NYSE:FNF

Stock Analysis Report

Fidelity National Financial

Executive Summary

Fidelity National Financial, Inc., together with its subsidiaries, provides various insurance products in the United States.


Snowflake Analysis

Solid track record, good value and pays a dividend.


Similar Companies

Share Price & News

How has Fidelity National Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FNF has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.9%

FNF

-6.2%

US Insurance

-7.4%

US Market


1 Year Return

21.2%

FNF

10.2%

US Insurance

10.5%

US Market

Return vs Industry: FNF exceeded the US Insurance industry which returned 10.2% over the past year.

Return vs Market: FNF exceeded the US Market which returned 10.5% over the past year.


Shareholder returns

FNFIndustryMarket
7 Day-3.9%-6.2%-7.4%
30 Day-13.1%-1.6%-3.6%
90 Day-11.5%-1.5%-0.6%
1 Year25.0%21.2%12.9%10.2%12.8%10.5%
3 Year67.5%10.8%25.5%15.8%37.4%28.6%
5 Year87.8%18.4%63.3%43.7%61.3%43.6%

Price Volatility Vs. Market

How volatile is Fidelity National Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Fidelity National Financial undervalued compared to its fair value and its price relative to the market?

22.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FNF ($42.24) is trading below our estimate of fair value ($54.28)

Significantly Below Fair Value: FNF is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FNF is good value based on its PE Ratio (10.9x) compared to the Insurance industry average (12.5x).

PE vs Market: FNF is good value based on its PE Ratio (10.9x) compared to the US market (17.2x).


Price to Earnings Growth Ratio

PEG Ratio: FNF's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: FNF is overvalued based on its PB Ratio (2.2x) compared to the US Insurance industry average (1.1x).


Next Steps

Future Growth

How is Fidelity National Financial forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-13.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FNF's earnings are forecast to decline over the next 3 years (-13.2% per year).

Earnings vs Market: FNF's earnings are forecast to decline over the next 3 years (-13.2% per year).

High Growth Earnings: FNF's earnings are forecast to decline over the next 3 years.

Revenue vs Market: FNF's revenue is expected to decline over the next 3 years (-2.5% per year).

High Growth Revenue: FNF's revenue is forecast to decline over the next 3 years (-2.5% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FNF's Return on Equity is forecast to be low in 3 years time (16%).


Next Steps

Past Performance

How has Fidelity National Financial performed over the past 5 years?

6.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FNF has high quality earnings.

Growing Profit Margin: FNF's current net profit margins (12.5%) are higher than last year (8.3%).


Past Earnings Growth Analysis

Earnings Trend: FNF's earnings have grown by 6.8% per year over the past 5 years.

Accelerating Growth: FNF's earnings growth over the past year (69.1%) exceeds its 5-year average (6.8% per year).

Earnings vs Industry: FNF earnings growth over the past year (69.1%) exceeded the Insurance industry 34.8%.


Return on Equity

High ROE: FNF's Return on Equity (18.8%) is considered low.


Next Steps

Financial Health

How is Fidelity National Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: FNF has a low level of unsold assets or inventory.

Debt Coverage by Assets: FNF's debt is covered by short term assets (assets are 3.6x debt).


Financial Institutions Analysis

Asset Level: FNF's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if FNF has a sufficient allowance for bad loans.

Low Risk Liabilities: FNF reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if FNF has an acceptable proportion of non-loan assets held.

Low Risk Deposits: FNF has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if FNF has an appropriate level of bad loans.


Next Steps

Dividend

What is Fidelity National Financial's current dividend yield, its reliability and sustainability?

3.13%

Current Dividend Yield


Upcoming Dividend Payment

TodayFeb 26 2020Ex Dividend DateMar 16 2020Dividend Pay DateMar 31 202015 days from Ex DividendBuy in the next 18 days to receive upcoming dividend

Dividend Yield vs Market

Notable Dividend: FNF's dividend (3.13%) is higher than the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: FNF's dividend (3.13%) is low compared to the top 25% of dividend payers in the US market (3.9%).


Stability and Growth of Payments

Stable Dividend: FNF's dividend payments have been volatile in the past 10 years.

Growing Dividend: FNF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32.4%), FNF's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FNF's dividends in 3 years are forecast to be well covered by earnings (39.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.4yrs

Average management tenure


CEO

Randy Quirk (72yo)

6.2yrs

Tenure

US$9,078,683

Compensation

Mr. Raymond Randall Quirk, also known as Randy, has been the Chief Executive Officer of Fidelity National Financial, Inc. since December 7, 2013 and served as its President from April 2008 to December 7, 2 ...


CEO Compensation Analysis

Compensation vs Market: Randy's total compensation ($USD9.08M) is about average for companies of similar size in the US market ($USD10.82M).

Compensation vs Earnings: Randy's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Raymond Quirk
CEO & Director6.2yrsUS$9.08m0.65% $76.2m
Michael Nolan
President4.1yrsUS$4.23m0.088% $10.2m
Anthony Park
Executive VP & CFO14.3yrsUS$2.96m0.14% $16.1m
Roger Jewkes
Chief Operating Officer4.4yrsUS$4.11m0.23% $26.7m
Peter Sadowski
Executive VP & Chief Legal Officer11.3yrsUS$2.58m0.081% $9.4m
Paul Perez
Chief Compliance Officer1.1yrsno datano data
Bradley Ono
Assistant Vice President of Sales & Client Development2.4yrsno datano data
Karen Harper
Vice President of Human Resource0yrsno datano data
Erika Meindhardt
Executive Vice President1.1yrsUS$2.64mno data
Sherwood Girion
Senior Vice President of Government Relations8.6yrsno datano data

4.4yrs

Average Tenure

60yo

Average Age

Experienced Management: FNF's management team is considered experienced (4.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Raymond Quirk
CEO & Director6.2yrsUS$9.08m0.65% $76.2m
Thomas Hagerty
Independent Director15.1yrsUS$310.88k0.080% $9.3m
William Foley
Non-Executive Chairman36.1yrsUS$1.72m2.16% $251.1m
Daniel Lane
Independent Director15.1yrsUS$325.88k0.099% $11.5m
Cary Thompson
Independent Director15.1yrsUS$325.88k0.026% $3.0m
Richard Massey
Lead Independent Director6.1yrsUS$346.49k0.057% $6.7m
John Rood
Independent Director6.8yrsUS$348.38k0.030% $3.5m
Douglas Ammerman
Independent Director14.6yrsUS$410.88k0.038% $4.4m
Peter Shea
Independent Director13.8yrsUS$330.88k0.055% $6.4m
Heather Murren
Independent Director2.8yrsUS$322.22k0.0080% $933.7k

14.2yrs

Average Tenure

63.5yo

Average Age

Experienced Board: FNF's board of directors are seasoned and experienced ( 14.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Fidelity National Financial, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fidelity National Financial, Inc.
  • Ticker: FNF
  • Exchange: NYSE
  • Founded: 1847
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: US$11.642b
  • Shares outstanding: 275.61m
  • Website: https://www.fnf.com

Number of Employees


Location

  • Fidelity National Financial, Inc.
  • 601 Riverside Avenue
  • Jacksonville
  • Florida
  • 32204
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FNFNYSE (New York Stock Exchange)YesFNF Group Common StockUSUSDOct 2005

Biography

Fidelity National Financial, Inc., together with its subsidiaries, provides various insurance products in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance. The company also provides technology, and transaction services to the real estate and mortgage industries; and mortgage transaction services, including title-related services and facilitation of production and management of mortgage loans. In addition, it engages in real estate brokerage business. Fidelity National Financial, Inc. was founded in 1847 and is headquartered in Jacksonville, Florida. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 02:07
End of Day Share Price2020/02/25 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.