Fidelity National Financial, Inc. (NYSE:FNF) to Issue Dividend Increase - $0.50 Per Share

Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) declared a quarterly dividend on Thursday, November 7th,RTT News reports. Shareholders of record on Tuesday, December 17th will be given a dividend of 0.50 per share by the financial services provider on Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.38%. This is a positive change from Fidelity National Financial's previous quarterly dividend of $0.48.

Fidelity National Financial has increased its dividend by an average of 10.7% annually over the last three years and has increased its dividend every year for the last 12 years. Fidelity National Financial has a payout ratio of 31.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Fidelity National Financial to earn $5.71 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 33.6%.

Fidelity National Financial Trading Down 2.9 %

Shares of Fidelity National Financial stock traded down $1.77 during trading on Thursday, reaching $59.12. The company's stock had a trading volume of 2,398,679 shares, compared to its average volume of 1,214,738. The company has a market cap of $16.17 billion, a price-to-earnings ratio of 17.64 and a beta of 1.37. The firm's 50-day moving average is $60.27 and its two-hundred day moving average is $54.92. Fidelity National Financial has a 52-week low of $42.21 and a 52-week high of $62.97. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.11). The business had revenue of $3.60 billion for the quarter, compared to analysts' expectations of $3.32 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The business's quarterly revenue was up 29.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.23 earnings per share. On average, sell-side analysts anticipate that Fidelity National Financial will post 4.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Keefe, Bruyette & Woods lifted their price target on Fidelity National Financial from $58.00 to $63.00 and gave the stock a "market perform" rating in a research note on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a "hold" rating in a report on Wednesday, August 7th. StockNews.com lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Wednesday, July 17th. Truist Financial upped their price objective on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a "buy" rating in a research note on Wednesday, August 7th. Finally, Stephens reiterated an "overweight" rating and set a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $62.40.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the sale, the director now owns 13,206 shares of the company's stock, valued at approximately $803,585.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.20% of the company's stock.

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.