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| Press Release

Free Post Earnings Research Report: FNF Group’s Q4 Revenue Growth Outperformed Forecasts

LONDON, UK / ACCESSWIRE / February 09, 2018 / Active-Investors.com has just released a free earnings report on Fidelity National Financial, Inc. (NYSE: FNF) ("FNF Group"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=FNF. The Company reported its fourth quarter fiscal 2017 (Q4 FY17) and full fiscal year 2017 (FY17) operating and financial results on January 30, 2018. The Jacksonville, Florida-based Company's total revenues grew on a y-o-y basis, beating market consensus estimates. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Fidelity National Financial most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=FNF

Earnings Highlights and Summary

In Q4 FY17, FNF Group's total revenues increased to $1.98 billion from $1.92 billion in Q4 FY16. The Company's total revenue numbers outshone market forecasts of $1.93 billion. During Q4 FY17, the Company's total title and escrow revenues were $1.94 billion compared to $1.89 billion in Q4 FY16.

For the reported quarter, the Company's net earnings attributable to common shareholders came in at $246 million, or $0.88 per diluted share, compared to $223 million, or $0.83 per diluted share, in the prior year's same quarter. Meanwhile, the Company's adjusted earnings from continuing operations attributable to common shareholders was $170 million, or $0.60 per diluted share, for Q4 FY17 compared to $182 million, or $0.65 per diluted share, in Q4 FY16. Wall Street had also expected the Company to post adjusted diluted earnings per share of $0.60 per share in the reported quarter.

FNF Group posted total revenues of $7.66 billion in the full year FY17, rising from $7.14 billion in the last year. The Company's net earnings from continuing operations attributable to common shareholders increased to $639 million, or $2.30 per diluted share, in FY17 from $627 million, or $2.24 per diluted share, in FY16. Furthermore, the Company's adjusted net earnings from continuing operations attributable to common shareholders stood at $632 million, or $2.27 per diluted share, for FY17 versus $629 million, or $2.25 per diluted share, in FY16.

Operational Metrics

For Q4 FY17, the title insurance, mortgage, and other services provider's total expenses were $1.76 billion versus $1.58 billion in the previous year's comparable quarter. The Company reported pre-tax earnings from continuing operations of $220 million in Q4 FY17 compared to $341 million in Q4 FY16. However, the Company's adjusted pre-tax earnings from continuing operations fell to $250 million, or 12.7% of total revenues, in Q4 FY17 from $280 million, or 14.6% of total revenues, in Q4 FY16.

In the quarter ended December 31, 2017, FNF Group's Title segment's revenues came in flat at $1.81 billion. The segment reported adjusted pre-tax earnings from continuing operations of $273 million in Q4 FY17 compared to $292 million in Q4 FY16. The segment reported adjusted pre-tax title margin from continuing operations of 14.7% in Q4 FY17 versus 15.8% in the previous year's corresponding period. In Q4 FY17, purchase orders opened and closed increased by 5% and 1% y-o-y, respectively. Furthermore, average fee per file rose 16% to $2,425 y-o-y in Q4 FY17.

Cash Matters and Balance Sheet

FNF Group's cash flow provided by operations was $183 million in the reported period compared to $372 million in Q4 FY16. The Company ended the quarter with a cash and investment portfolio of $4.48 billion versus $4.83 billion as on December 31, 2016.

Dividend

In a separate press release on January 30, 2018, FNF Group's Board of Directors declared an 11% hike in quarterly cash dividend per share from $0.27 to $0.30. The dividend will be payable on March 30, 2018, to stockholders of record as of March 16, 2018.

Stock Performance Snapshot

February 08, 2018 - At Thursday's closing bell, Fidelity National Financial's stock fell 1.21%, ending the trading session at $36.70.

Volume traded for the day: 2.98 million shares, which was above the 3-month average volume of 1.54 million shares.

Stock performance in the previous six-month period – up 5.48%; and past twelve-month period – up 36.89%

After yesterday's close, Fidelity National Financial's market cap was at $9.99 billion.

Price to Earnings (P/E) ratio was at 14.13.

The stock has a dividend yield of 2.94%.

The stock is part of the Financial sector, categorized under the Surety & Title Insurance industry.

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SOURCE: Active-Investors