Fidelity National Financial (NYSE:FNF) Announces Quarterly Earnings Results

by · The Cerbat Gem

Fidelity National Financial (NYSE:FNF – Get Free Report) released its quarterly earnings data on Thursday. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.20, Zacks reports. The firm had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.Fidelity National Financial’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.30 earnings per share.

Fidelity National Financial Price Performance

Shares of FNF stock traded up $2.47 during trading hours on Friday, hitting $57.03. The company’s stock had a trading volume of 2,573,992 shares, compared to its average volume of 1,470,761. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. The business has a fifty day moving average of $57.85 and a 200-day moving average of $57.55. Fidelity National Financial has a twelve month low of $50.61 and a twelve month high of $66.72. The stock has a market cap of $15.50 billion, a price-to-earnings ratio of 14.47 and a beta of 1.05.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be given a $0.52 dividend. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Wednesday, December 17th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 50.76%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on FNF shares. National Bankshares set a $64.00 price target on shares of Fidelity National Financial in a research note on Monday, October 6th. Barclays restated a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Fidelity National Financial in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Financial presently has an average rating of “Moderate Buy” and an average price target of $69.83.

Check Out Our Latest Research Report on Fidelity National Financial

Institutional Trading of Fidelity National Financial

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new stake in shares of Fidelity National Financial during the second quarter valued at $32,000. Geneos Wealth Management Inc. raised its holdings in Fidelity National Financial by 7.9% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,781 shares of the financial services provider’s stock valued at $212,000 after acquiring an additional 277 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in shares of Fidelity National Financial during the 2nd quarter worth $248,000. Boothbay Fund Management LLC boosted its holdings in shares of Fidelity National Financial by 49.9% during the second quarter. Boothbay Fund Management LLC now owns 4,900 shares of the financial services provider’s stock worth $275,000 after purchasing an additional 1,631 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Fidelity National Financial by 332.8% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,536 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 4,257 shares during the period. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Financial Company Profile

(Get Free Report)

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.

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