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

Fidelity National Financial (NYSE:FNF - Get Free Report) posted its quarterly earnings data 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. Fidelity National Financial had a return on equity of 13.91% and a net margin of 4.40%. The company had revenue of $3.30 billion for the quarter, compared to analysts' expectations of $2.72 billion. During the same period in the prior year, the company posted $0.52 EPS. The firm's revenue was up 33.3% compared to the same quarter last year.

Fidelity National Financial Stock Up 0.9 %

Shares of FNF stock traded up $0.47 on Thursday, hitting $52.60. The stock had a trading volume of 1,495,332 shares, compared to its average volume of 1,524,192. The firm has a market capitalization of $14.37 billion, a price-to-earnings ratio of 27.54 and a beta of 1.33. The stock's 50 day moving average is $50.75 and its 200-day moving average is $48.56. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.21 and a current ratio of 0.21. Fidelity National Financial has a 52-week low of $33.61 and a 52-week high of $53.96.

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 annualized dividend and a dividend yield of 3.65%. Fidelity National Financial's payout ratio is currently 100.52%.

Insider Activity

In other news, Director Halim Dhanidina sold 3,000 shares of the company's stock in a transaction 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 completion of the transaction, the director now directly owns 14,906 shares in the company, valued at $754,839.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Fidelity National Financial news, Director Cary H. Thompson sold 23,410 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the sale, the director now directly owns 40,317 shares of the company's stock, valued at $2,060,601.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Halim Dhanidina sold 3,000 shares of the 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 sale, the director now directly owns 14,906 shares in the company, valued at $754,839.84. The disclosure for this sale can be found here. Insiders own 5.40% of the company's stock.

Analyst Ratings Changes

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

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.