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.
Analysts Set New Price Targets
A number of research analysts have commented on FNF shares. Keefe, Bruyette & Woods upped their price objective on Fidelity National Financial to $62.00 and gave the company a "na" rating in a report on Monday, May 16th. Barclays upped their price objective on Fidelity National Financial from $66.00 to $68.00 and gave the company an "overweight" rating in a report on Thursday, August 4th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $63.00.
Fidelity National Financial Trading Up 1.7 %
Shares of FNF Stock traded up $0.67 during trading hours on Friday, hitting $41.00. 888,785 shares of the company's stock traded hands, compared to its average volume of 1,187,440. The stock's 50 day simple moving average is $38.04 and its 200 day simple moving average is $42.77. The stock has a market cap of $11.33 billion, a PE ratio of 5.69 and a beta of 1.38. Fidelity National Financial has a 12 month low of $34.59 and a 12 month high of $56.44. The company has a quick ratio of 0.19, a current ratio of 0.20 and a debt-to-equity ratio of 0.46.
Fidelity National Financial (NYSE:FNF - Get Rating) last posted its quarterly earnings results on Tuesday, May 10th. The financial services provider reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.07. Fidelity National Financial had a net margin of 14.11% and a return on equity of 25.38%. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the previous year, the firm posted $1.56 earnings per share. The business's revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Fidelity National Financial will post 6.14 EPS for the current year.
Fidelity National Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a dividend of $0.44 per share. The ex-dividend date is Thursday, September 15th. This represents a $1.76 dividend on an annualized basis and a yield of 4.29%. Fidelity National Financial's payout ratio is 24.41%.
Insider Buying and Selling at Fidelity National Financial
In related news, Director Thomas M. Hagerty sold 13,663 shares of the company's stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $40.01, for a total value of $546,656.63. Following the completion of the transaction, the director now directly owns 325,540 shares in the company, valued at $13,024,855.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.10% of the company's stock.