Fidelity National Financial (NYSE:FNF) Reaches New 1-Year Low – Should You Sell?

Shares of Fidelity National Financial, Inc. (NYSE:FNF) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $42.52 and last traded at $42.69, with a volume of 1423520 shares traded. The stock had previously closed at $43.62.

Wall Street Analyst Weigh In

Several analysts have weighed in on FNF shares. National Bank Financial set a $54.00 price target on Fidelity National Financial in a research note on Friday, August 7th. Stephens restated an “overweight” rating and issued a $55.00 price objective on shares of Fidelity National Financial in a research note on Monday, August 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a report on Tuesday, September 8th. Keefe, Bruyette & Woods dropped their target price on Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Finally, Zacks Research upgraded shares of Fidelity National Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 26th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Fidelity National Financial currently has a consensus rating of “Hold” and an average price target of $56.00.

Fidelity National Financial Trading Down 1.3%

The stock has a market cap of $11.54 billion, a PE ratio of 15.18, a PEG ratio of 0.66 and a beta of 0.93. The company’s fifty day moving average is $48.71 and its 200-day moving average is $48.37. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.31 by $0.08. The company had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.79 billion. Fidelity National Financial had a net margin of 5.03% and a return on equity of 16.07%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.16 earnings per share. On average, analysts predict that Fidelity National Financial, Inc. will post 5.18 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, September 16th. Fidelity National Financial’s payout ratio is 73.50%.

Insider Activity at Fidelity National Financial

In other news, EVP Peter Sadowski sold 69,196 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $45.70, for a total value of $3,162,257.20. Following the sale, the executive vice president owned 5,702 shares in the company, valued at $260,581.40. This represents a 92.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Fidelity National Financial during the 2nd quarter worth approximately $25,000. Commonwealth Retirement Investments LLC acquired a new position in shares of Fidelity National Financial in the 4th quarter valued at $28,000. Ancora Advisors LLC acquired a new position in shares of Fidelity National Financial in the 2nd quarter valued at $43,000. Markowski Investments purchased a new stake in Fidelity National Financial during the second quarter worth $51,000. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in Fidelity National Financial by 57.2% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock worth $53,000 after buying an additional 353 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc (NYSE:FNF) is a provider of title insurance, escrow and settlement services, and other title-related products in the United States. Through its Fidelity National Title Group businesses, the company helps protect property buyers, lenders and other parties against losses arising from defects in real estate titles and supports the closing of residential and commercial property transactions.

FNF’s title operations include well-known brands such as Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title.