Fidelity National Financial, Inc. (FNF) to Issue Quarterly Dividend of $0.50 on March 31st

Fidelity National Financial, Inc. (NYSE:FNF) announced a quarterly dividend on Friday, February 21st, RTT News reports. Stockholders 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 dividend yield of 3.36%. The ex-dividend date is Monday, March 17th.

Fidelity National Financial has raised its dividend payment by an average of 7.5% annually over the last three years. Fidelity National Financial has a dividend payout ratio of 29.6% 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 Trading Up 3.4 %

NYSE:FNF opened at $59.50 on Friday. Fidelity National Financial has a one year low of $46.85 and a one year high of $64.83. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market cap of $16.28 billion, a P/E ratio of 12.80 and a beta of 1.39. The firm has a 50-day simple moving average of $57.25 and a 200-day simple moving average of $59.04.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.23 by $0.11. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same quarter in the previous year, the business posted $0.75 EPS. Equities analysts anticipate that Fidelity National Financial will post 6.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the sale, the director now owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the sale, the director now directly owns 32,386 shares in the company, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on FNF shares. Keefe, Bruyette & Woods reduced their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Finally, Truist Financial boosted their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Fidelity National Financial presently has an average rating of “Moderate Buy” and an average price target of $66.40.

About Fidelity National Financial

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.