Fidelity National Financial (NYSE:FNF) Reaches New 12-Month Low – Here’s Why

Shares of Fidelity National Financial, Inc. (NYSE:FNFGet Free Report) hit a new 52-week low during mid-day trading on Saturday . The company traded as low as $50.56 and last traded at $52.1970, with a volume of 3324617 shares changing hands. The stock had previously closed at $54.21.

Fidelity National Financial News Roundup

Here are the key news stories impacting Fidelity National Financial this week:

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FNF shares. National Bank Financial set a $63.00 price objective on Fidelity National Financial in a research note on Tuesday, January 6th. Stephens initiated coverage on Fidelity National Financial in a report on Friday, November 14th. They set an “overweight” rating for the company. Wall Street Zen cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Monday, January 26th. Keefe, Bruyette & Woods increased their price target on shares of Fidelity National Financial from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fidelity National Financial in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.25.

Get Our Latest Research Report on FNF

Fidelity National Financial Stock Down 3.7%

The company has a debt-to-equity ratio of 0.47, a current ratio of 0.25 and a quick ratio of 0.25. The company has a fifty day moving average price of $55.08 and a 200 day moving average price of $57.16. The company has a market cap of $14.68 billion, a PE ratio of 24.56, a price-to-earnings-growth ratio of 0.69 and a beta of 0.98.

Fidelity National Financial (NYSE:FNFGet Free Report) last announced its earnings results 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). Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.05%. The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the previous year, the firm earned $1.34 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.52 per share. The ex-dividend date is Tuesday, March 17th. This represents a $2.08 annualized dividend and a dividend yield of 4.0%. Fidelity National Financial’s dividend payout ratio is 50.12%.

Insider Buying and Selling at Fidelity National Financial

In related news, Director Halim Dhanidina sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $55.90, for a total value of $335,400.00. Following the completion of the sale, the director owned 13,186 shares in the company, valued at $737,097.40. The trade was a 31.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FNF. Quent Capital LLC bought a new stake in shares of Fidelity National Financial in the 3rd quarter worth approximately $26,000. Canton Hathaway LLC purchased a new position in Fidelity National Financial in the 4th quarter worth $26,000. Commonwealth Retirement Investments LLC bought a new stake in Fidelity National Financial in the fourth quarter worth $28,000. Elevation Point Wealth Partners LLC purchased a new stake in Fidelity National Financial during the second quarter valued at about $29,000. Finally, Mather Group LLC. purchased a new stake in Fidelity National Financial during the third quarter valued at about $29,000. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Fidelity National Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Financial and related companies with MarketBeat.com's FREE daily email newsletter.