FG - Why Fidelity National Financial Will Weather the Coronavirus Storm
Like many companies, Fidelity National Financial (NYSE: FNF) has been hammered by the market's recent selloff. The stock was down about 42% year to date through Friday's close. But if you look past the effects of the coronavirus crisis, you'll see a company that has a lot of business momentum on its side.
The stock price has rebounded about 23% off its recent lows on the stimulus package and the Federal Reserve's decision to lower interest rates to the 0% to 0.25% range, but the title insurance provider for the real estate and mortgage industries is a very solid long-term investment.
Fidelity National is one of the largest title insurance providers in the nation. Through its title insurance underwriters -- Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title, and National Title of New York -- the company says it issues more title insurance policies than any other firm in the country.