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

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have been assigned a consensus recommendation of “Hold” from the five analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $56.25.

A number of equities analysts have issued reports on the stock. Stephens cut their price objective on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Weiss Ratings downgraded shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Keefe, Bruyette & Woods decreased their price target on Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. National Bank Financial set a $50.00 price target on Fidelity National Financial in a research report on Monday, May 11th. Finally, Zacks Research cut shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $47.37 on Friday. The firm has a market capitalization of $12.75 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 0.67 and a beta of 0.96. The firm has a fifty day simple moving average of $48.46 and a two-hundred day simple moving average of $52.15. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. Fidelity National Financial has a 12 month low of $42.78 and a 12 month high of $61.40.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.16). The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.Fidelity National Financial’s revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 earnings per share. Analysts forecast that Fidelity National Financial will post 5.29 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 75.91%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FNF. Canton Hathaway LLC purchased a new stake in shares of Fidelity National Financial during the fourth quarter valued at approximately $26,000. Commonwealth Retirement Investments LLC purchased a new position in shares of Fidelity National Financial during the fourth quarter valued at about $28,000. Atlantic Union Bankshares Corp increased its position in shares of Fidelity National Financial by 997.7% during the third quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider’s stock valued at $29,000 after buying an additional 429 shares during the period. Headlands Technologies LLC purchased a new position in Fidelity National Financial during the second quarter valued at $32,000. Finally, Cary Street Partners Investment Advisory LLC lifted its position in Fidelity National Financial by 57.2% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock valued at $53,000 after buying an additional 353 shares during the period. 81.17% of the stock is currently owned by institutional investors.

About Fidelity National Financial

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.