Fidelity National Financial, Inc. (NYSE:FNF) to Issue $0.52 Quarterly Dividend

Fidelity National Financial, Inc. (NYSE:FNF) announced a quarterly dividend on Thursday, May 7th. Investors of record on Tuesday, June 16th will be paid a dividend of 0.52 per share by the financial services provider on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, June 16th.

Fidelity National Financial has increased its dividend by an average of 0.3%per year over the last three years and has raised its dividend every year for the last 1 years. Fidelity National Financial has a dividend payout ratio of 31.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Fidelity National Financial to earn $6.66 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 Price Performance

Shares of NYSE:FNF opened at $50.22 on Friday. Fidelity National Financial has a twelve month low of $42.78 and a twelve month high of $62.33. The company’s 50 day moving average is $48.61 and its 200 day moving average is $53.38. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.49. The company has a market cap of $13.52 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 0.66 and a beta of 1.00.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.16). The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.61 billion. Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.35%. The business’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 earnings per share. On average, sell-side analysts forecast that Fidelity National Financial will post 6 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its stake in shares of Fidelity National Financial by 8.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider’s stock valued at $40,975,000 after purchasing an additional 47,267 shares in the last quarter. Acadian Asset Management LLC boosted its position in Fidelity National Financial by 141.9% during the first quarter. Acadian Asset Management LLC now owns 14,478 shares of the financial services provider’s stock worth $941,000 after purchasing an additional 8,494 shares in the last quarter. Invesco Ltd. boosted its position in Fidelity National Financial by 2.0% during the second quarter. Invesco Ltd. now owns 820,180 shares of the financial services provider’s stock worth $45,979,000 after purchasing an additional 16,440 shares in the last quarter. Brown Advisory Inc. acquired a new stake in Fidelity National Financial in the second quarter valued at approximately $339,000. Finally, Daiwa Securities Group Inc. grew its holdings in Fidelity National Financial by 2.4% in the second quarter. Daiwa Securities Group Inc. now owns 21,396 shares of the financial services provider’s stock valued at $1,199,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

About Fidelity National Financial

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.