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

Fidelity National Financial, Inc. (NYSE:FNF) announced a quarterly dividend on Friday, February 20th. Shareholders 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) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, March 17th.

Fidelity National Financial has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Fidelity National Financial has a dividend payout ratio of 31.5% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

NYSE:FNF traded down $2.01 on Friday, reaching $52.20. 3,324,617 shares of the company’s stock traded hands, compared to its average volume of 1,574,824. The stock has a 50-day simple moving average of $55.08 and a 200-day simple moving average of $57.16. Fidelity National Financial has a 12 month low of $50.56 and a 12 month high of $66.72. The firm has a market cap 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 company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.47.

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 for the quarter, missing analysts’ consensus estimates 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 return on equity of 15.06% and a net margin of 8.34%.The business’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the company earned $1.34 EPS. Equities research analysts forecast that Fidelity National Financial will post 6.28 earnings per share for the current year.

Analyst Ratings Changes

FNF has been the subject of a number of research analyst reports. Barclays cut their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating for the company in a report on Tuesday, January 6th. National Bank Financial set a $63.00 target price on shares of Fidelity National Financial in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fidelity National Financial in a report on Monday, December 29th. Stephens assumed coverage on shares of Fidelity National Financial in a research note on Friday, November 14th. They issued an “overweight” rating on the stock. Finally, Wall Street Zen downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.