Fidelity National Financial, Inc. (NYSE:FNF) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have earned a consensus rating of “Hold” from the five ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $56.75.

Several equities analysts have weighed in on FNF shares. Weiss Ratings restated a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Keefe, Bruyette & Woods decreased their price target on Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. National Bank Financial set a $54.00 price objective on Fidelity National Financial in a report on Friday, August 7th. Zacks Research downgraded Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Finally, Stephens reduced their target price on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th.

Insider Buying and Selling at Fidelity National Financial

In other news, EVP Peter T. Sadowski sold 69,196 shares of the business’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $45.70, for a total value of $3,162,257.20. Following the completion of the sale, the executive vice president directly 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Windacre Partnership LLC boosted its holdings in Fidelity National Financial by 31.0% in the 3rd quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock valued at $1,143,569,000 after purchasing an additional 4,477,900 shares during the period. Norges Bank bought a new position in shares of Fidelity National Financial during the 4th quarter worth about $181,017,000. Bank of New York Mellon Corp bought a new position in shares of Fidelity National Financial during the 2nd quarter worth about $112,882,000. AQR Capital Management LLC raised its position in shares of Fidelity National Financial by 75.4% during the third quarter. AQR Capital Management LLC now owns 5,057,355 shares of the financial services provider’s stock valued at $304,503,000 after buying an additional 2,174,220 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Fidelity National Financial by 368.3% during the second quarter. Alliancebernstein L.P. now owns 1,770,685 shares of the financial services provider’s stock valued at $99,265,000 after buying an additional 1,392,560 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

FNF stock opened at $48.46 on Thursday. The firm has a 50 day moving average of $49.31 and a two-hundred day moving average of $49.61. Fidelity National Financial has a 12 month low of $42.78 and a 12 month high of $61.40. The company has a market capitalization of $13.00 billion, a price-to-earnings ratio of 17.11, a P/E/G ratio of 0.72 and a beta of 0.95. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results 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 for 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%. Fidelity National Financial’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 EPS. As a group, equities analysts anticipate that Fidelity National Financial will post 5.14 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.3%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 73.50%.

Fidelity National Financial Company Profile

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.