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

Fidelity National Financial, Inc. (NYSE:FNF) declared a quarterly dividend on Friday, February 20th. Stockholders of record on Tuesday, March 17th will be given a dividend of 0.52 per share by the financial services provider on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Tuesday, March 17th.

Fidelity National Financial has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Fidelity National Financial has a dividend payout ratio of 31.5% indicating that its dividend is sufficiently covered by earnings. 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 $2.08 annual dividend with an expected future payout ratio of 31.2%.

Fidelity National Financial Stock Performance

Fidelity National Financial stock opened at $52.20 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market cap of $14.68 billion, a P/E ratio of 24.56, a price-to-earnings-growth ratio of 0.66 and a beta of 0.98. Fidelity National Financial has a fifty-two week low of $50.56 and a fifty-two week high of $66.72. The firm’s 50 day simple moving average is $55.08 and its 200-day simple moving average is $57.16.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Thursday, February 19th. The financial services provider reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.10). Fidelity National Financial had a return on equity of 15.05% and a net margin of 4.17%.The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.66 billion. During the same period in the prior year, the business posted $1.34 EPS. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities research analysts predict that Fidelity National Financial will post 6.28 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods upped their price target on Fidelity National Financial from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Wall Street Zen downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Monday, January 26th. National Bank Financial set a $63.00 price target on shares of Fidelity National Financial in a report on Tuesday, January 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fidelity National Financial in a research report on Monday, December 29th. Finally, Barclays cut their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 6th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $68.25.

Fidelity National Financial Company Profile

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.