Fidelity National Financial (NYSE:FNF – Get Rating) is set to post its quarterly earnings results after the market closes on Tuesday, May 10th. Analysts expect Fidelity National Financial to post earnings of $1.30 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Fidelity National Financial (NYSE:FNF – Get Rating) last issued its quarterly earnings results on Wednesday, February 23rd. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.56. The firm had revenue of $4.80 billion for the quarter, compared to analyst estimates of $3.21 billion. Fidelity National Financial had a return on equity of 25.23% and a net margin of 15.48%. The firm’s quarterly revenue was up 27.2% on a year-over-year basis. During the same period last year, the company earned $2.01 EPS. On average, analysts expect Fidelity National Financial to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
NYSE FNF opened at $39.88 on Tuesday. The firm has a market capitalization of $11.31 billion, a P/E ratio of 4.73 and a beta of 1.42. Fidelity National Financial has a 1-year low of $39.24 and a 1-year high of $56.44. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.20 and a quick ratio of 0.20. The business’s 50-day simple moving average is $45.69 and its 200-day simple moving average is $48.89.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, March 17th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.41%. The ex-dividend date was Wednesday, March 16th. Fidelity National Financial’s dividend payout ratio is currently 20.85%.
In related news, COO Roger S. Jewkes sold 7,438 shares of the business’s stock in a transaction that occurred on Thursday, March 31st. The stock was sold at an average price of $50.01, for a total transaction of $371,974.38. Following the transaction, the chief operating officer now directly owns 104,246 shares of the company’s stock, valued at approximately $5,213,342.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.20% of the company’s stock.
A number of hedge funds have recently bought and sold shares of FNF. EverSource Wealth Advisors LLC purchased a new stake in Fidelity National Financial during the 4th quarter worth approximately $41,000. Metropolitan Life Insurance Co NY purchased a new stake in Fidelity National Financial during the 4th quarter worth approximately $284,000. Forum Financial Management LP purchased a new stake in Fidelity National Financial during the 4th quarter worth approximately $348,000. NewEdge Advisors LLC increased its holdings in Fidelity National Financial by 33.2% during the 4th quarter. NewEdge Advisors LLC now owns 7,668 shares of the financial services provider’s stock worth $400,000 after purchasing an additional 1,913 shares during the last quarter. Finally, Penserra Capital Management LLC increased its holdings in shares of Fidelity National Financial by 5.5% in the 4th quarter. Penserra Capital Management LLC now owns 10,825 shares of the financial services provider’s stock valued at $548,000 after acquiring an additional 564 shares during the last quarter. Institutional investors own 82.06% of the company’s stock.
FNF has been the topic of several research analyst reports. Zacks Investment Research raised Fidelity National Financial from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Monday, February 28th. BTIG Research initiated coverage on Fidelity National Financial in a research note on Wednesday, February 2nd. They issued a “neutral” rating on the stock. Credit Suisse Group reduced their price objective on Fidelity National Financial from $75.00 to $59.00 and set an “outperform” rating on the stock in a research note on Friday, April 1st. StockNews.com initiated coverage on Fidelity National Financial in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Barclays reduced their price target on Fidelity National Financial from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 12th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $61.67.
About Fidelity National Financial (Get Rating)
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 insurance.
Want More Great Investing Ideas?
Receive News & Ratings for Fidelity National Financial Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Fidelity National Financial and related companies with MarketBeat.com’s FREE daily email newsletter.