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

Fidelity National Financial (NYSE:FNF) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.08), RTT News reports. The firm 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 firm posted $0.52 earnings per share.

Fidelity National Financial Trading Up 0.9 %

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

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.65%. Fidelity National Financial’s dividend payout ratio is presently 100.52%.

Insider Transactions at Fidelity National Financial

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FNF. Keefe, Bruyette & Woods upped their target price on Fidelity National Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft started coverage on shares of Fidelity National Financial in a research note on Wednesday, January 10th. They issued a “hold” rating on the stock. Barclays raised their price target on Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Truist Financial raised their price objective on shares of Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Fidelity National Financial presently has an average rating of “Hold” and an average 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.