Fidelity National Financial In - FNF STOCK NEWS

Black Knight (NYSE: BKI) has announced the sale of its TitlePoint line of business to Fidelity National Financial (NYSE: FNF) for $225 million in cash. TitlePoint, part of Black Knight's Data & Analytics segment, aids in title searches across the U.S. The decision to sell aligns with Black Knight's strategy to enhance investments in mortgage-specific software and core data analytics, while also addressing revenues sensitive to origination volumes. The transaction is projected to close in December 2022, contingent on customary closing conditions.

Fidelity National Financial (NYSE: FNF) announced that the SEC has declared effective F&G Annuities & Life's registration statement. FNF plans to distribute 15% of F&G's stock to its shareholders on December 1, 2022, with shareholders receiving 68 shares of F&G for every 1,000 shares of FNF held. "When-issued" trading for F&G will start on November 21, 2022, under the symbol FG WI, transitioning to regular trading on the distribution date. This separation will be subject to various conditions, and investors should consult tax advisors regarding potential implications.

Fidelity National Financial (NYSE: FNF) announced its acquisition of St. Louis Title, Security Title Insurance Agency, Accurate Disbursing, and Benchmark Title. This strategic move aims to strengthen FNF's presence in the St. Louis and Southern Illinois markets, enhancing service delivery to customers. The acquired companies, which have established themselves as leaders in the area since 2005, will continue operations under the leadership of current manager John Schaefer. This integration is expected to leverage combined resources, ensuring continued customer satisfaction and service excellence.

Fidelity National Financial (NYSE: FNF) announced a planned distribution of approximately 15% of F&G Annuities & Life, Inc.'s outstanding common stock to its shareholders. The record date is set for November 22, 2022, with a ratio of 68 shares of F&G for every 1,000 shares of FNF held. The distribution will be effective on December 1, 2022. FNF will retain around 85% ownership of F&G after the distribution. F&G is preparing for an NYSE listing under the symbol “FG.” This distribution will be treated as a taxable event for U.S. federal income tax.

Fidelity National Financial (FNF) reported Q3 2022 net earnings of $289 million ($1.05 per share), down sharply from $732 million ($2.57 per share) in Q3 2021. The decline is attributed to reduced refinance volumes and moderating residential purchase activity, though commercial orders showed resilience. Adjusted net earnings were $295 million ($1.07 per share), compared to $663 million in the previous year. Total revenue declined to $3.2 billion from $3.9 billion. FGF's gross sales totaled $2.9 billion, reflecting robust retail performance but a decrease in institutional sales. FNF continues to maintain solid capital management practices.

F&G Annuities & Life, an operating segment of Fidelity National Financial (FNF), has announced a new quarterly cash dividend program totaling approximately $100 million annually, starting in early 2023. The dividends are contingent on Board approval and regulatory requirements, reflecting the company’s confidence in its operating performance. Additionally, F&G plans to distribute about 15% of its common stock to FNF shareholders and will list on the NYSE under symbol FG. This initiative aims to enhance shareholder value while supporting future growth.

Fidelity National Financial (NYSE: FNF) has declared a quarterly cash dividend increase from $0.44 to $0.45 per share. This adjustment reflects the company's commitment to returning value to its shareholders. The new dividend will be payable on December 30, 2022, to stockholders on record as of December 16, 2022. FNF is the largest title insurance provider in the U.S., issuing more policies than any other title company nationwide.

Fidelity National Financial (NYSE: FNF) will announce its third quarter 2022 earnings on November 8, 2022, after market close. A conference call to discuss the results is scheduled for November 9, 2022, at 11:00 a.m. ET. Investors can access the call via FNF's Investor Relations website or by telephone. The company is a leading provider of title insurance and transaction services within the real estate and mortgage sectors, and operates F&G, focusing on insurance solutions for retail and institutional clients.

IPX1031 has appointed Milissa Ormiston-Hall as Vice President for Oregon and SW Washington, enhancing its Pacific Northwest operations. With over 26 years of experience in 1031 Exchanges and corporate sales, Ormiston-Hall will educate clients and professionals on tax-deferred exchanges. IPX1031 is a leading Qualified Intermediary and is a subsidiary of Fidelity National Financial (NYSE: FNF), known for its expertise and security in exchange fund management.