Fidelity National Financial, Inc. Declares Quarterly Dividend of $0.50 (NYSE:FNF)

Fidelity National Financial, Inc. (NYSE:FNF) announced a quarterly dividend on Thursday, May 8th, RTT News reports. Shareholders of record on Monday, June 16th will be given a dividend of 0.50 per share by the financial services provider on Friday, June 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.34%.

Fidelity National Financial has raised its dividend by an average of 7.5% annually over the last three years. Fidelity National Financial has a dividend payout ratio of 28.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Fidelity National Financial to earn $6.67 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 30.0%.

Fidelity National Financial Trading Down 6.9 %

Shares of Fidelity National Financial stock opened at $59.87 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a market capitalization of $16.44 billion, a P/E ratio of 12.88 and a beta of 1.14. Fidelity National Financial has a 52-week low of $47.79 and a 52-week high of $66.72. The stock’s 50-day simple moving average is $62.82 and its 200 day simple moving average is $60.40.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.35). Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. The business’s revenue for the quarter was down 17.3% compared to the same quarter last year. As a group, research analysts anticipate that Fidelity National Financial will post 6.28 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays increased their target price on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Stephens increased their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods raised Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 target price for the company in a research note on Tuesday, April 8th. Finally, StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.60.

Fidelity National Financial Company Profile

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 products.