Fidelity National Financial Inc (NYSE:FNF) – Research analysts at Piper Jaffray Companies upped their Q1 2020 earnings per share (EPS) estimates for Fidelity National Financial in a research note issued to investors on Monday, September 9th. Piper Jaffray Companies analyst J. Deleeuw now expects that the financial services provider will earn $0.50 per share for the quarter, up from their prior forecast of $0.46. Piper Jaffray Companies also issued estimates for Fidelity National Financial’s Q2 2020 earnings at $1.06 EPS, Q3 2020 earnings at $0.97 EPS, Q4 2020 earnings at $0.88 EPS and FY2020 earnings at $3.40 EPS.
Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.08. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.08 billion. Fidelity National Financial had a net margin of 9.84% and a return on equity of 16.10%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.86 EPS.
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Monday. Susquehanna Bancshares began coverage on shares of Fidelity National Financial in a research note on Wednesday, June 19th. They set a “positive” rating and a $48.00 price objective for the company. Compass Point upgraded Fidelity National Financial from a “neutral” rating to a “buy” rating in a report on Monday, July 8th. Finally, Keefe, Bruyette & Woods upped their price objective on Fidelity National Financial from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $46.54.
Fidelity National Financial stock opened at $44.13 on Wednesday. Fidelity National Financial has a 1 year low of $29.50 and a 1 year high of $45.40. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a 50 day moving average price of $43.79 and a 200 day moving average price of $39.96. The company has a market cap of $12.34 billion, a price-to-earnings ratio of 16.34 and a beta of 0.84.
A number of institutional investors have recently made changes to their positions in FNF. Penserra Capital Management LLC purchased a new position in Fidelity National Financial in the first quarter valued at about $26,000. Rockefeller Capital Management L.P. lifted its stake in shares of Fidelity National Financial by 1,534.8% during the second quarter. Rockefeller Capital Management L.P. now owns 752 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 706 shares in the last quarter. Griffin Asset Management Inc. acquired a new position in shares of Fidelity National Financial during the second quarter worth about $36,000. Icon Wealth Partners LLC purchased a new stake in shares of Fidelity National Financial in the first quarter worth about $42,000. Finally, Cutler Group LP boosted its position in shares of Fidelity National Financial by 1,000.0% in the second quarter. Cutler Group LP now owns 1,100 shares of the financial services provider’s stock worth $44,000 after buying an additional 1,000 shares during the period. 83.12% of the stock is owned by hedge funds and other institutional investors.
In related news, EVP Peter T. Sadowski sold 64,883 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $43.86, for a total transaction of $2,845,768.38. Following the completion of the sale, the executive vice president now owns 127,795 shares of the company’s stock, valued at approximately $5,605,088.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.20% of the stock is currently owned by corporate insiders.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Friday, September 13th. Fidelity National Financial’s payout ratio is currently 45.93%.
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.