Fidelity National Financial Inc (NYSE:FNF) announced a quarterly dividend on Tuesday, July 16th, RTT News reports. Stockholders of record on Monday, September 16th will be paid a dividend of 0.31 per share by the financial services provider on Monday, September 30th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Friday, September 13th.
Fidelity National Financial has increased its dividend payment by an average of 14.5% per year over the last three years and has increased its dividend every year for the last 7 years. Fidelity National Financial has a dividend payout ratio of 44.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Fidelity National Financial to earn $3.08 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 40.3%.
FNF opened at $44.26 on Wednesday. The company has a market cap of $12.34 billion, a P/E ratio of 16.39 and a beta of 0.84. The business’s 50-day moving average price is $43.76 and its 200-day moving average price is $39.92. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.17. Fidelity National Financial has a 12 month low of $29.50 and a 12 month high of $45.40.
Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.92 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.08. Fidelity National Financial had a return on equity of 16.10% and a net margin of 9.84%. The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the previous year, the firm earned $0.86 EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis. Equities research analysts forecast that Fidelity National Financial will post 2.94 earnings per share for the current fiscal year.
FNF has been the topic of several analyst reports. Zacks Investment Research raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Monday. Susquehanna Bancshares assumed coverage on shares of Fidelity National Financial in a report on Wednesday, June 19th. They set a “positive” rating and a $48.00 target price for the company. Keefe, Bruyette & Woods lifted their price objective on Fidelity National Financial from $44.00 to $48.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Finally, Compass Point raised Fidelity National Financial from a “neutral” rating to a “buy” rating in a research note on Monday, July 8th. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. Fidelity National Financial has an average rating of “Buy” and an average target price of $46.54.
Fidelity National Financial Company Profile
Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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