Workflow
Fidelity National Financial(FNF)
icon
Search documents
IPX1031 Washington Doubles Up 1031 Coverage with Nicole Valdez
Prnewswire· 2024-06-03 18:00
Core Insights - IPX1031 has strengthened its sales team in Washington State by hiring Nicole Valdez, who will work alongside Paul Van Every to enhance 1031 Exchange services and education in the region [1][2][4] Group 1: Company Developments - The addition of Nicole Valdez is part of IPX1031's commitment to providing exceptional customer service and comprehensive solutions for 1031 Exchanges [2][4] - Valdez brings extensive experience in real estate and consumer marketing, which will contribute to maximizing investment opportunities for clients [2][4] - Paul Van Every has been pivotal in expanding IPX1031's presence in the Pacific Northwest and is looking forward to collaborating with Valdez to deliver superior service [3][4] Group 2: Team Responsibilities - Valdez and Van Every will focus on educating and consulting clients, as well as working with tax, legal, and real estate professionals to structure 1031 Tax-Deferred Exchanges [4] - The team aims to provide the most comprehensive knowledge, tools, and solutions available in the 1031 industry [4][6] Group 3: Company Background - IPX1031 is the largest and one of the oldest Qualified Intermediaries in the United States, and is a subsidiary of Fidelity National Financial [6]
Fidelity National Financial Names Jason Nadeau As Chief Artificial Intelligence Officer
Prnewswire· 2024-05-23 11:30
"Advancements in AI are changing public awareness, technical discussions, and expectations of these technologies," said John Crowley, Chief Information Officer. "Nadeau's role highlights the focus that FNF will continue to place on these transformational tools, as well as Jason's expertise in being able to expertly lead FNF through a thoughtful implementation of rapidly evolving, complex technology." Nadeau joined FNF in 2018 and has played a critical role in shaping the development of the Company's technol ...
LoanCare® Hires David Vida for New Executive Vice President, Chief Revenue Officer Role
Prnewswire· 2024-05-16 13:00
VIRGINIA BEACH, Va., May 16, 2024 /PRNewswire/ -- LoanCare®, a top U.S. mortgage subservicer, announces its first Chief Revenue Officer role and has appointed David Vida to the position. By instituting this new executive role, LoanCare is further advancing its business strategy to support client growth and product expansion by leveraging its partnership, technology, talent, and successful servicing operations. "David's extensive background in the mortgage industry makes him perfectly suited to lead our char ...
Fidelity National Financial(FNF) - 2024 Q1 - Quarterly Report
2024-05-10 16:34
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Table of Contents Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-32630 Securities registered pursuant to Section 12(b) of the Act: | Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered | | - ...
Fidelity National Financial(FNF) - 2024 Q1 - Earnings Call Transcript
2024-05-09 19:06
Fidelity National Financial, Inc. (NYSE:FNF) Q1 2024 Earnings Conference Call May 9, 2024 11:00 AM ET Company Participants Lisa Foxworthy-Parker - Investor Relations Mike Nolan - Chief Executive Officer Tony Park - Chief Financial Officer Chris Blunt - Chief Executive Officer, F&G Wendy Young - Chief Financial Officer, F&G Conference Call Participants Soham Bhonsle - BTIG Pactual Bose George - KBW John Campbell - Stephens Inc. Maxwell Fritscher - Truist Securities Operator Ladies and gentlemen, good morning ...
Why FNF Group (FNF) is a Top Dividend Stock for Your Portfolio
Zacks Investment Research· 2024-05-09 16:45
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend ...
Should Value Investors Buy Fidelity National Financial (FNF) Stock?
Zacks Investment Research· 2024-05-09 14:46
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.Luckily, Zack ...
Fidelity National Financial Announces Quarterly Cash Dividend of $0.48
Prnewswire· 2024-05-08 20:56
JACKSONVILLE, Fla., May 8, 2024 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) today announced that its Board of Directors has declared a quarterly cash dividend of $0.48 per common share. The dividend will be payable June 28, 2024, to stockholders of record as of June 14, 2024. About Fidelity National Financial, Inc. Fidelity National Financial, Inc. (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries, and a leading provide ...
Fidelity National Financial(FNF) - 2024 Q1 - Quarterly Results
2024-05-08 20:19
Financial Performance - Net earnings attributable to common shareholders for Q1 2024 were $248 million, or $0.91 per diluted share, compared to a net loss of $59 million, or $0.22 per share in Q1 2023[3]. - Adjusted net earnings for Q1 2024 were $206 million, or $0.76 per share, up from $151 million, or $0.56 per share in Q1 2023, reflecting a 36% increase in adjusted net earnings year-over-year[4]. - Total revenue for Q1 2024 was $3.3 billion, a 33% increase from $2.5 billion in Q1 2023, with the Title Segment contributing $1.7 billion, a 7% increase from $1.6 billion in Q1 2023[8]. - Total revenue for Q1 2024 was $3,299 million, an increase from $2,474 million in Q1 2023, representing a growth of 33.3%[28]. - Adjusted EPS attributable to common shareholders for Q1 2024 was $0.76, up from $0.56 in Q1 2023, reflecting a 35.7% increase[30]. - Total title and escrow revenue for Q1 2024 was $2,314 million, compared to $1,858 million in Q1 2023, marking a 24.5% increase[28]. - Interest and investment income rose to $710 million in Q1 2024, up from $611 million in Q1 2023, a growth of 16.2%[28]. - Total expenses for Q1 2024 were $2,968 million, compared to $2,548 million in Q1 2023, an increase of 16.5%[28]. - The company reported a pre-tax earnings of $331 million for Q1 2024, a significant improvement from a pre-tax loss of $74 million in Q1 2023[30]. - Adjusted net earnings attributable to common shareholders for Q1 2024 were $95 million, compared to $52 million in Q1 2023[44]. Segment Performance - The Title Segment's adjusted pre-tax margin was 10.7% for Q1 2024, compared to 10.0% in Q1 2023, indicating improved profitability despite market challenges[7]. - F&G Segment gross sales reached $3.5 billion in Q1 2024, a 6% increase from $3.3 billion in Q1 2023, driven by strong retail and institutional market sales[15]. - F&G's assets under management (AUM) hit a record $49.8 billion as of March 31, 2024, a 10% increase from $45.3 billion a year earlier[16]. - Total annuity sales for Q1 2024 were $2,764 million, a slight increase from $2,724 million in Q1 2023[46]. Market Conditions - Purchase orders opened increased by 5% daily, while refinance orders closed decreased by 4% compared to Q1 2023, reflecting mixed market conditions[13]. - The percentage of purchase orders from total opened orders was 79% in Q1 2024, consistent with Q1 2023[42]. Capital Management - The Company paid common dividends of $0.48 per share totaling $130 million, ending Q1 2024 with $618 million in cash and short-term liquid investments[7]. - The Company plans to maintain a balanced capital allocation strategy focused on growth through acquisitions while returning capital to shareholders[6]. Operational Metrics - Total opened orders for Q1 2024 reached 315,000, a 2.3% increase from Q4 2023's 308,000[40]. - Total closed orders in Q1 2024 were 186,000, a decrease of 3.1% compared to Q4 2023's 192,000[40]. - Total commercial revenue for Q1 2024 was $238 million, down 19.1% from $294 million in Q4 2023[40]. - Total staffing for field operations increased to 10,000 employees in Q1 2024, up from 9,900 in Q4 2023[40]. - The company reported actual title claims paid of $70 million in Q1 2024, an increase from $64 million in Q4 2023[40]. Product Development - F&G launched a new RILA product in Q1 2024, which is expected to contribute significantly to future sales growth[15]. Financial Position - Cash and investment portfolio increased to $60,895 million as of March 31, 2024, up from $58,816 million at the end of 2023[36]. - Total assets grew to $84,496 million as of March 31, 2024, compared to $80,614 million at the end of 2023, indicating a growth of 4.6%[36]. - The fee per file in Q1 2024 was $3,555, a decrease from $3,806 in Q4 2023[40]. - The total commercial fee per file in Q1 2024 was $9,800, down from $11,200 in Q4 2023[40].
FNF Group (FNF) to Report Q1 Results: Wall Street Expects Earnings Growth
Zacks Investment Research· 2024-04-24 15:08
Wall Street expects a year-over-year increase in earnings on higher revenues when FNF Group (FNF) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move ...