Fidelity National Financial (NYSE:FNF) Releases Earnings Results, Misses Estimates By $0.11 EPS

Fidelity National Financial (NYSE:FNF) posted its quarterly earnings results on Wednesday. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.11), Briefing.com reports. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The company’s quarterly revenue was up 29.7% on a year-over-year basis. During the same period last year, the firm posted $1.23 earnings per share.

Fidelity National Financial Price Performance

Fidelity National Financial stock traded down $1.77 during midday trading on Thursday, hitting $59.12. The company’s stock had a trading volume of 2,397,757 shares, compared to its average volume of 1,214,734. Fidelity National Financial has a 12 month low of $42.21 and a 12 month high of $62.97. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $16.17 billion, a PE ratio of 17.64 and a beta of 1.37. The stock’s 50-day moving average price is $60.27 and its 200-day moving average price is $54.92.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.50 per share. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 3.38%. Fidelity National Financial’s payout ratio is presently 57.31%.

Insider Activity

In other news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of the sale, the director now owns 13,206 shares in the company, valued at approximately $803,585.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FNF shares. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft raised their target price on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Stephens reiterated an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a research report on Thursday, August 15th. Truist Financial raised their price target on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Barclays upped their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $62.40.

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.