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

Fidelity National Financial, Inc. (NYSE:FNF) announced a quarterly dividend on Friday, February 21st, RTT News reports. Investors of record on Monday, March 17th will be given 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 yield of 3.09%. The ex-dividend date of this dividend is Monday, March 17th.

Fidelity National Financial has increased its dividend payment by an average of 7.5% annually over the last three years. Fidelity National Financial has a dividend payout ratio of 28.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Fidelity National Financial to earn $6.67 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 30.0%.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $64.83 on Friday. The stock has a market cap of $17.83 billion, a P/E ratio of 13.94 and a beta of 1.32. The stock has a 50 day simple moving average of $59.07 and a 200 day simple moving average of $59.67. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial has a 1-year low of $46.85 and a 1-year high of $65.65.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.11. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same period in the previous year, the firm earned $0.75 EPS. Research analysts anticipate that Fidelity National Financial will post 6.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FNF has been the subject of several analyst reports. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Keefe, Bruyette & Woods dropped their price objective on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their price objective for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Barclays boosted their price target on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Finally, Stephens boosted their price target on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.40.

Insider Buying and Selling

In other news, Director Halim Dhanidina sold 2,800 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the sale, the director now owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sandra Douglass Morgan sold 2,092 shares of the 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 approximately $1,824,303.38. The trade was a 6.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently 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.