Fidelity National Financial, Inc. (NYSE:FNF) Stock Has Average Target Price of $54.20 According to Analysts

Fidelity National Financial, Inc. (NYSE:FNF) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $54.20.

Several brokerages have recently issued reports on FNF. National Bank Financial set a $54.00 price target on shares of Fidelity National Financial in a research report on Friday, August 7th. Barclays dropped their target price on shares of Fidelity National Financial from $54.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Monday, October 5th. Stephens reduced their price objective on Fidelity National Financial from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, October 21st. Zacks Research downgraded Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, October 23rd. Finally, Keefe, Bruyette & Woods cut their target price on shares of Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating on the stock in a report on Monday, August 10th.

Institutional Investors Weigh In On Fidelity National Financial

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

Fidelity National Financial Price Performance

FNF stock opened at $42.16 on Tuesday. Fidelity National Financial has a 1 year low of $37.88 and a 1 year high of $60.37. 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 has a market capitalization of $11.31 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 0.60 and a beta of 0.94. The business has a 50 day simple moving average of $42.18 and a 200-day simple moving average of $47.96.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. The firm had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Fidelity National Financial had a return on equity of 16.07% and a net margin of 5.03%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.16 earnings per share. Equities research analysts anticipate that Fidelity National Financial will post 5.07 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were issued a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.9%. Fidelity National Financial’s payout ratio is presently 73.50%.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc (NYSE:FNF) is a provider of title insurance and transaction services in the United States. Through its title insurance businesses, the company protects property buyers, lenders and other parties against certain risks associated with real estate ownership and transfers. Its services include title searches, title examinations, escrow and closing services, and related technology and transaction-support solutions.

FNF operates through a group of title insurance brands, including Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title.