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

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have been given an average rating of “Hold” by the five research firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $56.25.

Several equities analysts have recently commented on FNF shares. Keefe, Bruyette & Woods lowered their price objective on shares of Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating for the company in a research note on Friday, April 10th. Barclays decreased their price target on shares of Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, May 11th. Weiss Ratings downgraded shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Stephens decreased their price target on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. Finally, Zacks Research downgraded shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th.

Fidelity National Financial Stock Performance

Shares of NYSE:FNF opened at $47.85 on Friday. The company has a market cap of $12.88 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 0.69 and a beta of 0.96. The company has a 50-day moving average price of $48.62 and a 200-day moving average price of $51.79. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. Fidelity National Financial has a 12 month low of $42.78 and a 12 month high of $61.40.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.16). The firm had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.61 billion. Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The business’s revenue was up 18.2% on a year-over-year basis. During the same period last year, the company posted $0.78 earnings per share. As a group, equities analysts anticipate that Fidelity National Financial will post 5.29 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio is presently 75.91%.

Hedge Funds Weigh In On Fidelity National Financial

A number of institutional investors have recently bought and sold shares of FNF. Canton Hathaway LLC bought a new position in Fidelity National Financial in the fourth quarter worth about $26,000. Commonwealth Retirement Investments LLC bought a new position in Fidelity National Financial in the fourth quarter worth about $28,000. Atlantic Union Bankshares Corp raised its stake in Fidelity National Financial by 997.7% in the third quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider’s stock worth $29,000 after buying an additional 429 shares in the last quarter. Headlands Technologies LLC bought a new position in Fidelity National Financial in the second quarter worth about $32,000. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in Fidelity National Financial by 57.2% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 353 shares during the period. 81.17% of the stock is owned by institutional investors.

About Fidelity National Financial

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.