Fidelity National Financial (NYSE:FNF) Issues Quarterly Earnings Results

Fidelity National Financial (NYSE:FNF) released its earnings results on Thursday. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 Trading Down 1.3 %

Fidelity National Financial stock traded down $0.77 during mid-day trading on Thursday, hitting $57.64. 1,087,655 shares of the company’s stock were exchanged, compared to its average volume of 899,988. The company’s 50 day simple moving average is $57.31 and its 200-day simple moving average is $58.97. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $15.77 billion, a P/E ratio of 20.96 and a beta of 1.39. Fidelity National Financial has a fifty-two week low of $46.85 and a fifty-two week high of $64.83.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Truist Financial increased their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and raised their price target for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods cut their target price on 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. Three 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.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.40.

Insider Buying and Selling at Fidelity National Financial

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