FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) declared a quarterly dividend on Tuesday, January 30th, RTT News reports. Shareholders of record on Friday, March 16th will be given a dividend of 0.27 per share by the financial services provider on Friday, March 30th. This represents a $1.08 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Thursday, March 15th.
FNF Group of Fidelity National Financial has increased its dividend by an average of 11.8% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. FNF Group of Fidelity National Financial has a dividend payout ratio of 43.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect FNF Group of Fidelity National Financial to earn $3.06 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 35.3%.
Shares of FNF Group of Fidelity National Financial (NYSE:FNF) traded down $0.17 during trading hours on Wednesday, hitting $38.30. 477,271 shares of the company’s stock traded hands, compared to its average volume of 1,551,652. FNF Group of Fidelity National Financial has a 12 month low of $26.74 and a 12 month high of $41.99. The firm has a market capitalization of $10,347.07, a price-to-earnings ratio of 16.16 and a beta of 0.89. The company has a quick ratio of 0.85, a current ratio of 3.01 and a debt-to-equity ratio of 0.17.
FNF Group of Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.91 billion. FNF Group of Fidelity National Financial had a net margin of 8.13% and a return on equity of 11.72%. FNF Group of Fidelity National Financial’s revenue was down 8.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.71 earnings per share. sell-side analysts anticipate that FNF Group of Fidelity National Financial will post 2.69 EPS for the current fiscal year.
FNF has been the subject of a number of research reports. Zacks Investment Research cut shares of FNF Group of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Stephens restated a “buy” rating and set a $46.00 target price on shares of FNF Group of Fidelity National Financial in a report on Thursday, February 1st. Barclays set a $46.00 target price on shares of FNF Group of Fidelity National Financial and gave the stock a “buy” rating in a report on Friday, January 12th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $42.00 target price on shares of FNF Group of Fidelity National Financial in a report on Friday, December 22nd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $44.14.
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About FNF Group of Fidelity National Financial
Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.
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