NYSE:FNF

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Fidelity National Financial

Market Cap

US$12.7b

Last Updated

2021/06/23 00:16 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Outstanding track record with excellent balance sheet.


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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: FNF's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-5.9%

FNF

-4.0%

US Insurance

-0.1%

US Market


1 Year Return

38.9%

FNF

34.8%

US Insurance

39.0%

US Market

Return vs Industry: FNF exceeded the US Insurance industry which returned 34.2% over the past year.

Return vs Market: FNF exceeded the US Market which returned 39% over the past year.


Shareholder returns

FNFIndustryMarket
7 Day-5.9%-4.0%-0.1%
30 Day-5.7%-4.6%2.6%
90 Day13.4%4.9%8.0%
1 Year43.9%38.9%38.2%34.8%41.2%39.0%
3 Year32.1%19.2%34.0%24.2%62.4%52.3%
5 Year99.7%23.3%82.7%60.1%132.3%106.2%

Long-Term 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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FNF ($44.65) is trading below our estimate of fair value ($90.41)

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 (6.1x) compared to the US Insurance industry average (10.1x).

PE vs Market: FNF is good value based on its PE Ratio (6.1x) compared to the US market (19.2x).


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 (1.6x) compared to the US Insurance industry average (1.1x).


Future Growth

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

-26.7%

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 (-26.7% per year).

Earnings vs Market: FNF's earnings are forecast to decline over the next 3 years (-26.7% 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 (-6% per year).

High Growth Revenue: FNF's revenue is forecast to decline over the next 3 years (-6% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FNF's Return on Equity is forecast to be high in 3 years time


Past Performance

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

24.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FNF has high quality earnings.

Growing Profit Margin: FNF's current net profit margins (17.2%) are higher than last year (9.5%).


Past Earnings Growth Analysis

Earnings Trend: FNF's earnings have grown significantly by 24.2% per year over the past 5 years.

Accelerating Growth: FNF's earnings growth over the past year (165.8%) exceeds its 5-year average (24.2% per year).

Earnings vs Industry: FNF earnings growth over the past year (165.8%) exceeded the Insurance industry 51.9%.


Return on Equity

High ROE: FNF's Return on Equity (26%) is considered high.


Financial Health

How is Fidelity National Financial's financial position?


Financial Position Analysis

Short Term Liabilities: FNF's short term assets ($9.0B) exceed its short term liabilities ($9.0B).

Long Term Liabilities: FNF's short term assets ($9.0B) do not cover its long term liabilities ($34.3B).


Debt to Equity History and Analysis

Debt Level: FNF's debt to equity ratio (30.6%) is considered satisfactory.

Reducing Debt: FNF's debt to equity ratio has reduced from 39.6% to 30.6% over the past 5 years.

Debt Coverage: FNF's debt is well covered by operating cash flow (85%).

Interest Coverage: FNF's interest payments on its debt are well covered by EBIT (25.8x coverage).


Balance Sheet


Dividend

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

3.27%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FNF's dividend (3.23%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: FNF's dividend (3.23%) is low compared to the top 25% of dividend payers in the US market (3.44%).


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 low payout ratio (18.8%), FNF's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

5.8yrs

Average management tenure


CEO

Randy Quirk (73 yo)

7.5yrs

Tenure

US$9,716,868

Compensation

Mr. Raymond Randall Quirk, also known as Randy, has been Director at FGL Holdings since June 1, 2020. He has been the Chief Executive Officer of Fidelity National Financial, Inc. since December 7, 2013 and...


CEO Compensation Analysis

Compensation vs Market: Randy's total compensation ($USD9.72M) is about average for companies of similar size in the US market ($USD11.28M).

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


Leadership Team

Experienced Management: FNF's management team is seasoned and experienced (5.8 years average tenure).


Board Members

Experienced Board: FNF's board of directors are considered experienced (8.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: FNF insiders have only sold shares in the past 3 months.


Recent Insider Transactions

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$12.733b
  • Shares outstanding: 289.05m
  • Website: https://www.fnf.com

Number of Employees


Location

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

Listings


Biography

Fidelity National Financial, Inc., together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It of...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/23 00:16
End of Day Share Price2021/06/22 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.