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

Fidelity National Financial (NYSE:FNF) posted its 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 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 company’s revenue was up 33.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS.

Fidelity National Financial Trading Up 0.9 %

NYSE FNF traded up $0.48 during trading on Thursday, hitting $52.61. The company had a trading volume of 1,495,332 shares, compared to its average volume of 1,524,192. The company’s fifty day moving average is $50.71 and its 200-day moving average is $48.53. Fidelity National Financial has a one year low of $33.61 and a one year 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 company has a market cap of $14.38 billion, a price-to-earnings ratio of 27.54 and a beta of 1.33.

Fidelity National Financial Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.65%. Fidelity National Financial’s dividend payout ratio is currently 100.52%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 3,000 shares of the firm’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 completion of the transaction, the director now owns 14,906 shares of the company’s stock, valued at $754,839.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Halim Dhanidina sold 3,000 shares of the company’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 value of $151,920.00. Following the transaction, the director now owns 14,906 shares in the company, valued at $754,839.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Cary H. Thompson sold 23,410 shares of Fidelity National Financial stock in a transaction dated 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 completion of the sale, the director now owns 40,317 shares of the company’s stock, valued at $2,060,601.87. The disclosure for this sale can be found here. 5.40% of the stock is currently owned by company insiders.

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.