The real estate industry has enjoyed important tailwinds like low interest rates and high sales activity. People are realizing the importance of a larger home and spaces for work and relaxation. The phenomenon of working from home is also boosting the demand for homes. While a lot of attention has been on homebuilders and real estate stocks, investors would do well to look at less obvious areas. Companies that cater to the real estate industry would also see robust demand that flows through from higher real estate activity. Fidelity National Financial is one of the leading providers of settlement and insurance services to the mortgage and real estate industries. Its stock shows cyclical trends that follow the real estate industry’s cyclicality. However, the overall trajectory has been upward. The company might just intrigue those looking to buy best insurance stocks in the current environment.
Fidelity National Financial Insurance
Headquartered in Jacksonville, Fidelity National Financial has two business divisions. The first one deals in title insurance, escrow, and other title-related services. It is called FNF Core Operations. The second segment is more technology-heavy. It deals in transaction and technology solutions that Fidelity National Financial provides to its clients. That segment is called FNF Ventures. Interestingly, Fidelity National Financial has also invested in ABRH, a restaurant group. Insurance premiums constitute the bulk of Fidelity National Financial’s revenues. They bring in more than half the revenues. Most of the revenues are from the US and the business is quite US-centric. Fidelity is the largest title insurance company in America. It is one of the top insurance stocks 2021 as the price has rallied significantly post the March 2020 crash.
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Fidelity National Financial has more than 25,000 employees. It issues title insurance through its underwriters Chicago Title, Fidelity National Title, Commonwealth Land Title, National Title of New York, and Alamo Title. Fidelity’s stock last traded at $45 on 1st October 2021.