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.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on FNF shares. Barclays raised their target price on Fidelity National Financial from $66.00 to $68.00 and gave the stock an "overweight" rating in a research note on Thursday, August 4th. Keefe, Bruyette & Woods raised their target price on Fidelity National Financial to $62.00 and gave the stock a "na" rating in a research note on Monday, May 16th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $63.00.
Fidelity National Financial Stock Performance
Fidelity National Financial stock opened at $38.42 on Tuesday. The stock's 50 day simple moving average is $38.23 and its two-hundred day simple moving average is $42.96. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.19 and a current ratio of 24.63. The stock has a market cap of $10.78 billion, a price-to-earnings ratio of 5.33 and a beta of 1.38. Fidelity National Financial has a fifty-two week low of $34.59 and a fifty-two week high of $56.44.
Fidelity National Financial (NYSE:FNF - Get Rating) last posted its quarterly earnings data 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 return on equity of 25.38% and a net margin of 14.11%. The business had revenue of $3.17 billion for the quarter, compared to analysts' expectations of $2.89 billion. During the same period in the previous year, the firm posted $1.56 EPS. The business's revenue was up 2.1% on a year-over-year basis. As a group, analysts expect that Fidelity National Financial will post 6.14 earnings per share for the current fiscal year.
Fidelity National Financial Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.76 annualized dividend and a dividend yield of 4.58%. Fidelity National Financial's payout ratio is 24.41%.