Fidelity National Financial, Inc. (NYSE:FNF) Announces Quarterly Dividend of $0.52

Fidelity National Financial, Inc. (NYSE:FNF) declared a quarterly dividend on Friday, February 20th. Stockholders of record on Tuesday, March 17th will be paid a dividend of 0.52 per share by the financial services provider on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Tuesday, March 17th.

Fidelity National Financial has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Fidelity National Financial has a payout ratio of 31.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Fidelity National Financial to earn $6.67 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 31.2%.

Fidelity National Financial Stock Down 3.7%

Shares of FNF traded down $2.01 on Friday, hitting $52.20. 3,324,617 shares of the stock traded hands, compared to its average volume of 1,574,824. Fidelity National Financial has a one year low of $50.56 and a one year high of $66.72. The company has a market capitalization of $14.68 billion, a PE ratio of 12.59, a P/E/G ratio of 0.71 and a beta of 0.98. The business has a 50 day simple moving average of $55.08 and a 200 day simple moving average of $57.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.25 and a current ratio of 0.25.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Thursday, February 19th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.10). The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.66 billion. Fidelity National Financial had a net margin of 8.34% and a return on equity of 15.06%. The business’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company posted $1.34 earnings per share. As a group, equities analysts forecast that Fidelity National Financial will post 6.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FNF has been the subject of a number of recent analyst reports. Barclays decreased their target price on Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 6th. Keefe, Bruyette & Woods boosted their price objective on shares of Fidelity National Financial from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Stephens started coverage on shares of Fidelity National Financial in a report on Friday, November 14th. They issued an “overweight” rating on the stock. Wall Street Zen downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Monday, January 26th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Fidelity National Financial in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.25.

Fidelity National Financial Company Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.