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 insurance. The company also provides technology and transaction services to the real estate and mortgage industries; and mortgage transaction services, including title-related services and facilitation of production and management of mortgage loans. In addition, it offers annuity and life insurance products, such as deferred annuities that include fixed indexed, fixed rate, and immediate annuities, as well as indexed universal life insurance products. Further, the company engages in the real estate brokerage business. Fidelity National Financial, Inc. was founded in 1847 and is headquartered in Jacksonville, Florida.
Fidelity National Financial Stock Performance
Shares of NYSE:FNF traded up $0.28 during midday trading on Tuesday, reaching $38.70. 1,251,028 shares of the company were exchanged, compared to its average volume of 2,046,505. The company has a current ratio of 24.63, a quick ratio of 0.19 and a debt-to-equity ratio of 0.46. The stock has a market cap of $10.86 billion, a P/E ratio of 5.37 and a beta of 1.38. Fidelity National Financial has a 1 year low of $34.59 and a 1 year high of $56.44. The stock has a fifty day simple moving average of $38.16 and a 200 day simple moving average of $42.93.
Fidelity National Financial (NYSE:FNF - Get Rating) last announced its quarterly earnings data on Tuesday, May 10th. The financial services provider reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.07. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $2.89 billion. Fidelity National Financial had a net margin of 14.11% and a return on equity of 25.38%. The firm's revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.56 earnings per share. On average, research analysts forecast that Fidelity National Financial will post 6.14 earnings per share for the current fiscal year.
Fidelity National Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be given a $0.44 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.76 dividend on an annualized basis and a yield of 4.55%. Fidelity National Financial's payout ratio is currently 24.41%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on FNF shares. Barclays raised their price target on Fidelity National Financial from $66.00 to $68.00 and gave the stock an "overweight" rating in a report on Thursday, August 4th. Keefe, Bruyette & Woods raised their price target on Fidelity National Financial to $62.00 and gave the stock a "na" rating in a report on Monday, May 16th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $63.00.