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

Fidelity National Financial (NYSE:FNF) posted its quarterly earnings results on Wednesday. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11), Briefing.com reports. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 14.23%. The firm’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.23 earnings per share.

Fidelity National Financial Trading Up 1.9 %

Shares of FNF traded up $1.11 on Friday, hitting $60.23. 1,344,694 shares of the stock traded hands, compared to its average volume of 997,720. The firm has a market capitalization of $16.47 billion, a P/E ratio of 21.91 and a beta of 1.37. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52. Fidelity National Financial has a 1 year low of $43.11 and a 1 year high of $62.97. The stock’s 50 day moving average is $60.30 and its two-hundred day moving average is $55.03.

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 17th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.32%. Fidelity National Financial’s payout ratio is 69.82%.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the firm’s 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 sale, the director now owns 13,206 shares in the company, valued at $803,585.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on FNF. Stephens restated an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Truist Financial upped their price target on Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Barclays lifted their price objective on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods raised their price target on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research report on Wednesday, September 4th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $62.40.

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.