Fidelity National Financial, Inc. (NYSE:FNF – Get Free Report) announced a quarterly dividend on Thursday, August 6th. Shareholders of record on Wednesday, September 16th will be paid a dividend of 0.52 per share by the financial services provider on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 16th.
Fidelity National Financial has raised its dividend payment by an average of 0.3%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Fidelity National Financial has a dividend payout ratio of 31.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Fidelity National Financial to earn $5.95 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 35.0%.
Fidelity National Financial Price Performance
Shares of FNF stock traded up $1.46 during trading hours on Thursday, hitting $52.56. 2,059,138 shares of the company’s stock were exchanged, compared to its average volume of 1,758,661. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. The firm has a market cap of $14.15 billion, a P/E ratio of 19.21, a P/E/G ratio of 0.77 and a beta of 0.95. The firm has a 50 day moving average of $48.89 and a two-hundred day moving average of $49.95. Fidelity National Financial has a fifty-two week low of $42.78 and a fifty-two week high of $61.40.
Analyst Ratings Changes
Several equities research analysts have commented on the company. National Bank Financial set a $51.00 target price on Fidelity National Financial in a report on Tuesday, July 7th. Stephens cut their target price on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. Zacks Research lowered Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Barclays boosted their price target on shares of Fidelity National Financial from $50.00 to $51.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $56.00.
Read Our Latest Report on Fidelity National Financial
About Fidelity National Financial
Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.
FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.
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