Fidelity National Financial, Inc. (NYSE:FNF) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have been assigned an average rating of “Moderate Buy” from the five ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $71.60.

FNF has been the topic of several research reports. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Barclays increased their price target on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their price objective for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Keefe, Bruyette & Woods raised Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 target price on the stock in a research report on Tuesday, April 8th. Finally, Stephens boosted their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, February 24th.

Fidelity National Financial Trading Down 0.4 %

NYSE:FNF opened at $59.92 on Tuesday. The company has a market cap of $16.48 billion, a PE ratio of 12.89 and a beta of 1.09. The business’s 50 day moving average is $61.57 and its two-hundred day moving average is $60.17. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial has a 52 week low of $46.85 and a 52 week high of $66.72.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.11. The firm had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same period last year, the business posted $0.75 earnings per share. On average, analysts predict that Fidelity National Financial will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend was Monday, March 17th. Fidelity National Financial’s dividend payout ratio (DPR) is 43.01%.

Institutional Trading of Fidelity National Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in FNF. Capital Analysts LLC acquired a new position in shares of Fidelity National Financial during the fourth quarter valued at approximately $29,000. Parkside Financial Bank & Trust increased its position in shares of Fidelity National Financial by 50.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 209 shares during the period. Kestra Investment Management LLC bought a new stake in shares of Fidelity National Financial in the 4th quarter worth $37,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Fidelity National Financial in the fourth quarter valued at $44,000. Finally, Colonial Trust Co SC boosted its stake in Fidelity National Financial by 130.1% during the fourth quarter. Colonial Trust Co SC now owns 796 shares of the financial services provider’s stock valued at $45,000 after buying an additional 450 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Company Profile

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 offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.