Fidelity National Financial IncMissed revenue estimates by 10.7%, stock dropped 8.9%.
The 32 property and casualty insurance stocks tracked by StockStory reported mixed first-quarter results, with revenues beating analysts' consensus estimates by 1.9% on average. Enact Holdings posted revenues of $317.9 million, up 2.5% year on year and exceeding expectations by 1.3%, though its stock fell 1.6% since the report. Mercury General was the best performer, with revenues of $1.54 billion up 10.5% year on year and beating estimates by 5.4%, sending shares up 5.3%. Fidelity National Financial was the weakest, missing revenue estimates by 10.7% with $3.23 billion in revenues, and its stock dropped 8.9%. Radian Group and Stewart Information Services also beat revenue expectations, reporting $475.2 million and $781.3 million respectively.
Fidelity National Financial IncMissed revenue estimates by 10.7%, stock dropped 8.9%.
Mercury General CorporationRevenue beat estimates by 5.4%, stock rose 5.3%.
Enact Holdings IncStock fell 1.6% despite beating revenue estimates, indicating market disappointment.
Radian Group IncBeat revenue expectations with $475.2 million.
Stewart Information Services CorpBeat revenue expectations with $781.3 million.