Fidelity National Financial (NYSE:FNF) Stock Falls 6.2% – Should You Sell?

Shares of Fidelity National Financial, Inc. (NYSE:FNF) were down 6.2% during mid-day trading on Wednesday. The company traded as low as $38.70 and last traded at $38.6020. Approximately 1,082,223 shares traded hands during trading, a decline of 41% from the average session volume of 1,847,246 shares. The stock had previously closed at $41.16.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FNF shares. Stephens reiterated an “overweight” rating and set a $55.00 price target on shares of Fidelity National Financial in a report on Monday, August 24th. Keefe, Bruyette & Woods lowered their target price on shares of Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating for the company in a report on Monday, August 10th. Zacks Research upgraded shares of Fidelity National Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a report on Tuesday, September 8th. Finally, National Bank Financial set a $54.00 price objective on shares of Fidelity National Financial in a report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Fidelity National Financial presently has a consensus rating of “Hold” and an average target price of $56.00.

Fidelity National Financial Price Performance

The stock has a market cap of $10.50 billion, a PE ratio of 13.82, a P/E/G ratio of 0.57 and a beta of 0.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26. The firm’s 50 day moving average price is $46.65 and its two-hundred day moving average price is $47.67.

Fidelity National Financial (NYSE:FNF) last released 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 analyst estimates of $3.79 billion. Fidelity National Financial had a net margin of 5.03% and a return on equity of 16.07%. Fidelity National Financial’s revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.16 EPS. On average, research analysts expect that Fidelity National Financial, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were given a dividend of $0.52 per share. The ex-dividend date was Wednesday, September 16th. This represents a $2.08 annualized dividend and a dividend yield of 5.3%. Fidelity National Financial’s dividend payout ratio is currently 73.50%.

Hedge Funds Weigh In On Fidelity National Financial

Several hedge funds have recently bought and sold shares of FNF. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Fidelity National Financial during the 2nd quarter valued at $25,000. Commonwealth Retirement Investments LLC bought a new stake in Fidelity National Financial during the fourth quarter valued at $28,000. Ancora Advisors LLC bought a new stake in Fidelity National Financial during the second quarter valued at $43,000. Markowski Investments purchased a new position in Fidelity National Financial during the second quarter worth about $51,000. Finally, SJS Investment Consulting Inc. increased its stake in Fidelity National Financial by 105.4% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,908 shares of the financial services provider’s stock worth $88,000 after acquiring an additional 979 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

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.