Fidelity National Financial (NYSE:FNF – Get Free Report) issued its earnings results on Wednesday. The financial services provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter last year, the firm earned $1.23 EPS. The business’s revenue for the quarter was up 29.7% compared to the same quarter last year.
Fidelity National Financial Stock Performance
Shares of NYSE:FNF traded down $1.77 during midday trading on Thursday, hitting $59.12. The company’s stock had a trading volume of 2,397,757 shares, compared to its average volume of 1,214,734. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23. The stock’s 50 day simple moving average is $60.27 and its 200 day simple moving average is $54.92. The stock has a market capitalization of $16.17 billion, a price-to-earnings ratio of 17.64 and a beta of 1.37. Fidelity National Financial has a fifty-two week low of $42.21 and a fifty-two week high of $62.97.
Fidelity National Financial Increases Dividend
The company also recently declared 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 dividend on an annualized basis and a yield of 3.38%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio is 57.31%.
Insider Buying and Selling
Analysts Set New Price Targets
Several brokerages recently commented on FNF. Deutsche Bank Aktiengesellschaft boosted their price target on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Barclays increased their price target on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Stephens reaffirmed an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. Truist Financial increased their target price on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods raised their target price on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a report on Wednesday, September 4th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $62.40.
Get Our Latest Research Report on Fidelity National Financial
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.
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