Fidelity National Financial, Inc. (NYSE:FNF) Stock Rated “Moderate Buy” by Sell-Side Analysts

Fidelity National Financial, Inc. (NYSE:FNF) has received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $55.20.

FNF has been the topic of a number of analyst reports. Barclays dropped their target price on 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. Keefe, Bruyette & Woods cut their price target on Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Zacks Research raised Fidelity National Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 26th. Stephens restated an “overweight” rating and set a $55.00 price objective on shares of Fidelity National Financial in a research note on Monday, August 24th. Finally, National Bank Financial set a $54.00 price objective on Fidelity National Financial in a research note on Friday, August 7th.

Fidelity National Financial Stock Performance

Fidelity National Financial stock opened at $39.75 on Friday. Fidelity National Financial has a 12-month low of $37.88 and a 12-month high of $60.37. The company has a market capitalization of $10.66 billion, a price-to-earnings ratio of 7.41, a price-to-earnings-growth ratio of 0.58 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 fifty day moving average price is $44.06 and its 200 day moving average price is $47.22.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. The firm had revenue of $4.05 billion for 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%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.16 EPS. On average, research analysts forecast that Fidelity National Financial will post 5.18 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Wednesday, September 16th. Fidelity National Financial’s dividend payout ratio is presently 73.50%.

Hedge Funds Weigh In On Fidelity National Financial

Several institutional investors and hedge funds have recently made changes to their positions in the business. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Fidelity National Financial in the second quarter worth $25,000. Ancora Advisors LLC acquired a new stake in Fidelity National Financial in the second quarter valued at $43,000. Markowski Investments acquired a new stake in Fidelity National Financial in the second quarter valued at $51,000. SJS Investment Consulting Inc. boosted its stake in Fidelity National Financial by 105.4% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,908 shares of the financial services provider’s stock valued at $88,000 after acquiring an additional 979 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Fidelity National Financial by 1,046.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,926 shares of the financial services provider’s stock valued at $105,000 after acquiring an additional 1,758 shares during the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

About Fidelity National Financial

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.