Fidelity National Financial, Inc. (NYSE:FNF) Plans Quarterly Dividend of $0.50

Fidelity National Financial, Inc. (NYSE:FNF) declared a quarterly dividend on Friday, February 21st, RTT News reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.50 per share by the financial services provider on Monday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.28%.

Fidelity National Financial has raised its dividend payment by an average of 7.5% per year over the last three years. Fidelity National Financial has a dividend payout ratio of 29.6% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of NYSE:FNF opened at $61.03 on Friday. Fidelity National Financial has a fifty-two week low of $46.85 and a fifty-two week high of $64.83. The business has a 50-day simple moving average of $57.26 and a two-hundred day simple moving average of $58.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market cap of $16.70 billion, a price-to-earnings ratio of 22.24 and a beta of 1.39.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.23 by $0.11. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. On average, analysts expect that Fidelity National Financial will post 4.57 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on FNF shares. Keefe, Bruyette & Woods reduced their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. Truist Financial upped their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Fidelity National Financial has an average rating of “Moderate Buy” and an average target price of $66.40.

Insider Activity at Fidelity National Financial

In related news, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction of $153,580.00. Following the completion of the transaction, the director now directly owns 16,716 shares in the company, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the completion of the transaction, the director now owns 32,386 shares of the company’s stock, valued at $1,824,303.38. The trade was a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

About Fidelity National Financial

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.