Brokerages Set Fidelity National Financial, Inc. (NYSE:FNF) PT at $56.75

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have earned a consensus recommendation of “Hold” from the five brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $56.00.

FNF has been the subject of several research analyst reports. National Bank Financial set a $54.00 target price on Fidelity National Financial in a research note on Friday, August 7th. Stephens reaffirmed an “overweight” rating and set a $55.00 price target on shares of Fidelity National Financial in a report on Monday. Keefe, Bruyette & Woods reduced their price objective on Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Finally, Zacks Research lowered Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $47.51 on Thursday. The firm has a 50 day moving average of $49.29 and a 200-day moving average of $49.33. The stock has a market capitalization of $12.74 billion, a PE ratio of 16.77, a PEG ratio of 0.71 and a beta of 0.95. The company has a current ratio of 0.26, a quick ratio of 0.26 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 results on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.08. Fidelity National Financial had a net margin of 5.03% and a return on equity of 16.07%. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same quarter last year, the business posted $1.16 EPS. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, equities research analysts predict that Fidelity National Financial will post 5.14 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be given a dividend of $0.52 per share. The ex-dividend date is Wednesday, September 16th. This represents a $2.08 annualized dividend and a yield of 4.4%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 73.50%.

Insider Activity

In other news, EVP Peter T. Sadowski sold 69,196 shares of Fidelity National Financial stock in a transaction on 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake in shares of Fidelity National Financial by 8.1% in the first quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider’s stock worth $40,975,000 after acquiring an additional 47,267 shares during the period. Acadian Asset Management LLC raised its holdings in Fidelity National Financial by 141.9% during the 1st quarter. Acadian Asset Management LLC now owns 14,478 shares of the financial services provider’s stock worth $941,000 after purchasing an additional 8,494 shares during the last quarter. Invesco Ltd. lifted its position in shares of Fidelity National Financial by 2.0% in the 2nd quarter. Invesco Ltd. now owns 820,180 shares of the financial services provider’s stock worth $45,979,000 after purchasing an additional 16,440 shares during the period. Brown Advisory Inc. bought a new stake in shares of Fidelity National Financial in the 2nd quarter valued at $339,000. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Fidelity National Financial by 2.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 21,396 shares of the financial services provider’s stock valued at $1,199,000 after purchasing an additional 500 shares during the last quarter. 81.17% of the stock is 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.