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

Fidelity National Financial, Inc. (NYSE:FNF) has earned an average rating of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $71.60.

A number of analysts have recently issued reports on the stock. Stephens raised their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. Barclays raised their price objective on shares of 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 raised Fidelity National Financial from a “hold” rating to a “buy” rating and upped their target price 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 price target for the company in a report on Tuesday, April 8th. Finally, StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th.

Fidelity National Financial Price Performance

NYSE:FNF opened at $65.05 on Friday. Fidelity National Financial has a 12-month low of $47.79 and a 12-month high of $66.72. The firm has a market capitalization of $17.89 billion, a price-to-earnings ratio of 13.99 and a beta of 1.09. The stock’s 50 day moving average price is $62.83 and its two-hundred day moving average price is $60.37. 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 (NYSE:FNF) last posted its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The business had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter in the prior year, the business earned $0.75 EPS. On average, analysts anticipate that Fidelity National Financial will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.07%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 43.01%.

Institutional Trading of Fidelity National Financial

Institutional investors have recently modified their holdings of the stock. Capital Analysts LLC bought a new stake in Fidelity National Financial during the fourth quarter worth about $29,000. Opal Wealth Advisors LLC acquired a new stake in shares of Fidelity National Financial during the 1st quarter worth approximately $32,000. Parkside Financial Bank & Trust increased its stake in Fidelity National Financial by 50.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 209 shares during the last quarter. Synergy Investment Management LLC acquired a new position in Fidelity National Financial during the first quarter valued at approximately $36,000. Finally, Kestra Investment Management LLC bought a new stake in Fidelity National Financial during the fourth quarter worth $37,000. 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.