Fidelity National Financial
Market Cap
US$11.6b
Last Updated
2020/02/26 02:07 UTC
Data Sources
Company Financials +
Executive Summary
Fidelity National Financial, Inc., together with its subsidiaries, provides various insurance products in the United States.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -13.2% per year for the next 3 years
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
| FNF | Industry | Market | |
|---|---|---|---|
| 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 Year | 25.0%21.2% | 12.9%10.2% | 12.8%10.5% |
| 3 Year | 67.5%10.8% | 25.5%15.8% | 37.4%28.6% |
| 5 Year | 87.8%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
2 days ago | Simply Wall St
Why Fidelity National Financial, Inc. (NYSE:FNF) Should Be In Your Dividend Portfolio2 weeks ago | Simply Wall St
Could The Fidelity National Financial, Inc. (NYSE:FNF) Ownership Structure Tell Us Something Useful?1 month ago | Simply Wall St
Is Fidelity National Financial, Inc.'s (NYSE:FNF) ROE Of 14% Impressive?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
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 6.2yrs | US$9.08m | 0.65% $76.2m | |
| President | 4.1yrs | US$4.23m | 0.088% $10.2m | |
| Executive VP & CFO | 14.3yrs | US$2.96m | 0.14% $16.1m | |
| Chief Operating Officer | 4.4yrs | US$4.11m | 0.23% $26.7m | |
| Executive VP & Chief Legal Officer | 11.3yrs | US$2.58m | 0.081% $9.4m | |
| Chief Compliance Officer | 1.1yrs | no data | no data | |
| Assistant Vice President of Sales & Client Development | 2.4yrs | no data | no data | |
| Vice President of Human Resource | 0yrs | no data | no data | |
| Executive Vice President | 1.1yrs | US$2.64m | no data | |
| Senior Vice President of Government Relations | 8.6yrs | no data | no data |
4.4yrs
Average Tenure
60yo
Average Age
Experienced Management: FNF's management team is considered experienced (4.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 6.2yrs | US$9.08m | 0.65% $76.2m | |
| Independent Director | 15.1yrs | US$310.88k | 0.080% $9.3m | |
| Non-Executive Chairman | 36.1yrs | US$1.72m | 2.16% $251.1m | |
| Independent Director | 15.1yrs | US$325.88k | 0.099% $11.5m | |
| Independent Director | 15.1yrs | US$325.88k | 0.026% $3.0m | |
| Lead Independent Director | 6.1yrs | US$346.49k | 0.057% $6.7m | |
| Independent Director | 6.8yrs | US$348.38k | 0.030% $3.5m | |
| Independent Director | 14.6yrs | US$410.88k | 0.038% $4.4m | |
| Independent Director | 13.8yrs | US$330.88k | 0.055% $6.4m | |
| Independent Director | 2.8yrs | US$322.22k | 0.0080% $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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FNF | NYSE (New York Stock Exchange) | Yes | FNF Group Common Stock | US | USD | Oct 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/26 02:07 |
| End of Day Share Price | 2020/02/25 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.