Fidelity National Financial (NYSE:FNF) Hits New 52-Week Low – Should You Sell?

Fidelity National Financial, Inc. (NYSE:FNF) shares reached a new 52-week low on Tuesday . The stock traded as low as $50.25 and last traded at $50.2560, with a volume of 177536 shares changing hands. The stock had previously closed at $51.66.

Analyst Ratings Changes

A number of research firms have weighed in on FNF. National Bank Financial set a $71.00 target price on shares of Fidelity National Financial in a research note on Monday, February 23rd. Stephens began coverage on Fidelity National Financial in a research note on Friday, November 14th. They issued an “overweight” rating on the stock. Barclays reduced their price objective on Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating for the company in a report on Tuesday, January 6th. Keefe, Bruyette & Woods boosted their target price on Fidelity National Financial from $70.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Finally, Wall Street Zen downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $68.33.

Fidelity National Financial Price Performance

The firm has a market capitalization of $13.75 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 0.64 and a beta of 0.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.24 and a current ratio of 0.24. The business’s 50 day moving average is $54.35 and its two-hundred day moving average is $56.72.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Thursday, February 19th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.10). The company had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.66 billion. Fidelity National Financial had a return on equity of 15.06% and a net margin of 4.17%.The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.34 EPS. Equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a dividend of $0.52 per share. The ex-dividend date is Tuesday, March 17th. This represents a $2.08 annualized dividend and a dividend yield of 4.1%. Fidelity National Financial’s dividend payout ratio is currently 97.65%.

Insider Activity

In related news, Director Halim Dhanidina sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $55.90, for a total transaction of $335,400.00. Following the sale, the director owned 13,186 shares of the company’s stock, valued at approximately $737,097.40. This represents a 31.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FNF. SHP Wealth Management purchased a new stake in shares of Fidelity National Financial in the fourth quarter worth $802,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Fidelity National Financial by 1,046.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,926 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 1,758 shares in the last quarter. Kera Capital Partners Inc. raised its holdings in shares of Fidelity National Financial by 6.1% in the 4th quarter. Kera Capital Partners Inc. now owns 3,946 shares of the financial services provider’s stock valued at $215,000 after acquiring an additional 228 shares in the last quarter. Invesco Ltd. boosted its position in shares of Fidelity National Financial by 17.4% during the 4th quarter. Invesco Ltd. now owns 980,947 shares of the financial services provider’s stock valued at $53,550,000 after acquiring an additional 145,157 shares during the last quarter. Finally, Corient Private Wealth LLC grew its holdings in shares of Fidelity National Financial by 0.4% during the fourth quarter. Corient Private Wealth LLC now owns 140,605 shares of the financial services provider’s stock worth $7,526,000 after purchasing an additional 581 shares in the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

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.