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Fidelity National Financial Inc Stock Research

FNF

34.73USD+0.27(+0.78%)Market Closed

Market Summary

USD34.73+0.27
Market Closed
0.78%

FNF Alerts

FNF Stock Price

FNF RSI Chart

FNF Valuation

Market Cap

9.5B

Price/Earnings (Trailing)

13.9

Price/Sales (Trailing)

0.87

EV/EBITDA

6.96

Price/Free Cashflow

1.85

FNF Price/Sales (Trailing)

FNF Profitability

EBT Margin

13.28%

Return on Equity

20.22%

Return on Assets

1.73%

Free Cashflow Yield

54.01%

FNF Fundamentals

FNF Revenue

Revenue (TTM)

10.9B

Revenue Y/Y

-21.83%

Revenue Q/Q

-3.09%

FNF Earnings

Earnings (TTM)

680.0M

Earnings Y/Y

-114.86%

Earnings Q/Q

-186.76%

Price Action

52 Week Range

32.0245.51
(Low)(High)

Last 7 days

-0.1%

Last 30 days

1.7%

Last 90 days

-12.0%

Trailing 12 Months

-15.5%

FNF Financial Health

Debt/Equity

0.58

Debt/Cashflow

1.34

FNF Investor Care

Dividend Yield

4.72%

Dividend/Share (TTM)

1.69

Buy Backs (1Y)

6.76%

Diluted EPS (TTM)

2.52

Peers (Alternatives to Fidelity National Financial)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
80.9B
52.1B
-4.00% 10.00%
112.13
1.63
6.08% -60.84%
39.8B
37.8B
-2.45% 0.63%
14.22
1.05
6.99% -29.09%
39.6B
51.6B
6.42% -4.08%
3.86
0.7
-3.37% -38.13%
28.8B
52.9B
-3.97% -15.88%
-12.04
0.54
4.73% -167.90%
24.5B
12.4B
-5.12% 26.78%
41.05
1.97
3.58% -56.71%
11.4B
-
0.57% 29.95%
32.11
0.97
- -
9.7B
7.2B
-4.93% -11.85%
11.83
1.35
8.46% -56.06%
MID-CAP
9.5B
10.9B
1.73% -15.54%
13.9
0.87
-30.83% -69.29%
7.3B
8.1B
0.61% 5.85%
10.62
0.9
-13.47% -55.25%
5.7B
7.0B
-0.09% -7.91%
26.93
0.81
-23.96% -80.86%
SMALL-CAP
1.2B
2.7B
11.44% -19.65%
12.72
0.45
-21.02% -70.56%
1.2B
338.2M
-4.28% -23.19%
21.71
3.53
22.24% 25.58%
1.0B
1.7B
-0.37% -29.79%
-5.91
0.59
-19.98% -763.07%
261.5M
265.7M
-6.26% -14.46%
13.84
0.98
-18.59% -68.17%

Financials for Fidelity National Financial

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue-6.0%10,86511,55613,80014,48515,708
EBITDA-25.6%2,1462,8853,5223,638-
EBITDA Margin-11.2%0.19*0.21*4.39*0.23*-
Earnings Before Taxes-40.8%9091,5352,1862,7032,878
EBT Margin-16.1%0.13*0.16*3.37*0.18*-
Interest Expenses10.4%127115120119116
Net Income-40.1%6801,1361,6012,0442,214
Net Income Margin-15.3%0.10*0.12*2.55*0.14*-
Free Cahsflow-2.5%4,3554,4674,0694,092-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets6.2%69,65465,58962,16461,23060,857
    Cash Equivalents23.4%2,8212,2862,4742,4262,793
  Net PPE-1.1%177179182185187
  Goodwill3.2%4,7914,6424,6094,5384,539
Liabilities5.7%63,00659,61056,36554,48452,739
  Long Term Debt14.1%3,6963,2382,6933,0943,095
Shareholder's Equity18.3%6,6485,6195,7126,7468,118
  Retained Earnings7.0%5,0444,7145,0694,9014,642
  Additional Paid-In Capital-0.1%5,8715,8765,8855,8435,826
Shares Outstanding0.0%272272283288292
Minority Interest26.7%45636087.0043.0041.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations17.2%5,1064,3554,4674,0694,092
  Share Based Compensation0%49.0049.0046.0045.00-
Cashflow From Investing10.7%-9,395-10,524-10,476-10,222-9,803
Cashflow From Financing5.4%4,3174,0953,3355,1085,478
  Dividend Payments-0.4%487489491485466
  Buy Backs-22.2%430553606467480

Risks for FNF

What is the probability of a big loss on FNF?

62.7%


Probability that Fidelity National Financial stock will be more than 20% underwater in next one year

31.5%


Probability that Fidelity National Financial stock will be more than 30% underwater in next one year.

19.2%


Probability that Fidelity National Financial stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does FNF drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Fidelity National Financial was unfortunately bought at previous high price.

Drawdowns

Returns for FNF

Cumulative Returns on FNF

9.2%


10-Year Cumulative Returns

7.8%


7-Year Cumulative Returns

1.1%


5-Year Cumulative Returns

8.3%


3-Year Cumulative Returns

What are the long-term rolling returns for FNF?

FIve years rolling returns for Fidelity National Financial.

Annualized Returns

Which funds bought or sold FNF recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-05-23
Front Row Advisors LLC
unchanged
-
-
1,000
-%
2023-05-23
Brookfield Corp /ON/
reduced
-95.82
-7,361,820
297,569
-%
2023-05-22
Raleigh Capital Management Inc.
added
3.73
-6,587
172,737
0.09%
2023-05-22
AMERIPRISE FINANCIAL INC
reduced
-5.63
-936,466
6,629,530
-%
2023-05-22
Arete Wealth Advisors, LLC
new
-
211,000
211,000
0.02%
2023-05-19
Coppell Advisory Solutions LLC
sold off
-100
-226
-
-%
2023-05-18
JPMORGAN CHASE & CO
added
41.59
4,353,560
18,190,600
-%
2023-05-18
NEW YORK STATE COMMON RETIREMENT FUND
reduced
-8.89
-1,768,000
9,713,000
0.01%
2023-05-17
Certified Advisory Corp
new
-
699
699
-%
2023-05-17
VIRGINIA RETIREMENT SYSTEMS ET AL
reduced
-4.07
1,213,280
35,596,000
0.37%

1–10 of 44

Latest Funds Activity

Are funds buying FNF calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own FNF
No. of Funds

Fidelity National Financial News

MarketBeat
HRT Financial LP Makes New Investment in Fidelity National ....
MarketBeat,
41 minutes ago
Stock Traders Daily
Investing.com India
PR Newswire

Schedule 13G FIlings of Fidelity National Financial

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
10.59%
28,815,996
SC 13G/A
Jan 26, 2023
blackrock inc.
13.1%
35,515,436
SC 13G/A
Jan 20, 2023
blackrock inc.
13.1%
35,515,436
SC 13G
Mar 09, 2022
vanguard group inc
10.11%
28,660,531
SC 13G/A
Feb 15, 2022
principal global investors
2.29%
6,527,789
SC 13G/A
Jan 28, 2022
blackrock inc.
11.8%
33,708,680
SC 13G/A
Aug 09, 2021
blackrock inc.
10.8%
31,190,891
SC 13G/A
May 07, 2021
fidelity national financial, inc.
14.9%
4,205,306
SC 13G
Feb 16, 2021
principal global investors
5.55%
16,307,141
SC 13G/A
Feb 16, 2021
price t rowe associates inc /md/
0.0%
257,584
SC 13G/A

FNF Fair Value

Recent SEC filings of Fidelity National Financial

View All Filings
Date Filed Form Type Document
May 10, 2023
13F-HR
Fund Holdings Report
May 09, 2023
10-Q
Quarterly Report
May 05, 2023
S-3ASR
S-3ASR
May 05, 2023
S-3ASR
S-3ASR
May 03, 2023
8-K
Current Report
Apr 28, 2023
4/A
Insider Trading
Apr 27, 2023
DEFA14A
DEFA14A
Apr 27, 2023
DEF 14A
DEF 14A
Apr 27, 2023
ARS
ARS
Apr 04, 2023
4
Insider Trading

Latest Insider Trading transactions for FNF

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-12-05
LANE DANIEL D
sold
-207,053
37.435
-5,531
-
2022-11-10
Gravelle Michael L
acquired
-
-
35,391
executive vice president
2022-11-10
PARK ANTHONY
acquired
-
-
36,983
evp & chief financial officer
2022-11-10
Shea Peter O Jr
acquired
-
-
6,491
-
2022-11-10
FOLEY WILLIAM P II
acquired
-
-
12,246
-
2022-11-10
SADOWSKI PETER T
acquired
-
-
35,391
evp, chief legal officer
2022-11-10
Murren Heather Hay
acquired
-
-
6,491
-
2022-11-10
Ammerman Douglas K
acquired
-
-
6,491
-
2022-11-10
QUIRK RAYMOND R
acquired
-
-
118,786
executive vice-chairman
2022-11-10
Nolan Michael Joseph
acquired
-
-
105,315
chief executive officer

1–10 of 50

Michael J. Nolan
28300
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 insurance. The company also provides technology and transaction services to the real estate and mortgage industries; and mortgage transaction services, including title-related services and facilitation of production and management of mortgage loans. In addition, it offers annuity and life insurance products, such as deferred annuities that include fixed indexed, fixed rate, and immediate annuities, as well as indexed universal life insurance products. Further, the company engages in the real estate brokerage business. Fidelity National Financial, Inc. was founded in 1847 and is headquartered in Jacksonville, Florida.

FNF Income Statement

2023-03-31
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:  
Direct title insurance premiums$ 428$ 767
Agency title insurance premiums5501,099
Escrow, title-related and other fees8801,292
Interest and investment income611478
Recognized gains and losses, net5(469)
Total revenues2,4743,167
Expenses:  
Personnel costs677823
Agent commissions420844
Other operating expenses360442
Benefits and other changes in policy reserves812203
Market risk benefit losses5970
Depreciation and amortization134115
Provision for title claim losses4484
Interest expense4230
Total expenses2,5482,611
(Loss) earnings from continuing operations before income taxes and equity in earnings of unconsolidated affiliates(74)556
Income tax expense14156
(Loss) earnings before equity in earnings of unconsolidated affiliates(88)400
Equity in (loss) earnings of unconsolidated affiliates02
Net (loss) earnings(88)402
Less: Net (loss) earnings attributable to non-controlling interests(29)2
Net (loss) earnings attributable to Fidelity National Financial, Inc. common shareholders$ (59)$ 400
Basic  
Net earnings per share from continuing operations attributable to common shareholders (in usd per share)$ (0.22)$ 1.42
Net earnings per share attributable to common shareholders, basic (in usd per share)(0.22)1.42
Diluted  
Net earnings per share from continuing operations attributable to common shareholders (in usd per share)(0.22)1.41
Net earnings per share attributable to common shareholders, diluted (in usd per share)$ (0.22)$ 1.41
Weighted average common shares outstanding - basic (in shares)270281
Weighted average common shares outstanding - diluted (in shares)271283

FNF Balance Sheet

2023-03-31
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Investments:  
Fixed maturity securities available for sale, at fair value, at March 31, 2023 and December 31, 2022, at an amortized cost of $40,219 and $37,708, respectively, net of allowance for credit losses of $20 and $39, respectively, and includes pledged fixed maturity securities of $471 and $448, respectively, related to secured trust deposits$ 36,110$ 33,095
Derivative investments432244
Mortgage loans, net of allowance for credit losses of $60 and $42 at March 31, 2023 and December 31, 2022, respectively4,9844,554
Investments in unconsolidated affiliates2,8892,642
Other long-term investments691664
Short-term investments, at March 31, 2023 and December 31, 2022 includes pledged short-term investments of $1 and $6, respectively, related to secured trust deposits1,3462,590
Total investments48,03745,370
Cash and cash equivalents, at March 31, 2023 and December 31, 2022 includes $343 and $242, respectively, of pledged cash related to secured trust deposits2,8212,286
Trade and notes receivables, net of allowance for credit losses of $33 and $33 at March 31, 2023 and December 31, 2022, respectively428467
Reinsurance recoverable, net of allowance for credit losses of $20 at March 31, 2022 and December 31, 20216,3625,418
Goodwill4,7914,635
Prepaid expenses and other assets1,9912,068
Market risk benefits asset106117
Lease assets367376
Other intangible assets, net4,1583,811
Title plants416416
Property and equipment, net177179
Total assets69,65465,143
Liabilities:  
Contractholder funds43,37940,843
Future policy benefits5,3715,021
Accounts payable and accrued liabilities2,3432,326
Market risk benefits liability324282
Outstanding debt3,6963,238
Reserve for title claim losses1,7911,810
Funds withheld for reinsurance liabilities4,8303,703
Secured trust deposits801862
Lease liabilities410418
Deferred tax liability6171
Total liabilities63,00658,574
Equity:  
FNF common stock, $0.0001 par value; authorized 600,000,000 shares as of March 31, 2023 and December 31, 2022; outstanding of 272,194,249 and 272,309,890 as of March 31, 2023 and December 31, 2022, respectively, and issued of 327,747,431 and 327,757,349 as of March 31, 2023 and December 31, 2022, respectively00
Preferred stock, $0.0001 par value; authorized 50,000,000 shares; issued and outstanding, none00
Additional paid-in capital5,8715,870
Retained earnings5,0445,225
Accumulated other comprehensive loss(2,610)(2,870)
Less: Treasury stock, 55,553,182 shares and 55,447,459 shares as of March 31, 2023 and December 31, 2022, respectively, at cost(2,113)(2,109)
Total Fidelity National Financial, Inc. shareholders’ equity6,1926,116
Non-controlling interests456453
Total equity6,6486,569
Total liabilities and equity69,65465,143
Preferred securities  
Investments:  
Securities, at fair value851903
Equity securities  
Investments:  
Securities, at fair value$ 734$ 678