UPDATE 1-Title insurer Fidelity's Q4 profit tops Street

* Q4 EPS $0.58 vs est EPS $0.30

* Total title premiums up 8.4 pct

Jan 27 (Reuters) - Fidelity National Financial Inc (FNF.N) posted a quarterly profit that trumped analysts' expectations as the No.1 U.S. title insurer recorded higher revenue from its title insurance business.

"The title insurance business experienced strong refinance volumes due to the low mortgage interest rate environment and we continued to closely manage our expense levels," Chairman William Foley said in a statement.

Net income attributable to shareholders for the fourth quarter was $130.8 million, or 58 cents a share, compared with $69.3 million, or 30 cents a share, a year back.

Analysts were looking for a profit of 30 cents a share on revenue of $1.39 billion, according to Thomson Reuters I/B/E/S.

Revenue was up 10 percent at $1.61 billion, while total title premiums climbed to $1.08 billion from $991.4 million last year.

Title insurance guarantees that property owners have title to property and can legally transfer that title. Many lenders require that buyers have the insurance before extending loans.

Shares of Fidelity National closed at $14.15 Thursday on the New York Stock Exchange. (Reporting by Abhinav Sharma in Bangalore; Editing by Jarshad Kakkrakandy)