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

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

Fidelity National Financial Price Performance

Shares of FNF stock traded up $0.48 on Thursday, reaching $52.61. The company had a trading volume of 1,495,332 shares, compared to its average volume of 1,524,192. The business’s 50-day moving average is $50.71 and its 200 day moving average is $48.53. The stock has a market capitalization of $14.38 billion, a PE ratio of 27.54 and a beta of 1.33. Fidelity National Financial has a one year low of $33.61 and a one year 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 company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.65%. Fidelity National Financial’s payout ratio is presently 100.52%.

Insider Activity

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

Analyst Ratings Changes

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

About Fidelity National Financial

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.