Chart of the Day: Fidelity National Financial (FNF)

Fidelity National Financial Inc. (FNF) is engaged in providing title insurance and transaction services to real estate and mortgage industries. Its services include title insurance, escrow, and other title-related services, including trust activities, trustee sales guarantees, recordings, and…

reconveyances and home warranty products, and technology and transaction services to the real estate and mortgage industries.

The company has two business groups, FNF Core Operations, and FNF Ventures. The Core operations group provides escrow, insurance, and other titles related to service. FNF Ventures investors in other companies. Title insurance premiums make up almost half of FNF’s total revenue. The company is one of the largest title insurance providers in the nation.

FNF has strong financials. In Q4 2019, the company reported $2.4 billion in revenue, which was up from $1.7 billion in the previous year. The company beat earnings estimates with adjusted earnings per share of $0.95. This was up from $0.63 in the fourth quarter of 2018.

FNF recently diversified into the retirement business. It acquired FGL Holdings on February 7th. This should help the company in periods of economic distress that are challenging to title insurance.

Take a look at the 1-year chart of Fidelity National Financial Inc. below with the added notations…

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