Fidelity National Financial, Inc. (NYSE:FNF) Stock Has Consensus Price Target of $54.25

Fidelity National Financial, Inc. (NYSE:FNF) has been given an average rating of “Hold” by the five research firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $54.25.

A number of equities analysts have issued reports on FNF shares. Zacks Research raised shares of Fidelity National Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 26th. Barclays decreased their target price on Fidelity National Financial from $54.00 to $47.00 and set an “equal weight” rating for the company in a research note on Monday, October 5th. National Bank Financial set a $54.00 target price on Fidelity National Financial in a report on Friday, August 7th. Stephens reiterated an “overweight” rating and set a $55.00 price target on shares of Fidelity National Financial in a research report on Monday, August 24th. Finally, Keefe, Bruyette & Woods cut their price target on Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating on the stock in a report on Monday, August 10th.

Hedge Funds Weigh In On Fidelity National Financial

Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in shares of Fidelity National Financial by 30.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,210,824 shares of the financial services provider’s stock worth $195,287,000 after acquiring an additional 973,891 shares during the period. Bank of New York Mellon Corp lifted its position in Fidelity National Financial by 0.5% in the 1st quarter. Bank of New York Mellon Corp now owns 2,529,383 shares of the financial services provider’s stock valued at $117,313,000 after purchasing an additional 13,147 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Fidelity National Financial by 12.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,345,756 shares of the financial services provider’s stock valued at $62,416,000 after purchasing an additional 144,966 shares during the period. First Trust Advisors LP boosted its stake in Fidelity National Financial by 20.2% during the 1st quarter. First Trust Advisors LP now owns 1,148,920 shares of the financial services provider’s stock valued at $53,287,000 after purchasing an additional 192,854 shares during the period. Finally, Hsbc Holdings PLC grew its position in Fidelity National Financial by 70.3% in the 1st quarter. Hsbc Holdings PLC now owns 896,177 shares of the financial services provider’s stock worth $41,524,000 after purchasing an additional 369,908 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Down 0.0%

Fidelity National Financial stock opened at $38.79 on Friday. Fidelity National Financial has a 1 year low of $37.88 and a 1 year high of $60.37. The firm’s 50-day moving average is $45.05 and its 200-day moving average is $47.38. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market cap of $10.40 billion, a P/E ratio of 13.70, a PEG ratio of 0.58 and a beta of 0.94.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.79 billion. Fidelity National Financial had a net margin of 5.03% and a return on equity of 16.07%. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.16 EPS. On average, equities analysts expect that Fidelity National Financial will post 5.18 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $2.08 annualized dividend and a dividend yield of 5.4%. Fidelity National Financial’s payout ratio is 73.50%.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc (NYSE:FNF) is a leading provider of title insurance and transaction services in the United States. Through its title insurance companies, the company helps protect property owners and lenders against losses arising from defects in property titles and supports the closing of residential and commercial real estate transactions.

FNF operates a portfolio of well-known title brands, including Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title.