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

Fundamentals

Flawless balance sheet average dividend payer.


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


Market Performance


7 Day Return

0.4%

NYSE:FNF

-1.5%

US Insurance

-1.0%

US Market


1 Year Return

10.7%

NYSE:FNF

8.4%

US Insurance

-0.4%

US Market

FNF outperformed the Insurance industry which returned 8.4% over the past year.

FNF outperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

FNFIndustryMarket
7 Day0.4%-1.5%-1.0%
30 Day3.6%-3.1%-3.3%
90 Day11.9%2.3%0.8%
1 Year14.5%10.7%11.0%8.4%1.9%-0.4%
3 Year81.1%19.9%44.7%33.9%39.4%30.4%
5 Year146.8%55.8%66.5%46.8%54.2%37.1%

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 based on future cash flows and its price relative to the stock market?

24%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Fidelity National Financial's share price is below the future cash flow value, and at a moderate discount (> 20%).

Fidelity National Financial's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Fidelity National Financial is overvalued 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

Fidelity National Financial earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

Fidelity National Financial is overvalued based on assets compared to the US Insurance industry average.


Next Steps

Future Growth

How is Fidelity National Financial expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

-4.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Fidelity National Financial's revenue is expected to grow by 1.7% yearly, however this is not considered high growth (20% yearly).

Fidelity National Financial's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Fidelity National Financial's revenue growth is positive but not above the United States of America market average.

Fidelity National Financial's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Fidelity National Financial's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Fidelity National Financial is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

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

9.0%

Historical annual earnings growth


Earnings and Revenue History


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 is negative, it can't be compared to the 5-year average.

Fidelity National Financial's 1-year earnings growth is negative, it can't be compared to the US Insurance industry average.


Return on Equity

Fidelity National Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Fidelity National Financial used its assets more efficiently than the US Insurance industry average last year based on Return on Assets.


Return on Capital Employed

Fidelity National Financial has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Fidelity National Financial's financial position?


Financial Position Analysis

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 cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Fidelity National Financial's level of debt (15.8%) 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 (47.4% vs 15.8% today).

Debt is well covered by operating cash flow (115.2%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 22.7x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 3.2x debt.


Next Steps

Dividend

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

2.94%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Fidelity National Financial before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Fidelity National Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Fidelity National Financial's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

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

Dividends paid are well covered by earnings (2.3x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).


Next Steps

Management

What is the CEO of Fidelity National Financial's salary, the management and board of directors tenure and is there insider trading?

3.8yrs

Average management tenure


CEO

Randy Quirk (72yo)

5.7yrs

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

Randy's remuneration is about average for companies of similar size in United States of America.

Randy's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.8yrs

Average Tenure

59.5yo

Average Age

The tenure for the Fidelity National Financial management team is about average.


Board Age and Tenure

13.7yrs

Average Tenure

63.5yo

Average Age

The average tenure for the Fidelity National Financial board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$975,38730 Oct 18
John Rood
EntityIndividual
Role
Member of the Board of Directors
Shares30,000
Max PriceUS$32.51
BuyUS$38,86830 Oct 18
John Rood
EntityIndividual
Role
Member of the Board of Directors
Shares1,200
Max PriceUS$32.39

Ownership Breakdown


Management Team

  • Karen Harper

    Vice President of Human Resource

  • Roger Jewkes (60yo)

    Chief Operating Officer

    • Tenure: 3.9yrs
    • Compensation: $4.11m
  • Tony Park (52yo)

    Executive VP & CFO

    • Tenure: 13.8yrs
    • Compensation: $2.96m
  • Paul Perez (64yo)

    Chief Compliance Officer

    • Tenure: 0.6yrs
  • Brent Bickett (54yo)

    Executive Vice President of Corporate Strategy

    • Tenure: 3.6yrs
    • Compensation: $3.59m
  • Randy Quirk (72yo)

    CEO & Director

    • Tenure: 5.7yrs
    • Compensation: $9.08m
  • Peter Sadowski (64yo)

    Executive VP & Chief Legal Officer

    • Tenure: 10.8yrs
    • Compensation: $2.58m
  • Bradley Ono

    Assistant Vice President of Sales & Client Development

    • Tenure: 1.9yrs
  • Mike Nolan (59yo)

    President

    • Tenure: 3.6yrs
    • Compensation: $4.23m
  • Dan Murphy (52yo)

    Senior VP & Treasurer


Board Members

  • Heather Murren (52yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: $322.22k
  • Tom Hagerty (57yo)

    Independent Director

    • Tenure: 14.6yrs
    • Compensation: $310.88k
  • John Rood (64yo)

    Director

    • Tenure: 6.3yrs
    • Compensation: $348.38k
  • Rick Massey (63yo)

    Lead Independent Director

    • Tenure: 5.6yrs
    • Compensation: $346.49k
  • Bill Foley (74yo)

    Non-Executive Chairman

    • Tenure: 35.6yrs
    • Compensation: $1.72m
  • Randy Quirk (72yo)

    CEO & Director

    • Tenure: 2.5yrs
    • Compensation: $9.08m
  • Ron Lane (84yo)

    Director

    • Tenure: 14.6yrs
    • Compensation: $325.88k
  • Doug Ammerman (67yo)

    Director

    • Tenure: 14.1yrs
    • Compensation: $410.88k
  • Peter Shea (52yo)

    Director

    • Tenure: 13.3yrs
    • Compensation: $330.88k
  • Cary Thompson (62yo)

    Director

    • Tenure: 14.6yrs
    • Compensation: $325.88k

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$12.136b
  • Shares outstanding: 274.39m
  • Website: Click here

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/18 00:40
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.