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

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

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock traded down $0.73 during trading on Friday, reaching $51.88. The company’s stock had a trading volume of 275,677 shares, compared to its average volume of 1,510,260. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.21 and a current ratio of 0.21. The business’s fifty day moving average price is $50.75 and its 200-day moving average price is $48.56. The firm has a market cap of $14.18 billion, a price-to-earnings ratio of 27.12 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.

Fidelity National Financial Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.92 annualized dividend and a dividend yield of 3.70%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 100.52%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on FNF shares. Stephens increased their price objective on shares of Fidelity National Financial from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday. Barclays lifted their price target 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. Truist Financial boosted their target price 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. 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $56.00.

Insider Buying and Selling at Fidelity National Financial

In related news, Director Cary H. Thompson sold 23,410 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $51.11, for a total value 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 transaction was disclosed in a filing with the SEC, which is available through this link. In other Fidelity National Financial news, Director Halim Dhanidina sold 3,000 shares of the business’s stock in a transaction dated 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 sale, the director now owns 40,317 shares in the company, valued at approximately $2,060,601.87. The disclosure for this sale can be found here. Company insiders own 5.40% of the company’s stock.

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.