Fidelity National Financial, Inc. (FNF) To Go Ex-Dividend on December 17th

Fidelity National Financial, Inc. (NYSE:FNF) declared a quarterly dividend on Thursday, November 7th,RTT News reports. Investors of record on Tuesday, December 17th will be paid a dividend of 0.50 per share by the financial services provider on Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Tuesday, December 17th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48.

Fidelity National Financial has raised its dividend payment by an average of 10.7% per year over the last three years and has increased its dividend every year for the last 13 years. Fidelity National Financial has a dividend payout ratio of 32.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Fidelity National Financial to earn $6.28 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 31.8%.

Fidelity National Financial Stock Performance

Shares of FNF opened at $59.96 on Friday. The firm’s 50 day moving average price is $61.02 and its two-hundred day moving average price is $56.86. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial has a twelve month low of $46.85 and a twelve month high of $64.83. The firm has a market cap of $16.41 billion, a P/E ratio of 21.80 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.11). The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.23 EPS. On average, analysts forecast that Fidelity National Financial will post 4.57 EPS for the current fiscal year.

Insider Activity at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the sale, the director now directly owns 13,206 shares in the company, valued at approximately $803,585.10. The trade was a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 5.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FNF has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lifted their target price on Fidelity National Financial from $63.00 to $64.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. Truist Financial boosted their price target on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Barclays increased their price objective on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $63.80.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.