Fidelity National Financial
Fidelity National Financial, Inc., together with its subsidiaries, provides various insurance products in the United States. The last earnings update was 59 days ago. More info.
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FNF Share Price and Events
7 Day Returns
1 Year Returns
FNF Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Fidelity National Financial (FNF) | 0.3% | 13.1% | 13% | 2.3% | 19.1% | 23.4% |
| US Insurance | 3.7% | 3.1% | 9.9% | 4% | 30.9% | 44.5% |
| US Market | 0.8% | 2.6% | 10.6% | 5.9% | 37.7% | 45.5% |
1 Year Return vs Industry and Market
- FNF underperformed the Insurance industry which returned 4% over the past year.
- FNF underperformed the Market in United States of America which returned 5.9% over the past year.
FNF Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Fidelity National Financial
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Fidelity National Financial.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity = $18.18 * 8.8% |
$1.60 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 3 analysts. | $18.18 |
| Discount Rate (Cost of Equity) | See below | 7.8% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Insurance Unlevered Beta | Simply Wall St/ S&P Global | 0.74 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.739 (1 + (1- 21%) (7.8%)) |
0.856 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.86 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.856 * 5.96%) |
7.83% |
Discounted Cash Flow Calculation for NYSE:FNF using Excess Returns Model Model
The calculations below outline how an intrinsic value for Fidelity National Financial is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (8.8% – 7.83%) * $18.18) |
$0.18 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $0.18 / (7.83% - 2.73%) |
$3.52 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $18.18 + $3.52 |
$21.69 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $21.69 |
| Current discount | Discount to share price of
$38.92
= -1 x ($38.92 - $21.69) / $21.69 |
-79.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Fidelity National Financial is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Fidelity National Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Fidelity National Financial's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $2.30 |
| NYSE:FNF Share Price ** | NYSE (2019-04-18) in USD | $38.92 |
| United States of America Insurance Industry PE Ratio | Median Figure of 86 Publicly-Listed Insurance Companies | 18.07x |
| United States of America Market PE Ratio | Median Figure of 3,078 Publicly-Listed Companies | 18.23x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Fidelity National Financial.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:FNF Share Price ÷ EPS (both in USD) = 38.92 ÷ 2.30 |
16.92x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Fidelity National Financial is good value based on earnings compared to the US Insurance industry average.
- Fidelity National Financial is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Fidelity National Financial's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 16.92x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts |
5.9%per year |
| United States of America Insurance Industry PEG Ratio | Median Figure of 66 Publicly-Listed Insurance Companies | 1.26x |
| United States of America Market PEG Ratio | Median Figure of 2,108 Publicly-Listed Companies | 1.56x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 16.92x ÷ 5.9% |
2.84x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Fidelity National Financial is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Fidelity National Financial's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $16.81 |
| NYSE:FNF Share Price * | NYSE (2019-04-18) in USD | $38.92 |
| United States of America Insurance Industry PB Ratio | Median Figure of 117 Publicly-Listed Insurance Companies | 1.23x |
| United States of America Market PB Ratio | Median Figure of 5,172 Publicly-Listed Companies | 1.93x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:FNF Share Price ÷ Book Value per Share (both in USD) = 38.92 ÷ 16.81 |
2.31x |
* Primary Listing of Fidelity National Financial.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Fidelity National Financial is overvalued based on assets compared to the US Insurance industry average.
Value checks
We assess Fidelity National Financial's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check) Fidelity National Financial has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
FNF Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Fidelity National Financial's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Fidelity National Financial's earnings growth is positive but not above the United States of America market average.
- Fidelity National Financial's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:FNF Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts | 5.9% |
| NYSE:FNF Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts | 1.2% |
| United States of America Insurance Industry Earnings Growth Rate | Market Cap Weighted Average | 17.2% |
| United States of America Insurance Industry Revenue Growth Rate | Market Cap Weighted Average | 3.3% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 8,149 | 762 | 1 | |
| 2020-12-31 | 7,622 | 954 | 707 | 5 |
| 2019-12-31 | 7,491 | 886 | 674 | 5 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 7,592 | 943 | 628 |
| 2018-09-30 | 7,875 | 845 | 840 |
| 2018-06-30 | 7,777 | 796 | 756 |
| 2018-03-31 | 7,711 | 751 | 554 |
| 2017-12-31 | 7,668 | 737 | 507 |
| 2017-09-30 | 6,623 | 980 | 466 |
| 2017-06-30 | 6,903 | 1,079 | 460 |
| 2017-03-31 | 6,857 | 1,074 | 561 |
| 2016-12-31 | 7,260 | 1,162 | 584 |
| 2016-09-30 | 8,614 | 1,023 | 513 |
| 2016-06-30 | 8,739 | 936 | 517 |
| 2016-03-31 | 9,127 | 1,002 | 527 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
All data from Fidelity National Financial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 3.03 | 3.03 | 3.03 | 1.00 |
| 2020-12-31 | 2.68 | 2.91 | 2.48 | 5.00 |
| 2019-12-31 | 2.46 | 2.59 | 2.34 | 5.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 2.30 |
| 2018-09-30 | 3.08 |
| 2018-06-30 | 2.78 |
| 2018-03-31 | 2.04 |
| 2017-12-31 | 1.87 |
| 2017-09-30 | 1.72 |
| 2017-06-30 | 1.70 |
| 2017-03-31 | 2.07 |
| 2016-12-31 | 2.15 |
| 2016-09-30 | 1.88 |
| 2016-06-30 | 1.89 |
| 2016-03-31 | 1.91 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Fidelity National Financial is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Fidelity National Financial's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Fidelity National Financial has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
FNF Past Performance
How has Fidelity National Financial performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Fidelity National Financial's year on year earnings growth rate has been positive over the past 5 years.
- Fidelity National Financial's 1-year earnings growth exceeds its 5-year average (23.9% vs 10.6%)
- Fidelity National Financial's earnings growth has exceeded the US Insurance industry average in the past year (23.9% vs -6.1%).
Earnings and Revenue History
All data from Fidelity National Financial Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 7,592.00 | 628.00 | 2,538.00 | |
| 2018-09-30 | 7,875.00 | 840.00 | 2,564.00 | |
| 2018-06-30 | 7,777.00 | 756.00 | 2,537.00 | |
| 2018-03-31 | 7,711.00 | 554.00 | 2,498.00 | |
| 2017-12-31 | 7,668.00 | 507.00 | 2,460.00 | |
| 2017-09-30 | 6,623.00 | 466.00 | 2,297.00 | |
| 2017-06-30 | 6,903.00 | 460.00 | 2,300.00 | |
| 2017-03-31 | 6,857.00 | 561.00 | 2,192.00 | |
| 2016-12-31 | 7,260.00 | 584.00 | 2,275.00 | |
| 2016-09-30 | 8,614.00 | 513.00 | 2,478.00 | |
| 2016-06-30 | 8,739.00 | 517.00 | 2,528.00 | |
| 2016-03-31 | 9,127.00 | 527.00 | 2,700.00 | |
| 2015-12-31 | 6,648.00 | 480.00 | 2,137.00 | |
| 2015-09-30 | 8,957.00 | 780.00 | 2,595.00 | |
| 2015-06-30 | 8,658.00 | 757.00 | 2,541.00 | |
| 2015-03-31 | 8,313.00 | 691.00 | 2,464.00 | |
| 2014-12-31 | 8,038.00 | 576.00 | 2,540.00 | |
| 2014-09-30 | 6,881.00 | 246.00 | 2,345.00 | |
| 2014-06-30 | 6,962.00 | 213.00 | 2,265.00 | |
| 2014-03-31 | 7,185.00 | 260.00 | 2,198.00 | |
| 2013-12-31 | 7,441.00 | 378.00 | 2,061.00 | |
| 2013-09-30 | 8,722.00 | 475.00 | 2,302.00 | |
| 2013-06-30 | 8,581.00 | 616.00 | 2,226.00 | |
| 2013-03-31 | 8,026.00 | 615.00 | 2,127.00 | |
| 2012-12-31 | 6,626.00 | 509.00 | 1,834.00 | |
| 2012-09-30 | 6,212.90 | 533.40 | 1,852.20 | |
| 2012-06-30 | 5,381.00 | 372.20 | 1,779.20 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Fidelity National Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Fidelity National Financial used its assets more efficiently than the US Insurance industry average last year based on Return on Assets.
- Fidelity National Financial has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Fidelity National Financial's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Fidelity National Financial has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
FNF Health
How is Fidelity National Financial's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Fidelity National Financial's finances.
The net worth of a company is the difference between its assets and liabilities.
- Fidelity National Financial is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Fidelity National Financial's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 2.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Fidelity National Financial Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 4,972.00 | 836.00 | 1,317.00 |
| 2018-09-30 | 5,032.00 | 836.00 | 1,271.00 |
| 2018-06-30 | 4,973.00 | 734.00 | 1,082.00 |
| 2018-03-31 | 4,823.00 | 748.00 | 884.00 |
| 2017-12-31 | 4,811.00 | 759.00 | 927.00 |
| 2017-09-30 | 5,713.00 | 890.00 | 1,249.00 |
| 2017-06-30 | 7,263.00 | 2,438.00 | 1,417.00 |
| 2017-03-31 | 7,234.00 | 2,722.00 | 1,249.00 |
| 2016-12-31 | 7,242.00 | 987.00 | 988.00 |
| 2016-09-30 | 7,108.00 | 2,754.00 | 979.00 |
| 2016-06-30 | 7,013.00 | 2,785.00 | 1,031.00 |
| 2016-03-31 | 6,919.00 | 2,742.00 | 1,125.00 |
| 2015-12-31 | 6,932.00 | 2,793.00 | 1,440.00 |
| 2015-09-30 | 6,949.00 | 2,811.00 | 1,282.00 |
| 2015-06-30 | 7,111.00 | 2,829.00 | 1,271.00 |
| 2015-03-31 | 6,631.00 | 2,906.00 | 575.00 |
| 2014-12-31 | 6,788.00 | 2,803.00 | 752.00 |
| 2014-09-30 | 7,041.00 | 3,242.00 | 836.00 |
| 2014-06-30 | 7,056.00 | 3,345.00 | 784.00 |
| 2014-03-31 | 6,963.00 | 3,345.00 | 779.00 |
| 2013-12-31 | 5,535.00 | 1,323.00 | 1,656.00 |
| 2013-09-30 | 4,940.00 | 1,349.00 | 972.00 |
| 2013-06-30 | 4,834.00 | 1,346.00 | 924.00 |
| 2013-03-31 | 4,773.00 | 1,356.00 | 762.00 |
| 2012-12-31 | 4,749.00 | 1,346.00 | 928.00 |
| 2012-09-30 | 4,616.20 | 1,353.50 | 861.30 |
| 2012-06-30 | 4,052.80 | 952.40 | 666.80 |
- Fidelity National Financial's level of debt (16.8%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (24.2% vs 16.8% today).
- Debt is well covered by operating cash flow (112.8%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 18.4x coverage).
Financial health checks
We assess Fidelity National Financial's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Fidelity National Financial has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
FNF Dividends
What is Fidelity National Financial's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Fidelity National Financial
shares you are expected to receive
$64
in your first year as a dividend.
Dividend Amount
- Fidelity National Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
- Fidelity National Financial's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| United States of America Insurance Industry Average Dividend Yield | Market Cap Weighted Average of 79 Stocks | 2.4% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2009 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 1.36 | 1.00 |
| 2020-12-31 | 1.29 | 3.00 |
| 2019-12-31 | 1.24 | 3.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-13 | 1.240 | 3.431 |
| 2018-10-24 | 1.200 | 3.627 |
| 2018-07-17 | 1.200 | 3.075 |
| 2018-05-02 | 1.200 | 3.183 |
| 2017-10-25 | 1.080 | 2.762 |
| 2017-07-19 | 1.000 | 2.302 |
| 2017-05-03 | 1.000 | 2.324 |
| 2017-02-01 | 1.000 | 2.609 |
| 2016-11-03 | 1.000 | 2.963 |
| 2016-07-20 | 0.840 | 2.272 |
| 2016-04-27 | 0.840 | 2.414 |
| 2016-02-04 | 0.840 | 2.588 |
| 2015-10-27 | 0.840 | 2.474 |
| 2015-07-20 | 0.840 | 2.267 |
| 2015-05-01 | 0.760 | 2.031 |
| 2015-01-27 | 0.760 | 2.070 |
| 2014-10-28 | 0.760 | 2.327 |
| 2014-08-01 | 0.720 | 2.580 |
| 2014-07-30 | 0.720 | 2.652 |
| 2014-01-28 | 0.720 | 2.290 |
| 2013-10-23 | 0.720 | 2.441 |
| 2013-07-22 | 0.640 | 2.539 |
| 2013-04-24 | 0.640 | 2.573 |
| 2013-01-30 | 0.640 | 2.525 |
| 2012-11-01 | 0.640 | 2.686 |
| 2012-07-16 | 0.560 | 2.794 |
| 2012-04-24 | 0.560 | 2.932 |
| 2012-02-08 | 0.560 | 3.140 |
| 2011-10-19 | 0.480 | 2.989 |
| 2011-07-18 | 0.480 | 3.021 |
| 2011-04-21 | 0.480 | 3.099 |
| 2011-01-27 | 0.480 | 3.402 |
| 2010-10-20 | 0.720 | 5.267 |
| 2010-07-19 | 0.720 | 4.887 |
| 2010-04-21 | 0.720 | 5.114 |
| 2010-02-03 | 0.600 | 4.168 |
| 2009-10-21 | 0.600 | 4.395 |
| 2009-07-21 | 0.600 | 3.978 |
| 2009-04-22 | 0.600 | 4.220 |
| 2009-04-20 | 0.600 | 3.051 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Fidelity National Financial's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.9x coverage).
- Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
Income/ dividend checks
We assess Fidelity National Financial's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Fidelity National Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Fidelity National Financial has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
FNF Management
CEO
| COMPENSATION | $8,961,216 |
| AGE | 71 |
| TENURE AS CEO | 5.3 years |
CEO Bio
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, 2013. Mr. Quirk served as Co-President of Fidelity National Financial Inc. from May 2007 to April 2008 and also as its Co-Chief Operating Officer from October 2006 to May 2007. He served as the President of Fidelity National Financial Inc. from January 2003 to February 2006. He served as President of old FNF since 2002 until October 2005 when he was named its Chief Executive Officer. He joined old FNF in 1985. He served as the Chief Executive Officer of Fidelity National Title Group, Inc. He was responsible for the Direct and Agency operations of five leading title insurance underwriters: Fidelity National Title, Chicago Title, Ticor Title, Security Union Title Commonwealth Land Title, Lawyers Title and Alamo Title. In addition, he was responsible for ServiceLink, a leading provider of centralized title and closing services to national lenders. Mr. Quirk has served in numerous executive and management positions in FNF, including Executive Vice President and Division Manager and Regional Manager, with responsibilities for managing direct and agency operations nationally. He has been a Director of J. Alexander's Holdings, Inc. since September 14, 2015. He has been a Director of Fidelity National Financial, Inc. since February 2, 2017.
CEO Compensation
- Randy's compensation has been consistent with company performance over the past year.
- Randy's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Fidelity National Financial management team in years:
- The tenure for the Fidelity National Financial management team is about average.
Management Team
Randy Quirk
CEO & Director
$9M
71
5.3 yrs
Mike Nolan
President
$4M
58
3.3 yrs
Tony Park
Executive VP & CFO
$3M
51
13.5 yrs
Roger Jewkes
Chief Operating Officer
$4M
59
3.6 yrs
Brent Bickett
Executive Vice President of Corporate Strategy
$7M
53
3.3 yrs
Dan Murphy
Senior VP & Treasurer
51
Peter Sadowski
Executive VP & Chief Legal Officer
$3M
63
10.5 yrs
Bradley Ono
Assistant Vice President of Sales & Client Development
1.6 yrs
Karen Harper
Vice President of Human Resource
Paul Perez
Chief Compliance Officer of Fidelity National Title Group
63
Board of Directors Tenure
Average tenure and age of the Fidelity National Financial board of directors in years:
- The average tenure for the Fidelity National Financial board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Bill Foley
Non-Executive Chairman
$29M
73
14.3 yrs
Randy Quirk
CEO & Director
$9M
71
2.2 yrs
Doug Ammerman
Director
$228K
66
13.8 yrs
Peter Shea
Director
$332K
51
13 yrs
Rick Massey
Lead Independent Director
$468K
62
5.3 yrs
Cary Thompson
Director
$332K
61
14.3 yrs
Tom Hagerty
Independent Director
$453K
56
14.3 yrs
Ron Lane
Director
$332K
83
14.3 yrs
John Rood
Director
$405K
63
5.9 yrs
Heather Murren
Director
$397K
51
1.9 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 30. Oct 18 | Buy | John Rood | Individual | 26. Oct 18 | 26. Oct 18 | 30,000 | $32.51 | $975,387 | ||
| 30. Oct 18 | Buy | John Rood | Individual | 26. Oct 18 | 26. Oct 18 | 1,200 | $32.39 | $38,868 | ||
| 30. Jul 18 | Sell | Brent Bickett | Individual | 27. Jul 18 | 27. Jul 18 | -50,000 | $40.68 | $-2,034,150 | ||
| 25. Jun 18 | Sell | Anthony Park | Individual | 21. Jun 18 | 21. Jun 18 | -55,779 | $36.99 | $-2,063,265 | ||
Management checks
We assess Fidelity National Financial's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Fidelity National Financial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
FNF News
Simply Wall St News
Do You Know What Fidelity National Financial, Inc.'s (NYSE:FNF) P/E Ratio Means?
We'll apply a basic P/E ratio analysis to Fidelity National Financial, Inc.'s (NYSE:FNF), to help you decide if the stock is worth further research. … Based on the last twelve months, Fidelity National Financial's P/E ratio is 17.01. … How Do I Calculate Fidelity National Financial's Price To Earnings Ratio
Simply Wall St - – Full articleFidelity National Financial, Inc. (NYSE:FNF): Will The Growth Last?
The most recent earnings update Fidelity National Financial, Inc.'s (NYSE:FNF) released in December 2018a
Simply Wall St - – Full articleWhy Fidelity National Financial, Inc. (NYSE:FNF) Could Be Your Next Investment
Attractive stocks have exceptional fundamentals. … In the case of Fidelity National Financial, Inc. … (NYSE:FNF), there's
Simply Wall St - – Full articleIs Fidelity National Financial, Inc. (NYSE:FNF) A Smart Pick For Income Investors?
Historically, Fidelity National Financial, Inc. … Let's take a look at Fidelity National Financial in more detail. … See our latest analysis for Fidelity National Financial
Simply Wall St - – Full articleFidelity National Financial, Inc.'s (NYSE:FNF) Earnings Grew 24%, Did It Beat Long-Term Trend?
After reading Fidelity National Financial, Inc.'s (NYSE:FNF) most recent earnings announcement (31 December 2018), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … I also compare against an industry benchmark to check whether Fidelity National Financial's performance has been impacted by industry movements. … See our latest analysis for Fidelity National Financial?
Simply Wall St - – Full articleWhat Are Analysts Saying About The Future Of Fidelity National Financial, Inc.'s (NYSE:FNF)?
(NYSE:FNF) announced its earnings update. … with earnings expected to grow by 7.2% in the upcoming year … the higher past 5-year average growth rate of 11%.
Simply Wall St - – Full articleSome Fidelity National Financial Shareholders Are Down 14%
(NYSE:FNF) have tasted that bitter downside in the last year, as the share price dropped 14%. … Even though the Fidelity National Financial share price is down over the year, its EPS actually improved. … However, it is certainly possible the market was expecting an uptick in revenue, and that the share price fall reflects that disappointment
Simply Wall St - – Full articleCan We See Significant Institutional Ownership On The Fidelity National Financial, Inc. (NYSE:FNF) Share Register?
Every investor in Fidelity National Financial, Inc. … Fidelity National Financial is a pretty big company. … Normally institutions would own a significant portion of a company this size.
Simply Wall St - – Full articleHow Should Investors Feel About Fidelity National Financial, Inc.'s (NYSE:FNF) CEO Pay?
In 2013 Randy Quirk was appointed CEO of Fidelity National Financial, Inc. … This analysis aims first to contrast CEO compensation with other large companies. … Check out our latest analysis for Fidelity National Financial?
Simply Wall St - – Full articleIs Fidelity National Financial, Inc.'s (NYSE:FNF) P/E Ratio Really That Good?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … Fidelity National Financial has a P/E ratio of 10.48, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleFNF Company Info
Description
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.
Details
| Name: | Fidelity National Financial, Inc. |
| FNF | |
| Exchange: | NYSE |
| Founded: | 1847 |
| $10,715,892,639 | |
| 275,331,260 | |
| Website: | http://www.fnf.com |
| Address: |
Fidelity National Financial, Inc. 601 Riverside Avenue, Jacksonville, Florida, 32204, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | FNF | FNF Group Common Stock | New York Stock Exchange | US | USD | 04. Oct 2005 |
Number of employees
Current staff
Industry
| Property and Casualty Insurance | |
| Insurance |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/19 00:42 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/16 |
| Last earnings filing: | 2019/02/19 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
