Fidelity National Financial (NYSE:FNF) Given New $54.00 Price Target at Barclays

Fidelity National Financial (NYSE:FNF) had its price target raised by Barclays from $51.00 to $54.00 in a report issued on Friday,Benzinga reports. The firm currently has an equal weight rating on the financial services provider’s stock.

Several other analysts also recently weighed in on FNF. 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. Stephens reduced their price objective on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. National Bank Financial set a $54.00 target price on Fidelity National Financial in a research report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Finally, Keefe, Bruyette & Woods dropped their price target on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, June 25th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $57.50.

Fidelity National Financial Trading Down 4.4%

FNF opened at $50.22 on Friday. The stock has a market cap of $13.52 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 0.79 and a beta of 0.95. The stock’s 50 day moving average price is $49.05 and its 200-day moving average price is $49.95. Fidelity National Financial has a one year low of $42.78 and a one year high of $61.40. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.25 and a current ratio of 45.20.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.79 billion. Fidelity National Financial had a return on equity of 16.71% and a net margin of 5.03%.Fidelity National Financial’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period last year, the company earned $1.16 EPS. On average, equities analysts forecast that Fidelity National Financial will post 5.11 EPS for the current year.

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $0.52 per share. The ex-dividend date is Wednesday, September 16th. This represents a $2.08 dividend on an annualized basis and a yield of 4.1%. Fidelity National Financial’s dividend payout ratio is currently 75.91%.

Insider Transactions at Fidelity National Financial

In other news, EVP Peter T. Sadowski sold 69,196 shares of Fidelity National Financial stock in a transaction on Friday, June 26th. The stock was sold at an average price of $45.70, for a total value of $3,162,257.20. Following the transaction, the executive vice president directly owned 5,702 shares in the company, valued at approximately $260,581.40. This trade represents a 92.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. Windacre Partnership LLC boosted its position in shares of 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 worth $1,143,569,000 after purchasing an additional 4,477,900 shares in the last quarter. State Street Corp raised its stake in Fidelity National Financial by 0.3% in the third quarter. State Street Corp now owns 9,469,029 shares of the financial services provider’s stock valued at $572,782,000 after buying an additional 31,318 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Fidelity National Financial by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,353,982 shares of the financial services provider’s stock worth $510,634,000 after acquiring an additional 193,629 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Fidelity National Financial by 34.5% in the fourth quarter. AQR Capital Management LLC now owns 6,800,697 shares of the financial services provider’s stock worth $371,250,000 after acquiring an additional 1,743,342 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its stake in shares of Fidelity National Financial by 0.9% during the fourth quarter. First Eagle Investment Management LLC now owns 6,102,523 shares of the financial services provider’s stock worth $333,137,000 after acquiring an additional 54,756 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other 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.