Latest news with #FidelityNationalFinancial
Business Journals
5 days ago
- Business
- Business Journals
Jacksonville-based Fidelity National eyes Nevada incorporation
Fidelity National Financial, a major Jacksonville-based company, is taking steps that could lead to a significant change in its corporate structure.
Associated Press
6 days ago
- Business
- Associated Press
Fidelity National Financial, Inc. Announces Successful Completion of Consent Solicitation
JACKSONVILLE, Fla., June 4, 2025 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) ('FNF' or the 'Company') today announced the successful completion of the previously announced consent solicitations of the holders of each of its 4.500% Senior Notes due 2028 (the '2028 Notes'), 3.400% Senior Notes due 2030 (the '2030 Notes'), 2.450% Senior Notes due 2031 (the '2031 Notes') and 3.200% Senior Notes due 2051 (the '2051 Notes' and, collectively with the 2028 Notes, 2030 Notes and the 2031 Notes, the 'Notes"; and each a 'series of Notes') to effect a certain amendment (the 'Proposed Amendment') to the indenture governing the Notes (the 'Indenture') with respect to each series of Notes, as described below. As of 5:00 p.m., New York City time, on June 3, 2025 (the 'Expiration Time'), the Company had received consents from a majority in principal amount of each series of Notes outstanding for the adoption of the proposed amendment to the Indenture. Each of the consent solicitations was made pursuant to the consent solicitation statement, dated May 28, 2025 (the 'Consent Solicitation Statement'). A supplemental indenture giving effect to the Proposed Amendment with respect to each series of Notes will be executed promptly. Upon its execution, the supplemental indenture will be effective and constitute a binding agreement between the Company and the trustee. Immediately prior to the consummation of the Company's redomestication, by conversion, from a corporation organized under the laws of the State of Delaware to a corporation organized under the laws of the State of Nevada (the 'Redomestication'), the Company will pay holders of each series of Notes who validly delivered their consents at or prior to the Expiration Time (and did not validly revoke such consents) the Consent Fee described in the Consent Solicitation Statement. No Consent Fee will be paid with respect to a series of Notes if any of the consent solicitations are terminated prior to the proposed amendment becoming effective or if the Company abandons the Redomestication or if the Redomestication is not completed for any reason whatsoever. The Company is not required to consummate the Redomestication even if it has received the requisite consents for the Notes and the approval of its shareholders to the Redomestication. If the Redomestication is abandoned prior to consummation or otherwise not completed for any reason whatsoever (including, without limitation, because the Company determines to effect a redomestication by way of merger or otherwise), or the conditions to the consent solicitations are not satisfied or waived, then no Consent Fee shall be payable and the Proposed Amendment contained in supplemental indenture described above will not become operative. Any questions regarding these payments should be directed to the Information Agent and Tabulation Agent for the consent solicitation, D.F. King & Co., Inc., at (866) 340-7108 (toll free) or (212) 269-5550 (banks and brokers) (collect) or by email at [email protected]. BofA Securities acted as Solicitation Agent in connection with the consent solicitations. Questions regarding the consent solicitations may be directed to BofA Securities, Attention: Liability Management Group at (888) 292-0070 (toll free) or (980) 387-3907 (collect). This press release is for informational purposes only and does not constitute a solicitation of consents of holders of the Notes and shall not be deemed a solicitation of consents with respect to any other securities of the Company. 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 provider of insurance solutions serving retail annuity and life customers and institutional clients through its majority owned subsidiary F&G Annuities & Life, Inc. (NYSE: FG). FNF is the nation's largest title insurance company through its title insurance underwriters - Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title and National Title of New York - that collectively issue more title insurance policies than any other title company in the United States. More information about FNF can be found at Forward-Looking Statements and Risk Factors This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements regarding our expectations, hopes, intentions or strategies regarding the future are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: the potential impact of the consummation of the Redomestication on relationships, including with shareholders, bondholders and stakeholders; our ability to successfully realize the anticipated benefits of the Redomestication; the risk that we do not receive the Requisite Consents with respect to each series of Notes or shareholder approval for the Redomestication; adverse changes in general economic, business, political crisis, war and pandemic conditions, including ongoing geopolitical conflicts; consumer spending; government spending; the volatility and strength of the capital markets; investor and consumer confidence; foreign currency exchange rates; commodity prices; inflation levels; changes in trade policy; tariffs and trade sanctions on goods; trade wars; supply chain disruptions; weakness or adverse changes in the level of real estate activity, which may be caused by, among other things, high or increasing interest rates, a limited supply of mortgage funding or a weak U.S. economy; our potential inability to find suitable acquisition candidates; our dependence on distributions from our title insurance underwriters as a main source of cash flow; significant competition that F&G and our operating subsidiaries face; compliance with extensive government regulation of our operating subsidiaries, including regulation of title insurance and services and privacy and data protection laws; systems damage, failures, interruptions, cyberattacks and intrusions, or unauthorized data disclosures; and other risks detailed in the 'Statement Regarding Forward-Looking Information,' 'Risk Factors' and other sections of FNF's Form 10-K and other filings with the Securities and Exchange Commission. FNF-G View original content: SOURCE Fidelity National Financial, Inc.
Yahoo
04-04-2025
- Business
- Yahoo
Why Fidelity National Financial, VICI Properties, And Skyworks Solutions Are Winners For Passive Income
Companies with a long history of paying dividends and consistently hiking them remain appealing to income-focused investors. Fidelity National Financial, VICI Properties, and Skyworks Solutions have rewarded shareholders for years and recently announced dividend increases. These companies currently offer dividend yields of around 3% to 5%. Fidelity National Financial Fidelity National Financial (NYSE:FNF) provides various insurance products in the U.S. It offers title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances and home warranty products. Don't Miss: Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Fidelity National Financial has increased its dividends consecutively for the last 13 years. In its most recent dividend hike announcement on Nov. 7, the company's board raised the quarterly payout by 4% to $0.50 per common share, equal to an annual figure of $2 per share. The current yield on the stock stands at 3.07%. The company's annual revenue as of Dec. 31 stood at $13.36 billion. According to its Q4 2024 earnings report on Feb. 20, the company posted revenues of $3.62 billion and EPS of $1.34. Both figures came in above the consensus expectations. VICI Properties VICI Properties (NYSE:VICI) is a real estate investment trust that owns one of the largest portfolios of gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. Trending: It's no wonder Jeff Bezos holds over $250 million in art — VICI Properties has raised its dividends every year for the last seven years. In its most recent dividend hike announcement on Sept. 5, it increased the quarterly payout by 4.2% to $0.4325 per share, which is equal to an annual figure of $1.73 per share. Currently, the yield on the dividend is 5.30%. VICI Properties' annual revenue as of Dec. 31 stood at $3.85 billion. In the company's most recent earnings release on Feb. 20, it posted Q4 2024 EPS of $0.57, matching expectations, while revenues of $976.05 million beat the consensus estimate of $974.91 million. Check out this article by Benzinga for 11 analysts' insights on VICI Solutions Skyworks Solutions (NASDAQ:SWKS) designs, develops, manufactures, and markets proprietary semiconductor products in the U.S., China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific. Skyworks Solutions has consecutively increased its dividends for the last 11 years. As per its most recent dividend hike announcement on July 30, the company raised the quarterly payout by 3% to $0.70 per share, equal to an annual figure of $2.80 per share. More recently, in its earnings release on Feb. 5, the company maintained the payout at the same level. The current yield on the dividend stands at 4.33%. The company's annual revenue as of Dec. 31 stood at $4.04 billion. In its Q1 2025 earnings report on Feb. 5, it posted revenues of $1.07 billion, roughly in line with expectations, and EPS of $1.60, beating the Street estimate of $1.57. Check out this article by Benzinga, which looks into Skyworks Solutions' recent short interest. Fidelity National Financial, VICI Properties, and Skyworks Solutions are good choices for investors seeking reliable passive income. Their dividend yields of around 3% to 5% and long history of consistent hikes make them attractive to income-focused investors. Read Next:'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Why Fidelity National Financial, VICI Properties, And Skyworks Solutions Are Winners For Passive Income originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
21-03-2025
- Business
- Yahoo
Investor Wants Shake-Up at Billionaire Sports Owner Bill Foley's Company
Cannae, a holding company led by billionaire investor and sports owner Bill Foley, is facing pressure from Carronade Capital Management to shake up its board and sell its investments in public stocks to focus on its private holdings such as European soccer teams, according to people familiar with the matter. Cannae was spun out in 2017 from title insurance provider Fidelity National Financial, which Foley founded in 1984 and has chaired since. The $7 Billion Defense Contractor Who Became One of America's Biggest Alleged Tax Cheats The 1960s 'Chicken Tax' Shows the Lasting Impact of Tariffs Fed Dims Economic Outlook, Citing Uncertainty Over Tariffs Ben & Jerry's Says CEO Ousted by Unilever Over Brand's Social Activism Sandals Resorts Taps Bankers to Explore Sale Carronade owns about 4.6% of Cannae, the people said, making it one of the top shareholders. The firm confidentially nominated a slate of four directors in December and believes the company's board isn't sufficiently independent, the people said. Shares of Cannae are down about 24% in the past year, giving the company a market value of about $1 billion. Foley owns the Vegas Golden Knights of the National Hockey League, as well as hotels, restaurants and a collection of vineyards and wineries. Cannae's holdings are similarly diverse. It holds stock positions in several companies and a variety of private investments. It owns slightly less than half of Black Knight Football Club, which owns English Premier League club AFC Bournemouth and stakes in several other soccer teams, and has invested in activist firm Jana Partners. Carronade believes the private investments are currently undervalued by investors, contributing to the entire company trading at a steeper discount on its assets than its peers, the people said. Carronade was founded by Elliott Management and Fortress Investment Group alum Dan Gropper. The multistrategy investment firm has historically focused more on investing in distressed debt, but in the past year has dipped its toe into activism, including agitating against Verizon Communications's nearly $10 billion acquisition of Frontier Communications. Carronade believes Cannae should sell its public company holdings and return most of that capital to shareholders, the people said. Cannae has investments in data-and-analytics company Dun & Bradstreet, employee-benefits manager Alight, financial-services company Paysafe and marketing-and-advertising company System1. Carronade views the current board as too connected to Foley's other ventures, according to the people. The firm also is pushing for a new board committee focused on improving returns for shareholders. Several board members are current or former executives or directors at Foley's separate entertainment holding company or Fidelity National Financial. Cannae said in a statement Thursday that it was committed to returning a large amount of capital to shareholders and continuing to reduce its public company holdings. The company said it had in recent weeks discussed its strategy with Carronade in order to reach a resolution. Write to Ben Glickman at Sale of Ozempic Knockoffs Is Supposed to End Soon. Telehealth Companies Aren't Happy. Crypto Exchange Kraken Strikes $1.5 Billion Deal for Futures Trading Business As Debt Ceiling Looms, the Fed Tweaks Its Portfolio Runoff Nissan to Cut 20% of Top Management Positions U.S., U.K. Defense Companies Mostly Excluded From New EU Loans Sign in to access your portfolio
Yahoo
22-02-2025
- Business
- Yahoo
Fidelity National Financial Full Year 2024 Earnings: Beats Expectations
Revenue: US$13.7b (up 16% from FY 2023). Net income: US$1.27b (up 146% from FY 2023). Profit margin: 9.3% (up from 4.4% in FY 2023). The increase in margin was driven by higher revenue. EPS: US$4.69 (up from US$1.92 in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Insurance industry in the US. Performance of the American Insurance industry. The company's shares are up 2.6% from a week ago. Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Fidelity National Financial's balance sheet and an in-depth analysis of the company's financial position. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
