Fidelity National Financial (NYSE:FNF) posted its earnings results on Thursday. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.02, Bloomberg Earnings reports. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.19 billion. Fidelity National Financial had a net margin of 9.82% and a return on equity of 17.51%. During the same period in the previous year, the business posted $0.63 EPS.
Shares of FNF stock traded down $0.12 during trading hours on Friday, hitting $45.08. The company had a trading volume of 4,783,754 shares, compared to its average volume of 1,905,066. The company’s fifty day moving average is $46.77 and its 200 day moving average is $45.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.99 and a quick ratio of 0.99. Fidelity National Financial has a fifty-two week low of $33.94 and a fifty-two week high of $49.28. The stock has a market capitalization of $12.19 billion, a PE ratio of 16.33 and a beta of 0.82.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.93%. Fidelity National Financial’s dividend payout ratio is currently 48.89%.
Separately, Zacks Investment Research lowered shares of Fidelity National Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. Fidelity National Financial currently has an average rating of “Buy” and an average price target of $46.54.
About Fidelity National Financial
Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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