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Fidelity National Finl

Fidelity National Financial Inc provides title insurance, escrow, and other title-related services. It operates in three segments: Title, F&G, Corporate and Other. The title segment that derives the majority of revenue consists of the operations of title insurance underwriters and related businesses, which provide title insurance and escrow and other title-related services including trust activities, trustee sales guarantees, and home warranty products. Substantially all of the company's revenue is generated in the United States.

FNF Group of Fidelity National Financial, Inc. Common Stock

Fidelity National Financial Inc

FIRST NILES FINCL INC by First Niles Financial, Inc.

First Niles Financial Inc

FIRST NILES FINCL PFD A by First Niles Financial, Inc.

Fidelity National Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>) is gearing up to announce its quarterly earnings on Wednesday, 2024-11-06. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Fidelity National Finl will report an earnings per share (EPS) of $1.39.
Fidelity National Finl bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
During the last quarter, the company reported an EPS missed by $0.07, leading to a 0.95% drop in the share price on the subsequent day.
Here's a look at Fidelity National Finl's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.31</td>
<td>0.84</td>
<td>1</td>
<td>1.13</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.24</td>
<td>0.76</td>
<td>0.75</td>
<td>1.23</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.0%</td>
<td>1.0%</td>
<td>-5.0%</td>
<td>3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730822535_0.png" alt="eps graph" />
<h3>Fidelity National Finl Share Price Analysis</h3>
Shares of Fidelity National Finl were trading at $58.96 as of November 04. Over the last 52-week period, shares are up 35.97%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/FNF/earnings">To track all earnings releases for Fidelity National Finl visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

A Preview Of Fidelity National Finl's Earnings

Barclays analyst Mark Devries maintains Fidelity National Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>) with a Equal-Weight and raises the price target from $56 to $59.

News

Price Target

Analyst Ratings

Barclays Maintains Equal-Weight on Fidelity National Finl, Raises Price Target to $59

The acquisition of this significant&nbsp;New York City&nbsp;based team continues FNF&#39;s strategy of acquiring the best companies and talent in the industry and bringing them into its portfolio to better service commercial real estate clients. &nbsp;
As part of the acquisition, FNTA&#39;s key commercial leadership team will join FNF, including&nbsp;Steven Napolitano,&nbsp;Devin Dregne, Esq.,&nbsp;Michael Ehrhardt,&nbsp;Michael Elkins, Esq.,&nbsp;Jesse Iadanza, Esq.,&nbsp;Michael Lebovitz,&nbsp;Michael Scott, Esq.,&nbsp;Matthew Emanuelo, and&nbsp;Chris Suozzi. Napolitano, who serves as FNTA&#39;s President and CEO, has over 35 years of industry experience and will continue to lead the company&#39;s day-to-day operations under FNF&#39;s ownership. This continuity will ensure a seamless transition for clients while maintaining FNTA&#39;s signature level of service.&nbsp;

Fidelity National Financial Reports Acquisition Of Commercial Operations Of First Nationwide Title Agency; No Terms Disclosed

Fidelity National Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>) has been analyzed by 8 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $59.62, a high estimate of $64.00, and a low estimate of $53.00. Witnessing a positive shift, the current average has risen by 2.58% from the previous average price target of $58.12.
<img src="https://www.benzinga.com/files/images/story/2024/1725465626_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The perception of Fidelity National Finl by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$63.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>John Campbell</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$63.00</td>
<td>$63.00</td>
</tr>
<tr>
<td>Mark Devries</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$63.00</td>
<td>$61.00</td>
</tr>
<tr>
<td>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$58.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Mark Hughes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$64.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$53.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>John Campbell</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$60.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$53.00</td>
<td>$55.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Fidelity National Finl. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Fidelity National Finl compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Fidelity National Finl's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Fidelity National Finl's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FNF/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Fidelity National Finl analyst ratings.</a>
<h2>Unveiling the Story Behind Fidelity National Finl</h2>
Fidelity National Financial Inc provides title insurance, escrow, and other title-related services. It operates in three segments: Title, F&amp;G, Corporate and Other. The title segment that derives the majority of revenue consists of the operations of title insurance underwriters and related businesses, which provide title insurance and escrow and other title-related services including trust activities, trustee sales guarantees, and home warranty products. Substantially all of the company's revenue is generated in the United States.
<h3>Fidelity National Finl's Economic Impact: An Analysis</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, Fidelity National Finl showcased positive performance, achieving a revenue growth rate of 1.22% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 10.0%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Fidelity National Finl's ROE stands out, surpassing industry averages. With an impressive ROE of 4.25%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.35%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Fidelity National Finl's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.63, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>Analyst Ratings: What Are They?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

In-Depth Examination Of 8 Analyst Recommendations For Fidelity National Finl

Keefe, Bruyette &amp; Woods analyst Bose George maintains Fidelity National Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>) with a Market Perform and raises the price target from $58 to $63.

Keefe, Bruyette & Woods Maintains Market Perform on Fidelity National Finl, Raises Price Target to $63

Stephens &amp; Co. analyst John Campbell reiterates Fidelity National Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>) with a Overweight and maintains $63 price target.

Reiteration

Stephens & Co. Reiterates Overweight on Fidelity National Finl, Maintains $63 Price Target

Deutsche Bank analyst Mark Devries maintains Fidelity National Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>) with a Hold and raises the price target from $61 to $63.

Deutsche Bank Maintains Hold on Fidelity National Finl, Raises Price Target to $63

Keefe, Bruyette &amp; Woods analyst Bose George maintains Fidelity National Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>) with a Market Perform and raises the price target from $53 to $58.

Keefe, Bruyette & Woods Maintains Market Perform on Fidelity National Finl, Raises Price Target to $58

Truist Securities analyst Mark Hughes maintains Fidelity National Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>) with a Buy and raises the price target from $62 to $64.

Truist Securities Maintains Buy on Fidelity National Finl, Raises Price Target to $64

Analysts' ratings for Fidelity National Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>) over the last quarter vary from bullish to bearish, as provided by 5 analysts.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $56.2, a high estimate of $60.00, and a low estimate of $53.00. A 0.71% drop is evident in the current average compared to the previous average price target of $56.60. 
<img src="https://www.benzinga.com/files/images/story/2024/1722974424_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
A comprehensive examination of how financial experts perceive Fidelity National Finl is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$53.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>John Campbell</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$60.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$53.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$55.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>John Campbell</td>
<td>Stephens &amp; Co.</td>
<td>Raises</td>
<td>Overweight</td>
<td>$60.00</td>
<td>$59.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Fidelity National Finl. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Fidelity National Finl compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Fidelity National Finl's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
For valuable insights into Fidelity National Finl's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/FNF/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Fidelity National Finl analyst ratings.</a>
<h2>Discovering Fidelity National Finl: A Closer Look</h2>
Fidelity National Financial Inc provides title insurance, escrow, and other title-related services. It operates in three segments: Title, F&amp;G, Corporate and Other. The title segment that derives the majority of revenue consists of the operations of title insurance underwriters and related businesses, which provide title insurance and escrow and other title-related services including trust activities, trustee sales guarantees, and home warranty products. Substantially all of the company's revenue is generated in the United States.
<h3>Understanding the Numbers: Fidelity National Finl's Finances</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, Fidelity National Finl showcased positive performance, achieving a revenue growth rate of 34.26% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Financials sector.
Net Margin: Fidelity National Finl's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 7.64%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Fidelity National Finl's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 3.53%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Fidelity National Finl's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.3%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Fidelity National Finl's debt-to-equity ratio stands notably higher than the industry average, reaching 0.6. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>How Are Analyst Ratings Determined?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Peeling Back The Layers: Exploring Fidelity National Finl Through Analyst Insights

Keefe, Bruyette &amp; Woods analyst Bose George maintains Fidelity National Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>) with a Market Perform and maintains $53 price target.

Keefe, Bruyette & Woods Maintains Market Perform on Fidelity National Finl, Maintains $53 Price Target

Stephens &amp; Co. analyst John Campbell reiterates Fidelity National Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>) with a Overweight and maintains $60 price target.

Stephens & Co. Reiterates Overweight on Fidelity National Finl, Maintains $60 Price Target

Fidelity National Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>) reported quarterly earnings of $1.24 per share which missed the analyst consensus estimate of $1.35 by 8.15 percent. The company reported quarterly sales of $3.158 billion which missed the analyst consensus estimate of $3.200 billion by 1.31 percent. This is a 2.93 percent increase over sales of $3.068 billion the same period last year.

Earnings Misses

Fidelity National Finl Q2 2024 Adj. EPS $1.24 Misses $1.35 Estimate, Sales $3.158B Miss $3.200B Estimate

Multiple online brokerage platforms experienced problems Monday morning as markets <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40160872/goldman-sachs-raises-us-recession-odds-treasury-yields-tumble-yen-rallies-as-trader">continue to melt</a>.
What To Know: Online brokerages including Charles Schwab Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>), Vanguard and Fidelity National Financial Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>) were not working properly for thousands of users, according to <a href="https://downdetector.com">data</a> from Downdetector.com.
The website, which tracks outages, shows that Schwab, Vanguard and Fidelity were the most impacted, with thousands of users reporting issues. There were also some users reporting problems with trading platforms E-Trade and Interactive Brokers. Schwab began experiencing problems shortly before the market open Monday, with the outage reports tapering off around 10:22 a.m. ET. The Downdetector reports for the other brokerages follow a similar trajectory. 
Vanguard posted on X: &#8220;We recognize some investors are experiencing delays when logging in to their accounts. We are working diligently to restore functionality and apologize for any inconvenience.&#8221;
Fidelity <a href="https://www.bloomberg.com/news/articles/2024-08-05/schwab-fidelity-traders-report-outages-amid-market-volatility?srnd=homepage-americas&amp;sref=TBDibEcD">told Bloomberg</a> that some customers experienced &#8220;intermittent issues&#8221; earlier Monday and they are resolved. 
"We are aware some customers experienced intermittent issues earlier today," a Fidelity spokesperson said in an emailed statement. "This is now resolved."
Benzinga contacted Schwab, Vanguard, Fidelity, E-Trade and Interactive Brokers for comment on the reported outages.
Schwab, which appeared to be dealing with the most widespread outage, posted on its website that some clients may have difficulty logging in to Schwab platforms &#8220;due to a technical issue.&#8221;
The technical difficulties come with markets facing heavy selling pressure as traders fear a hard landing could be on the horizon after the Federal Reserve <a href="https://www.benzinga.com/economics/macro-economic-events/24/07/40077882/fed-holds-interest-rates-steady-as-predicted-offers-no-clues-on-potential-septemb">left interest rates unchanged</a> last week against a weakening labor market, which has sparked recession fears.
Check This Out: <a href="https://www.benzinga.com/news/large-cap/24/08/40131214/market-turmoil-july-jobs-report-geopolitical-risks-spark-stock-sell-off-as-traders-flee-to-treasur">Market Turmoil: July Jobs Report, Geopolitical Risks Spark Stock Sell-Off As Traders Flee To Treasuries, Yen, Gold</a>
Downdetector uses reports from multiple sources including end users to track digital outages.
Users were unable to login to their accounts, @KobeissiLetter said in a <a href="https://x.com/KobeissiLetter/status/1820453966234137034">post</a> on X: &#8220;Once again, Schwab&#8217;s platforms have crashed during a period of high volume.&#8221;
X user @idan_bg made a <a href="https://x.com/idan_bg/status/1820462565517832527">post</a> suggesting the issues were not by coincidence: &#8220;This is a crime against retail investors because the hedge funds want to protect themselves!&#8221;
Another X user, @finleyriver1, <a href="https://x.com/finleyriver1/status/1820456527498764378">said</a> this is the fourth time that Schwab has been down in the last three months, adding that it was an &#8220;embarrassing&#8221; look for the company.
Broader market indexes are tumbling Monday morning while volatility spikes. The S&amp;P 500 was down approximately 2.85% at the time of publication, while the Nasdaq Composite was down nearly 4% and the Dow Jones Industrial Average was down about 2.8%. The declines come after U.S. stocks registered their <a href="https://www.benzinga.com/markets/equities/24/08/40135090/old-school-summer-risk-off-vix-up-over-50-nasdaq-100-enters-correction-chipmakers-officially-in-">worst session since 2022</a>&nbsp;last week.
The SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks performance of the S&amp;P 500 Index, was down 2.98% at $517.08 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40159588/exclusive-bitcoin-crashes-17-ethereum-plummets-23-is-the-crypto-bear-market-here">EXCLUSIVE: Bitcoin Crashes 17%, Ethereum Plummets 23% — Is The Crypto Bear Market Here?</a></li>
</ul>
Photo: Shutterstock.

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Tech

SCHW

Schwab, Vanguard, Fidelity Among Trading Platforms With Technical Problems As Market Meltdown Intensifies

Prudential Financial, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pru#NYSE">PRU</a>) is slated to report second-quarter 2024 earnings on Aug 1, after market close. PRU delivered a negative earnings surprise in the last reported quarter.
<h3>Factors to Consider</h3>
The U.S. business is likely to have gained from higher spread income, driven by business growth and the benefit of higher interest rates and variable investment income, as well as more favorable underwriting results.
Prudential Financial&#39;s international businesses are likely to have benefited from higher net investment spread results and higher earnings from joint ventures and other operating entities. The upside is likely to have been partially offset by lower underwriting results.
Group Insurance business in the to-be-reported quarter is likely to have benefited from more higher underwriting results and higher net investment spread results. The upside is likely to have been partially offset by higher expenses.
PGIM is likely to have gained from equity market appreciation and tightening credit spreads. The upside is likely to have been partially offset by the impacts of higher interest rates and unfavorable foreign exchange rates.
Assets under management are likely to have benefited from equity market appreciation and tightening credit spreads, partially offset by net outflows.
Net investment income is likely to have gained from higher reinvestment rates, higher non-coupon income and growth in indexed variable annuities. The upside is likely to have been partially offset by higher operating and variable expenses. We expect net investment income to increase 7.4% to $4 billion in the to-be-reported quarter.
Expenses are likely to have increased because of higher general and administrative expenses, amortization of deferred policy acquisition costs and interest credited to policyholders&#39; account balances. We expect total expenses to be $11.5 billion.
The Individual Retirement Strategies business is likely to have benefited from higher net investment spread results due to higher reinvestment rates, more favorable short-term interest rates and growth in indexed variable annuities.
The company estimates earnings per share to be $3.36 for the second quarter of 2024.
The Zacks Consensus Estimate for earnings per share is pegged at $3.43, indicating an increase of 16.6% from the year-ago period&#39;s reported figure.
The Zacks Consensus Estimate for revenues is pegged at $13.78 billion, indicating a decrease of 9% from the year-ago quarter&#39;s reported figure.
<h3>What Our Quantitative Model Unveils</h3>
Our proven model predicts an earnings beat for Prudential Financial this time around. This is because the stock has the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold).
Earnings ESP: Prudential Financial has an Earnings ESP of +0.11%.
<div class="chart_embed">
Prudential Financial, Inc. Price and EPS Surprise
<img alt="Prudential Financial, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/ca/1722255782.png" style="height:263px; width:545px" title="" />
Prudential Financial, Inc. price-eps-surprise | Prudential Financial, Inc. Quote
Zacks Rank: PRU carries a Zacks Rank #3 at present.
</div>
<h3>Other Stocks to Consider</h3>
Some other insurance stocks with the right combination of elements to deliver an earnings beat this time around are:
Kemper Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmpr#NYSE">KMPR</a>) has an Earnings ESP of +14.77% and sports a Zacks Rank #1 at present. The Zacks Consensus Estimate for second-quarter 2024 earnings is pegged at $1.27, indicating a year-over-year increase of 25.7%.
KMPR&#39;s earnings beat estimates in two of the last four reported quarters and missed in one and matched in one.
Oscar Health, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oscr#NYSE">OSCR</a>) has an Earnings ESP of +3.23% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for second-quarter 2024 earnings is pegged at 16 cents, indicating a year-over-year increase of 328.5%.
OSCR&#39;s earnings beat estimates in each of the last four reported quarters.
Fidelity National Financial, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fnf#NYSE">FNF</a>) has an Earnings ESP of +1.61% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for second-quarter 2024 earnings is pegged at $1.27, indicating a year-over-year increase of 25.7%.
FNF&#39;s earnings beat estimates in one of the last four reported quarters and missed in the other three.
<a href="https://www.zacks.com/stock/news/2311090/will-prudential-pru-pull-off-a-surprise-in-q2-earnings?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2311090">To read this article on Zacks.com click here.</a>

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OSCR

Will Prudential Pull Off a Surprise in Q2 Earnings?

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor&#39;s dream. However, when you&#39;re an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.
While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company&#39;s earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases.
FNF Group in Focus
Based in Jacksonville, FNF Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fnf#NYSE">FNF</a>) is in the Finance sector, and so far this year, shares have seen a price change of 7.31%. The provider of title insurance and mortgage services is currently shelling out a dividend of $0.48 per share, with a dividend yield of 3.51%. This compares to the Insurance - Property and Casualty industry&#39;s yield of 0.18% and the S&amp;P 500&#39;s yield of 1.59%.
Looking at dividend growth, the company&#39;s current annualized dividend of $1.92 is up 4.9% from last year. In the past five-year period, FNF Group has increased its dividend 5 times on a year-over-year basis for an average annual increase of 10.30%. Looking ahead, future dividend growth will be dependent on earnings growth and payout ratio, which is the proportion of a company&#39;s annual earnings per share that it pays out as a dividend. FNF Group&#39;s current payout ratio is 51%. This means it paid out 51% of its trailing 12-month EPS as dividend.
Looking at this fiscal year, FNF expects solid earnings growth. The Zacks Consensus Estimate for 2024 is $4.67 per share, which represents a year-over-year growth rate of 31.55%.
Bottom Line
Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. It&#39;s important to keep in mind that not all companies provide a quarterly payout.
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. Income investors have to be mindful of the fact that high-yielding stocks tend to struggle during periods of rising interest rates. With that in mind, FNF is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of 3 (Hold).
<a href="https://www.zacks.com/stock/news/2308075/fnf-group-fnf-could-be-a-great-choice?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_5-2308075">To read this article on Zacks.com click here.</a>

Dividends

FNF Group Could Be a Great Choice

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) spot exchange-traded funds (ETFs) experienced net inflows of nearly $79 million on Thursday, extending their positive streak to <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39592240/what-is-going-on-with-bitcoin-spot-etfs">five consecutive days</a>.
What Happened: According to <a href="https://www.theblock.co/post/304992/spot-bitcoin-etfs-log-79-million-in-net-inflows-reaching-fifth-consecutive-day-of-positive-flows?utm_source=rss&amp;utm_medium=rss">The Block</a>, BlackRock's iShares Bitcoin Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) led the inflows with $72.09 million. This ETF, the largest by net asset value, also had the highest trading volume on Wednesday, reaching $725.61 million.
<ul>
<li>Fidelity's Fidelity Wise Origin Bitcoin Fund (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FBTC#BATS">FBTC</a>) saw net inflows of $32.69 million. </li>
<li>Bitwise&#8217;s Bitcoin ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BITB#BATS">BITB</a>) attracted $7.53 million,</li>
<li>The ETF from Ark Invest and 21Shares (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKB#BATS">ARKB</a>) added $4.31 million. </li>
<li>Grayscale's (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#OTC">GBTC</a>) GBTC experienced net outflows of $37.69 million on Wednesday. </li>
<li>Six other funds reported zero flows.</li>
</ul>
Overall, $1.31 billion worth of value was traded in U.S. spot bitcoin funds on July 11. Despite the recent inflows, trading volumes remain significantly lower than in March, when they exceeded $8 billion on several days.
U.S. issuers are still awaiting approval from the Securities and Exchange Commission for their latest amended registration statements for <a href="https://www.msn.com/en-us/money/other/spot-ethereum-etfs-could-take-in-up-to-15b-in-2024-gemini-research/ar-BB1phKwl">spot Ethereum ETFs</a>. One issuer told The Block that the next communication from the SEC is expected to be highly informative regarding the anticipated launch.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39736733/sec-ends-investigation-into-paxos-marking-win-for-crypto-industry">SEC Ends Investigation Into Paxos, Marking Win For Crypto Industry</a>
Why It Matters: The recent inflows into bitcoin ETFs suggest growing investor confidence, despite the lower trading volumes compared to earlier in the year. The SEC&#8217;s decision on spot Ethereum ETFs could further influence trading volumes and investor sentiment and potentially prompt <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39715425/ethereums-bull-case-5-000-in-2024-but-it-wont-be-a-straight-road-says-trader">a rally</a> for the second-largest cryptocurrency.
On July 11, <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39738170/is-a-bitcoin-pump-imminent-this-indicator-says-yes">CryptoQuant</a> reported a significant outflow of 35,486 BTC from BitMEX, marking the second-largest outflow in the exchange&#8217;s history. Historically, such large outflows have been linked to bullish trends, as they often indicate that major investors are moving their holdings to cold storage, thereby reducing immediate selling pressure.
What&#8217;s Next: These topics are expected to be thoroughly explored at Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39738170/is-a-bitcoin-pump-imminent-this-indicator-says-yes">Is A Bitcoin Pump Imminent? This Indicator Says Yes</a></li>
</ul>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image: Shutterstock

$BTC

ARK 21Shares Bitcoin ETF ARK 21Shares Bitcoin ETF

ARKB

Bitwise Bitcoin ETF Common Shares of Beneficial Interest

BITB

Fidelity Wise Origin Bitcoin Fund Fidelity Wise Origin Bitcoin Fund

FBTC

GBTC

IBIT

Bitcoin Spot ETFs Take In $79M On Thursday: Why Are They Suddenly On A Roll?

WIIM

GPMT

LPRO

SLQT

SUNS

UPST

VCTR

Shares of companies within the broader financial sector are trading higher following recent CPI data.

In the latest quarter, 4 analysts provided ratings for Fidelity National Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>), showcasing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $56.0, along with a high estimate of $60.00 and a low estimate of $53.00. Marking an increase of 0.9%, the current average surpasses the previous average price target of $55.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1719921624_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
A comprehensive examination of how financial experts perceive Fidelity National Finl is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$53.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$55.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>John Campbell</td>
<td>Stephens &amp; Co.</td>
<td>Raises</td>
<td>Overweight</td>
<td>$60.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Mark Devries</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$56.00</td>
<td>$52.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Fidelity National Finl. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Fidelity National Finl compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
For valuable insights into Fidelity National Finl's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/FNF/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Fidelity National Finl analyst ratings.</a>
<h2>About Fidelity National Finl</h2>
Fidelity National Financial Inc provides title insurance, escrow, and other title-related services. It operates in three segments: Title, F&amp;G, Corporate and Other. The title segment that derives the majority of revenue consists of the operations of title insurance underwriters and related businesses, which provide title insurance and escrow and other title-related services including trust activities, trustee sales guarantees, and home warranty products. Substantially all of the company's revenue is generated in the United States.
<h3>Fidelity National Finl: Financial Performance Dissected</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Fidelity National Finl showcased positive performance, achieving a revenue growth rate of 34.26% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.
Net Margin: Fidelity National Finl's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 7.64%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 3.53%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Fidelity National Finl's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.3%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Fidelity National Finl's debt-to-equity ratio stands notably higher than the industry average, reaching 0.6. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>The Significance of Analyst Ratings Explained</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Landscape: 4 Takes On Fidelity National Finl

Keefe, Bruyette &amp; Woods analyst Bose George maintains Fidelity National Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>) with a Market Perform and lowers the price target from $55 to $53.

Keefe, Bruyette & Woods Maintains Market Perform on Fidelity National Finl, Lowers Price Target to $53

Silver Beech Capital Q2 2024 Investor Letter

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Fidelity National Financial buys commercial operations of First Nationwide Title Agency

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Barclays analyst Terry Ma maintained a Hold rating on Fidelity National Financial (FNF – Research Report) today and set a price target of $59.00. T...

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