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

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

Fidelity National Financial Trading Down 2.9 %

NYSE FNF traded down $1.79 on Thursday, hitting $59.10. 1,914,581 shares of the company were exchanged, compared to its average volume of 1,212,497. The company’s 50 day moving average price is $60.27 and its 200-day moving average price is $54.92. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market capitalization of $16.16 billion, a P/E ratio of 18.17 and a beta of 1.37. Fidelity National Financial has a twelve month low of $42.21 and a twelve month high of $62.97.

Fidelity National Financial Increases Dividend

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

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the transaction, the director now owns 13,206 shares of the company’s stock, valued at $803,585.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

FNF has been the subject of several analyst reports. Stephens reissued an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. 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. Truist Financial upped their price objective on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods upped their price objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th. Finally, StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Fidelity National Financial has a consensus 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.