Fidelity National Financial Inc (NYSE:FNF) – Equities research analysts at Piper Jaffray Companies raised their Q2 2020 earnings estimates for shares of Fidelity National Financial in a report issued on Monday, April 15th. Piper Jaffray Companies analyst J. Deleeuw now anticipates that the financial services provider will post earnings per share of $1.06 for the quarter, up from their prior estimate of $0.96. Piper Jaffray Companies currently has a “Overweight” rating and a $49.00 price target on the stock. Piper Jaffray Companies also issued estimates for Fidelity National Financial’s Q3 2020 earnings at $1.03 EPS, Q4 2020 earnings at $0.90 EPS and FY2020 earnings at $3.50 EPS.
Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, February 13th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.05). The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Fidelity National Financial had a net margin of 8.27% and a return on equity of 16.28%. The firm’s quarterly revenue was down 14.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS.
Shares of NYSE:FNF opened at $39.13 on Wednesday. The company has a market cap of $10.70 billion, a P/E ratio of 14.49 and a beta of 0.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 0.84. Fidelity National Financial has a 12-month low of $29.50 and a 12-month high of $41.41.
Institutional investors have recently modified their holdings of the stock. Quantamental Technologies LLC bought a new stake in Fidelity National Financial during the fourth quarter worth $220,000. MUFG Securities EMEA plc bought a new stake in shares of Fidelity National Financial in the fourth quarter valued at $1,082,000. Rehmann Capital Advisory Group raised its stake in shares of Fidelity National Financial by 3,828.8% in the third quarter. Rehmann Capital Advisory Group now owns 25,262 shares of the financial services provider’s stock valued at $642,000 after buying an additional 24,619 shares during the period. Vanguard Group Inc. raised its stake in shares of Fidelity National Financial by 1.4% in the third quarter. Vanguard Group Inc. now owns 25,173,378 shares of the financial services provider’s stock valued at $990,572,000 after buying an additional 338,979 shares during the period. Finally, FMR LLC raised its stake in shares of Fidelity National Financial by 14.9% in the fourth quarter. FMR LLC now owns 12,842,297 shares of the financial services provider’s stock valued at $403,763,000 after buying an additional 1,665,150 shares during the period. Institutional investors and hedge funds own 83.43% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.31 per share. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend was Thursday, March 14th. Fidelity National Financial’s dividend payout ratio (DPR) is 45.93%.
Fidelity National Financial Company Profile
Fidelity National Financial, Inc, together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries 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 collection and trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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