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

Fidelity National Financial, Inc. (NYSE:FNF) has received a consensus rating of “Hold” from the five brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $56.25.

Several analysts have recently commented on the stock. National Bank Financial set a $50.00 price objective on shares of Fidelity National Financial in a report on Monday, May 11th. Weiss Ratings downgraded shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Keefe, Bruyette & Woods lowered their price target on shares of Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. Wall Street Zen downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Monday, January 26th. Finally, Barclays lowered their price target on shares of Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th.

Fidelity National Financial Stock Up 3.3%

FNF stock opened at $49.49 on Tuesday. The firm’s fifty day simple moving average is $48.19 and its 200-day simple moving average is $52.98. The company has a market capitalization of $13.32 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 0.68 and a beta of 1.00. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25. 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 released 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 business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.61 billion. Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The firm’s revenue was up 18.2% on a year-over-year basis. During the same period last year, the company earned $0.78 earnings per share. As a group, equities research analysts forecast that Fidelity National Financial will post 5.4 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $2.08 dividend on an annualized basis and a yield of 4.2%. Fidelity National Financial’s dividend payout ratio is 75.91%.

Institutional Trading of Fidelity National Financial

A number of hedge funds have recently added to or reduced their stakes in FNF. Quent Capital LLC purchased a new position in Fidelity National Financial during the third quarter valued at $26,000. Canton Hathaway LLC purchased a new position in Fidelity National Financial during the fourth quarter valued at $26,000. Commonwealth Retirement Investments LLC purchased a new position in Fidelity National Financial during the fourth quarter valued at $28,000. Atlantic Union Bankshares Corp lifted its holdings in Fidelity National Financial by 997.7% during the third quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 429 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Fidelity National Financial during the second quarter valued at $32,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

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.