Fidelity National Financial, Inc. (NYSE:FNF) to Issue Dividend Increase – $0.50 Per Share

Fidelity National Financial, Inc. (NYSE:FNF) announced a quarterly dividend on Thursday, November 7th,RTT News reports. Investors of record on Tuesday, December 17th will be given a dividend of 0.50 per share by the financial services provider on Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.38%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48.

Fidelity National Financial has increased its dividend by an average of 10.7% per year over the last three years and has raised its dividend every year for the last 12 years. Fidelity National Financial has a payout ratio of 31.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Fidelity National Financial to earn $5.71 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 33.6%.

Fidelity National Financial Price Performance

Fidelity National Financial stock opened at $59.12 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $16.17 billion, a P/E ratio of 17.65 and a beta of 1.37. The business has a 50-day moving average of $60.27 and a 200-day moving average of $54.92. Fidelity National Financial has a 1 year low of $42.21 and a 1 year high of $62.97.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The firm’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.23 EPS. On average, equities analysts anticipate that Fidelity National Financial will post 4.53 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods raised their price target on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th. Barclays boosted their price objective on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Truist Financial raised their target price on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $62.40.

Insider Buying and Selling

In other Fidelity National Financial 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 sale, the director now owns 13,206 shares in the company, valued at approximately $803,585.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.20% of the stock is owned by corporate insiders.

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.