Fidelity National Financial, Inc. (NYSE:FNF) Receives $55.50 Average PT from Brokerages

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have earned an average rating of “Hold” from the five analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $56.00.

Several equities research analysts have recently issued reports on FNF shares. National Bank Financial set a $51.00 price target on Fidelity National Financial in a research report on Tuesday. Stephens lowered their target price on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Keefe, Bruyette & Woods dropped their price target on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, June 25th. Zacks Research lowered Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a research report on Thursday, June 11th.

Insider Transactions at Fidelity National Financial

In other news, EVP Peter T. Sadowski sold 69,196 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the transaction, the executive vice president owned 5,702 shares in the company, valued at approximately $260,581.40. The trade was a 92.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fidelity National Financial

Several hedge funds have recently made changes to their positions in the stock. Assenagon Asset Management S.A. bought a new position in Fidelity National Financial in the fourth quarter worth $3,585,000. Sound Income Strategies LLC increased its holdings in Fidelity National Financial by 342,784.1% in the 4th quarter. Sound Income Strategies LLC now owns 150,869 shares of the financial services provider’s stock valued at $7,976,000 after buying an additional 150,825 shares during the period. Oak Thistle LLC acquired a new position in shares of Fidelity National Financial in the 4th quarter valued at $1,439,000. Ameriflex Group Inc. raised its stake in shares of Fidelity National Financial by 99.7% in the 3rd quarter. Ameriflex Group Inc. now owns 57,338 shares of the financial services provider’s stock valued at $3,468,000 after buying an additional 28,626 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Fidelity National Financial by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,364,155 shares of the financial services provider’s stock worth $203,481,000 after acquiring an additional 56,170 shares during the period. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Up 1.4%

NYSE:FNF opened at $49.37 on Wednesday. Fidelity National Financial has a 12 month low of $42.78 and a 12 month high of $61.40. The firm has a market cap of $13.29 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 0.71 and a beta of 0.96. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. The company’s 50 day moving average is $48.32 and its 200-day moving average is $50.49.

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 the consensus estimate of $1.09 by ($0.16). The firm had revenue of $3.23 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.78 earnings per share. Equities analysts anticipate that Fidelity National Financial will post 5.24 EPS for the current year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $2.08 dividend on an annualized basis and a yield of 4.2%. Fidelity National Financial’s dividend payout ratio is 75.91%.

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.