NYSE:FNF

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Fidelity National Financial

Executive Summary

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


Snowflake Analysis

Undervalued with solid track record 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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.1%

FNF

3.2%

US Insurance

-0.04%

US Market


1 Year Return

-21.3%

FNF

-9.5%

US Insurance

17.1%

US Market

Return vs Industry: FNF underperformed the US Insurance industry which returned -9.5% over the past year.

Return vs Market: FNF underperformed the US Market which returned 17.1% over the past year.


Shareholder returns

FNFIndustryMarket
7 Day0.1%3.2%-0.04%
30 Day10.9%9.0%5.1%
90 Day34.5%23.8%19.5%
1 Year-18.5%-21.3%-7.1%-9.5%19.6%17.1%
3 Year6.6%-30.1%6.2%-1.7%42.5%33.3%
5 Year37.7%-14.1%37.5%20.3%75.1%56.2%

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?

48.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FNF ($33.86) is trading below our estimate of fair value ($66.14)

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 (11.1x) compared to the US Insurance industry average (15.3x).

PE vs Market: FNF is good value based on its PE Ratio (11.1x) compared to the US market (19.1x).


Price to Earnings Growth Ratio

PEG Ratio: FNF is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: FNF is overvalued based on its PB Ratio (1.8x) compared to the US Insurance industry average (0.9x).


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?

16.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FNF's forecast earnings growth (16.8% per year) is above the savings rate (2.2%).

Earnings vs Market: FNF's earnings (16.8% per year) are forecast to grow slower than the US market (24.1% per year).

High Growth Earnings: FNF's earnings are forecast to grow, but not significantly.

Revenue vs Market: FNF's revenue (5.2% per year) is forecast to grow slower than the US market (9.4% per year).

High Growth Revenue: FNF's revenue (5.2% 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 (15.7%).


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

Quality Earnings: FNF has high quality earnings.

Growing Profit Margin: FNF's current net profit margins (9.6%) are higher than last year (9.4%).


Past Earnings Growth Analysis

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

Accelerating Growth: FNF's earnings growth over the past year (10.7%) exceeds its 5-year average (9% per year).

Earnings vs Industry: FNF earnings growth over the past year (10.7%) exceeded the Insurance industry -4%.


Return on Equity

High ROE: FNF's Return on Equity (12.8%) is considered low.


Next Steps

Financial Health

How is Fidelity National Financial's financial position?


Financial Position Analysis

Short Term Liabilities: FNF's short term assets ($2.9B) exceed its short term liabilities ($2.4B).

Long Term Liabilities: FNF's short term assets ($2.9B) do not cover its long term liabilities ($38.9B).


Debt to Equity History and Analysis

Debt Level: FNF's debt to equity ratio (10.4%) is considered satisfactory.

Reducing Debt: FNF's debt to equity ratio has reduced from 40.9% to 10.4% over the past 5 years.

Debt Coverage: FNF's debt is well covered by operating cash flow (177.2%).

Interest Coverage: FNF's interest payments on its debt are well covered by EBIT (21.1x coverage).


Balance Sheet


Next Steps

Dividend

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

3.90%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: FNF's dividend (3.9%) is higher than the bottom 25% of dividend payers in the US market (1.6%).

High Dividend: FNF's dividend (3.9%) is low compared to the top 25% of dividend payers in the US market (4.3%).


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 (42.8%), 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 (32.7% payout ratio).


Next Steps

Management

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

4.6yrs

Average management tenure


CEO

Randy Quirk (73 yo)

6.67yrs

Tenure

US$9,646,148

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 ($USD9.65M) is about average for companies of similar size in the US market ($USD11.36M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Raymond Quirk
CEO & Director6.67yrsUS$9.65m0.60%
$ 59.8m
Michael Nolan
President4.58yrsUS$4.49m0.081%
$ 8.0m
Anthony Park
Executive VP & CFO14.83yrsUS$3.11m0.13%
$ 12.7m
Roger Jewkes
Chief Operating Officer4.92yrsUS$4.31m0.20%
$ 19.9m
Peter Sadowski
Executive VP & Chief Legal Officer11.83yrsUS$3.13m0.067%
$ 6.6m
Paul Perez
Chief Compliance Officer1.58yrsno datano data
Bradley Ono
Assistant Vice President of Sales & Client Development2.92yrsno datano data
Karen Harper
Vice President of Human Resourceno datano datano data
Erika Meinhardt
Executive Vice President1.58yrsUS$2.64mno data
Sherwood Girion
Senior Vice President of Government Relations9.08yrsno datano data
Leanne Zinn
Senior Vice President of Product & Business Development3yrsno datano data
Rick Wilson
Senior Vice President of Northeast Region3yrsno datano data

4.6yrs

Average Tenure

61yo

Average Age

Experienced Management: FNF's management team is considered experienced (4.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Raymond Quirk
CEO & Director6.67yrsUS$9.65m0.60%
$ 59.8m
Thomas Hagerty
Independent Director15.58yrsUS$314.32k0.089%
$ 8.8m
William Foley
Non-Executive Chairman36.58yrsUS$1.58m2.88%
$ 284.3m
Daniel Lane
Independent Director15.58yrsUS$329.32k0.088%
$ 8.7m
Cary Thompson
Independent Director15.58yrsUS$329.32k0.024%
$ 2.3m
John Rood
Independent Director7.25yrsUS$349.32k0.033%
$ 3.3m
Douglas Ammerman
Lead Independent Director0.083yrUS$414.32k0.040%
$ 4.0m
Peter Shea
Independent Director14.33yrsUS$334.32k0.066%
$ 6.5m
Heather Murren
Independent Director3.25yrsUS$340.94k0.0074%
$ 729.3k

14.3yrs

Average Tenure

65yo

Average Age

Experienced Board: FNF's board of directors are seasoned and experienced ( 14.3 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 been diluted in the past year, with total shares outstanding growing by 6.4%.


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$9.882b
  • Shares outstanding: 291.85m
  • 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 through Title, and Corporate and Other segments. It offers ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/12 23:53
End of Day Share Price2020/08/12 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.