Fidelity National Financial (NYSE:FNF) Hits New 52-Week Low – Should You Sell?

Fidelity National Financial, Inc. (NYSE:FNF)’s share price reached a new 52-week low during mid-day trading on Tuesday. The company traded as low as $40.76 and last traded at $40.68, with a volume of 59287 shares. The stock had previously closed at $41.08.

Wall Street Analyst Weigh In

FNF has been the subject of a number of recent research reports. National Bank Financial set a $54.00 price objective on shares of Fidelity National Financial in a research report on Friday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a report on Tuesday, September 8th. Keefe, Bruyette & Woods decreased their target price on Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Barclays upped their target price on Fidelity National Financial from $51.00 to $54.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Finally, Zacks Research upgraded Fidelity National Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 26th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $56.00.

Fidelity National Financial Stock Performance

The stock has a market capitalization of $10.88 billion, a P/E ratio of 14.32, a P/E/G ratio of 0.61 and a beta of 0.93. The company’s 50-day moving average is $47.26 and its two-hundred day moving average is $47.83. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50.

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

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Wednesday, September 16th. Fidelity National Financial’s dividend payout ratio is 73.50%.

Institutional Trading of Fidelity National Financial

Several hedge funds have recently added to or reduced their stakes in FNF. Norges Bank acquired a new stake in shares of Fidelity National Financial during the 4th quarter valued at $181,017,000. Bank of New York Mellon Corp acquired a new position in shares of Fidelity National Financial in the 2nd quarter valued at $112,882,000. Dimensional Fund Advisors LP increased its stake in Fidelity National Financial by 30.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,210,824 shares of the financial services provider’s stock worth $195,287,000 after purchasing an additional 973,891 shares in the last quarter. Hsbc Holdings PLC increased its stake in Fidelity National Financial by 70.3% in the 1st quarter. Hsbc Holdings PLC now owns 896,177 shares of the financial services provider’s stock worth $41,524,000 after purchasing an additional 369,908 shares in the last quarter. Finally, Squarepoint Ops LLC raised its holdings in Fidelity National Financial by 74.4% during the 2nd quarter. Squarepoint Ops LLC now owns 688,380 shares of the financial services provider’s stock worth $32,464,000 after buying an additional 293,761 shares during the period. Institutional investors own 81.17% of the company’s stock.

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.