Fidelity National Financial, Inc. (FNF) to Issue Quarterly Dividend of $0.52 on September 30th

Fidelity National Financial, Inc. (NYSE:FNF) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, September 16th will be paid a dividend of 0.52 per share by the financial services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Wednesday, September 16th.

Fidelity National Financial has raised its dividend by an average of 0.3%annually over the last three years and has increased its dividend every year for the last 1 years. Fidelity National Financial has a payout ratio of 31.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Fidelity National Financial to earn $5.95 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 35.0%.

Fidelity National Financial Price Performance

Shares of NYSE:FNF traded down $2.32 during trading on Friday, hitting $50.22. 1,885,918 shares of the stock were exchanged, compared to its average volume of 1,759,253. The company has a fifty day moving average price of $48.99 and a two-hundred day moving average price of $49.94. The company has a market cap of $13.52 billion, a PE ratio of 17.73, a P/E/G ratio of 0.77 and a beta of 0.95. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. Fidelity National Financial has a 12-month low of $42.78 and a 12-month high of $61.40.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. The business had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Fidelity National Financial had a return on equity of 15.98% and a net margin of 5.03%.The company’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.16 EPS. On average, analysts forecast that Fidelity National Financial will post 5.11 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on FNF. National Bank Financial set a $54.00 target price on Fidelity National Financial in a report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a research note on Thursday, June 11th. Zacks Research cut shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Stephens dropped their target price on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $57.50.

About Fidelity National Financial

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.