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

Average dividend payer with acceptable track record.


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

1.5%

FNF

-1.2%

US Insurance

0.07%

US Market


1 Year Return

37.9%

FNF

15.3%

US Insurance

8.9%

US Market

Return vs Industry: FNF exceeded the US Insurance industry which returned 15.3% over the past year.

Return vs Market: FNF exceeded the US Market which returned 8.9% over the past year.


Shareholder returns

FNFIndustryMarket
7 Day1.5%-1.2%0.07%
30 Day4.0%-2.8%-0.3%
90 Day6.0%-3.7%-1.6%
1 Year42.5%37.9%18.2%15.3%11.3%8.9%
3 Year89.5%25.3%44.2%33.1%46.3%36.8%
5 Year145.1%54.6%66.2%46.3%62.1%44.3%

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?

24.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FNF ($45.41) is trading below our estimate of fair value ($60.01)

Significantly Below Fair Value: FNF is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: FNF is poor value based on its PE Ratio (16.5x) compared to the Insurance industry average (15.8x).

PE vs Market: FNF is good value based on its PE Ratio (16.5x) compared to the US market (17.8x).


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 (2.5x) compared to the US Insurance industry average (1.2x).


Next Steps

Future Growth

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

-5.0%

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 (-5% per year).

Earnings vs Market: FNF's earnings are forecast to decline over the next 3 years (-5% per year).

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

Revenue vs Market: FNF's revenue (1.3% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: FNF's revenue (1.3% per year) is forecast to grow slower than 20% 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 (17.7%).


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

Earnings Trend: FNF's earnings have grown by 9% per year over the past 5 years.

Accelerating Growth: FNF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FNF had negative earnings growth (-0.5%) over the past year, making it difficult to compare to the Insurance industry average (2%).


Return on Equity

High ROE: FNF's Return on Equity (14.3%) is considered low.


Return on Assets

ROA vs Industry: FNF has a higher Return on Assets than the Insurance industry average last year.


Return on Capital Employed

ROCE Improving: FNF has significantly improved its Return on Capital Employed over the past 3 years.


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 3.224340x 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?

2.73%

Current Dividend Yield


Dividend Yield vs Market

company2.7%marketbottom25%1.4%markettop25%3.7%industryaverage2.4%forecastin3Years2.9%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: FNF's dividend (2.73%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: FNF's dividend (2.73%) is low compared to the top 25% of dividend payers in the US market (3.68%).

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 (44.3%), 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 (41.5% payout ratio).


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?

4.1yrs

Average management tenure


CEO

Randy Quirk (72yo)

5.8yrs

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 ($USD9.08M) is about average for companies of similar size in the US market ($USD11.18M).

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


Management Age and Tenure

4.1yrs

Average Tenure

59.5yo

Average Age

Experienced Management: FNF's management team is considered experienced (4.1 years average tenure).


Board Age and Tenure

13.9yrs

Average Tenure

63.5yo

Average Age

Experienced Board: FNF's board of directors are seasoned and experienced ( 13.9 years average tenure).


Insider Trading

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


Recent Insider Transactions

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

Ownership Breakdown


Management Team

  • Randy Quirk (72yo)

    CEO & Director

    • Tenure: 5.8yrs
    • Compensation: US$9.08m
  • Peter Sadowski (64yo)

    Executive VP & Chief Legal Officer

    • Tenure: 11yrs
    • Compensation: US$2.58m
  • Brent Bickett (54yo)

    Executive Vice President of Corporate Strategy

    • Tenure: 3.8yrs
    • Compensation: US$3.59m
  • Mike Gravelle (57yo)

    Executive VP

    • Tenure: 9.8yrs
    • Compensation: US$3.34m
  • Roger Jewkes (60yo)

    Chief Operating Officer

    • Tenure: 4.1yrs
    • Compensation: US$4.11m
  • Tony Park (52yo)

    Executive VP & CFO

    • Tenure: 14yrs
    • Compensation: US$2.96m
  • Paul Perez (64yo)

    Chief Compliance Officer

    • Tenure: 0.8yrs
  • Karen Harper

    Vice President of Human Resource

    • Tenure: 0yrs
  • Mike Nolan (59yo)

    President

    • Tenure: 3.8yrs
    • Compensation: US$4.23m
  • Bradley Ono

    Assistant Vice President of Sales & Client Development

    • Tenure: 2.1yrs

Board Members

  • Tom Hagerty (57yo)

    Independent Director

    • Tenure: 14.8yrs
    • Compensation: US$310.88k
  • Randy Quirk (72yo)

    CEO & Director

    • Tenure: 5.8yrs
    • Compensation: US$9.08m
  • Bill Foley (74yo)

    Non-Executive Chairman

    • Tenure: 35.8yrs
    • Compensation: US$1.72m
  • Ron Lane (84yo)

    Independent Director

    • Tenure: 14.8yrs
    • Compensation: US$325.88k
  • Cary Thompson (62yo)

    Independent Director

    • Tenure: 14.8yrs
    • Compensation: US$325.88k
  • Rick Massey (63yo)

    Lead Independent Director

    • Tenure: 5.8yrs
    • Compensation: US$346.49k
  • John Rood (64yo)

    Independent Director

    • Tenure: 6.4yrs
    • Compensation: US$348.38k
  • Doug Ammerman (67yo)

    Independent Director

    • Tenure: 14.3yrs
    • Compensation: US$410.88k
  • Peter Shea (52yo)

    Independent Director

    • Tenure: 13.5yrs
    • Compensation: US$330.88k
  • Heather Murren (52yo)

    Independent Director

    • Tenure: 2.4yrs
    • Compensation: US$322.22k

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$12.460b
  • Shares outstanding: 274.39m
  • 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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 00:33
End of Day Share Price2019/10/22 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.