performance

Shares of NYSE:FNF traded down $3.18 during midday trading on Friday, hitting $51.04. The company’s stock had a trading volume of 706,925 shares, compared to its average volume of 1,489,587. The company has a market cap of $14.35 billion, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 0.71 and a beta of 0.98. Fidelity National Financial has a 12-month low of $50.56 and a 12-month high of $66.72. The business’s 50 day simple moving average is $55.18 and its 200 day simple moving average is $57.20. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.25 and a current ratio of 0.25.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 6,000 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $55.90, for a total value of $335,400.00. Following the completion of the sale, the director owned 13,186 shares in the company, valued at approximately $737,097.40. This represents a 31.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Financial

A number of large investors have recently made changes to their positions in FNF. Windacre Partnership LLC lifted its position in Fidelity National Financial by 31.0% during the third quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock worth $1,143,569,000 after buying an additional 4,477,900 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Fidelity National Financial by 75.4% during the 3rd quarter. AQR Capital Management LLC now owns 5,057,355 shares of the financial services provider’s stock worth $304,503,000 after acquiring an additional 2,174,220 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Fidelity National Financial by 368.3% during the 2nd quarter. Alliancebernstein L.P. now owns 1,770,685 shares of the financial services provider’s stock worth $99,265,000 after acquiring an additional 1,392,560 shares during the period. Qube Research & Technologies Ltd boosted its position in shares of Fidelity National Financial by 113.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 772,434 shares of the financial services provider’s stock valued at $43,303,000 after acquiring an additional 410,841 shares during the last quarter. Finally, Amundi increased its position in Fidelity National Financial by 52.8% during the fourth quarter. Amundi now owns 827,222 shares of the financial services provider’s stock worth $45,158,000 after purchasing an additional 285,849 shares during the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on FNF shares. National Bank Financial set a $63.00 price target on Fidelity National Financial in a research note on Tuesday, January 6th. Barclays dropped their price objective on Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 6th. Stephens started coverage on Fidelity National Financial in a research note on Friday, November 14th. They set an “overweight” rating for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fidelity National Financial in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Fidelity National Financial from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Fidelity National Financial presently has an average rating of “Moderate Buy” and an average price target of $68.25.

Fidelity National Financial Company Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.