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

Fidelity National Financial (NYSE:FNF) released its quarterly earnings data on Thursday. The financial services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11, Zacks reports. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock traded down $0.77 on Thursday, hitting $57.64. 1,087,640 shares of the company traded hands, compared to its average volume of 899,988. The firm’s 50-day simple moving average is $57.31 and its 200 day simple moving average is $58.97. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The company has a market cap of $15.77 billion, a P/E ratio of 20.96 and a beta of 1.39. Fidelity National Financial has a 12-month low of $46.85 and a 12-month high of $64.83.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and raised their price objective for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Keefe, Bruyette & Woods lowered their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 8th. Finally, Truist Financial increased their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Financial presently has a consensus rating of “Moderate Buy” and an average price target of $66.40.

Insider Activity

In related news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction on Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the transaction, the director now owns 16,716 shares in the company, valued at $916,872.60. This trade represents a 14.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the transaction, the director now owns 32,386 shares in the company, valued at approximately $1,824,303.38. The trade was a 6.07 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

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.