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

Fidelity National Financial, Inc. (NYSE:FNF) announced a quarterly dividend on Friday, February 21st, RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 3.28%.

Fidelity National Financial has increased its dividend 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. 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 Up 6.0 %

Shares of FNF opened at $61.03 on Friday. The stock has a market capitalization of $16.70 billion, a price-to-earnings ratio of 22.24 and a beta of 1.39. Fidelity National Financial has a 1 year low of $46.85 and a 1 year high of $64.83. The business’s 50 day simple moving average is $57.26 and its 200-day simple moving average is $58.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.11. The business had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. During the same period in the prior year, the firm earned $0.75 EPS. As a group, equities analysts expect that Fidelity National Financial will post 4.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FNF has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price target for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Keefe, Bruyette & Woods decreased their price target on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. Finally, Truist Financial increased their price target on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.40.

Insider Buying and Selling

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the business’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the completion of the sale, the director now directly owns 32,386 shares of the company’s stock, valued at $1,824,303.38. The trade was a 6.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the completion of the sale, the director now directly owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. This trade represents a 14.35 % 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 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.