Fidelity National Financial (NYSE:FNF) Sets New 52-Week Low – What’s Next?

Fidelity National Financial, Inc. (NYSE:FNFGet Free Report) shares reached a new 52-week low during trading on Saturday . The stock traded as low as $50.56 and last traded at $52.1970, with a volume of 3324617 shares. The stock had previously closed at $54.21.

Key Headlines Impacting Fidelity National Financial

Here are the key news stories impacting Fidelity National Financial this week:

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FNF shares. Keefe, Bruyette & Woods raised their price target on Fidelity National Financial from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Wall Street Zen lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. National Bank Financial set a $63.00 target price on shares of Fidelity National Financial in a report on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fidelity National Financial in a report on Monday, December 29th. Finally, Stephens started coverage on shares of Fidelity National Financial in a research report on Friday, November 14th. They set an “overweight” rating for the company. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $68.25.

Read Our Latest Analysis on Fidelity National Financial

Fidelity National Financial Trading Down 3.7%

The firm has a market cap of $14.68 billion, a P/E ratio of 24.56, a PEG ratio of 0.69 and a beta of 0.98. The firm’s fifty day moving average is $55.08 and its two-hundred day moving average is $57.16. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNFGet Free Report) last issued its quarterly earnings data on Thursday, February 19th. The financial services provider reported $1.41 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.10). Fidelity National Financial had a return on equity of 15.05% and a net margin of 4.17%.The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter last year, the company posted $1.34 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. Analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, March 17th. Fidelity National Financial’s dividend payout ratio is presently 50.12%.

Insider Buying and Selling

In other Fidelity National Financial news, Director Halim Dhanidina sold 6,000 shares of Fidelity National Financial stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $55.90, for a total transaction of $335,400.00. Following the sale, the director directly owned 13,186 shares of the company’s stock, valued at approximately $737,097.40. The trade was a 31.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FNF. Quent Capital LLC purchased a new position in shares of Fidelity National Financial in the 3rd quarter valued at approximately $26,000. Atlantic Union Bankshares Corp grew its stake in Fidelity National Financial by 997.7% in the third quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 429 shares during the period. Mather Group LLC. bought a new position in Fidelity National Financial in the third quarter worth $29,000. Canton Hathaway LLC purchased a new position in Fidelity National Financial during the fourth quarter valued at $26,000. Finally, Commonwealth Retirement Investments LLC purchased a new position in Fidelity National Financial during the fourth quarter valued at $28,000. Institutional investors own 81.17% of the company’s stock.

About Fidelity National Financial

(Get Free Report)

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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