Fidelity National Financial, Inc. Declares Quarterly Dividend of $0.48 (NYSE:FNF)

Fidelity National Financial, Inc. (NYSE:FNF) declared a quarterly dividend on Wednesday, May 8th, RTT News reports. Stockholders of record on Friday, June 14th will be paid a dividend of 0.48 per share by the financial services provider on Friday, June 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.68%.

Fidelity National Financial has increased its dividend payment by an average of 10.7% annually over the last three years and has raised its dividend every year for the last 12 years.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock traded down $0.02 during trading hours on Wednesday, reaching $52.13. The stock had a trading volume of 1,110,240 shares, compared to its average volume of 1,524,162. The firm has a market capitalization of $14.24 billion, a PE ratio of 27.31 and a beta of 1.33. Fidelity National Financial has a twelve month low of $33.61 and a twelve month high of $53.96. The stock’s 50 day moving average is $50.66 and its 200 day moving average is $48.51. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.27). Fidelity National Financial had a net margin of 4.40% and a return on equity of 13.91%. The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter last year, the company earned $1.06 earnings per share. Equities analysts expect that Fidelity National Financial will post 4.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FNF has been the topic of a number of analyst reports. Barclays increased their price target on Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fidelity National Financial in a research report on Wednesday, January 10th. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods lifted their price objective on Fidelity National Financial from $54.00 to $56.00 and gave the stock a “market perform” rating in a report on Thursday, March 21st. Finally, Truist Financial boosted their target price on shares of Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $54.20.

Insider Activity

In other news, Director Halim Dhanidina sold 3,000 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $50.64, for a total value of $151,920.00. Following the sale, the director now owns 14,906 shares in the company, valued at approximately $754,839.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Cary H. Thompson sold 23,410 shares of Fidelity National Financial stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the completion of the transaction, the director now directly owns 40,317 shares in the company, valued at approximately $2,060,601.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Halim Dhanidina sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $50.64, for a total value of $151,920.00. Following the sale, the director now owns 14,906 shares of the company’s stock, valued at approximately $754,839.84. The disclosure for this sale can be found here. 5.40% of the stock is owned by company insiders.

About Fidelity National Financial

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.