Fidelity National Financial Inc (FNF) Receives $43.50 Consensus Target Price from Brokerages

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Shares of Fidelity National Financial Inc (NYSE:FNF) have been assigned an average rating of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $43.50.

Several research analysts have commented on the stock. Zacks Investment Research raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Monday, August 6th. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $39.00 price target for the company in a report on Monday, July 16th. Finally, ValuEngine upgraded shares of Fidelity National Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd.

NYSE:FNF traded up $0.04 during trading hours on Friday, hitting $35.05. The stock had a trading volume of 1,682,606 shares, compared to its average volume of 1,285,057. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.80 and a quick ratio of 0.80. Fidelity National Financial has a one year low of $34.00 and a one year high of $42.52. The company has a market cap of $10.82 billion, a price-to-earnings ratio of 15.44 and a beta of 0.76.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Tuesday, July 17th. The financial services provider reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.04. Fidelity National Financial had a net margin of 9.82% and a return on equity of 15.29%. The firm had revenue of $2.12 million during the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the firm earned $0.75 EPS. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Equities research analysts expect that Fidelity National Financial will post 2.82 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.42%. The ex-dividend date was Thursday, September 13th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 52.86%.

Fidelity National Financial announced that its board has authorized a stock buyback plan on Tuesday, July 17th that authorizes the company to buyback 25,000,000 outstanding shares. This buyback authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

In other news, Director Cary H. Thompson sold 85,639 shares of the firm’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $40.10, for a total transaction of $3,434,123.90. Following the sale, the director now owns 74,000 shares in the company, valued at approximately $2,967,400. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Roger S. Jewkes sold 42,025 shares of the firm’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $39.52, for a total transaction of $1,660,828.00. Following the sale, the chief operating officer now owns 201,762 shares in the company, valued at approximately $7,973,634.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 221,548 shares of company stock worth $8,875,866. Corporate insiders own 6.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Golden Gate Private Equity Inc. raised its position in Fidelity National Financial by 28.7% in the 2nd quarter. Golden Gate Private Equity Inc. now owns 118,900 shares of the financial services provider’s stock worth $4,473,000 after purchasing an additional 26,500 shares during the period. PNC Financial Services Group Inc. raised its position in Fidelity National Financial by 0.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 472,997 shares of the financial services provider’s stock worth $17,793,000 after purchasing an additional 2,670 shares during the period. Andra AP fonden purchased a new position in Fidelity National Financial in the 2nd quarter worth $7,848,000. Boston Partners raised its position in Fidelity National Financial by 21.0% in the 2nd quarter. Boston Partners now owns 122,290 shares of the financial services provider’s stock worth $4,601,000 after purchasing an additional 21,229 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in Fidelity National Financial by 8.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 949,136 shares of the financial services provider’s stock worth $35,706,000 after purchasing an additional 72,065 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including collection and trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.

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Analyst Recommendations for Fidelity National Financial (NYSE:FNF)

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