FNF Group of Fidelity National Financial, Inc. (FNF) Receives Average Recommendation of “Buy” from Brokerages

Shares of FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) have been given an average recommendation of “Buy” by the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $42.60.

A number of research analysts have recently commented on the company. Zacks Investment Research cut FNF Group of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Piper Jaffray Companies reiterated a “buy” rating and issued a $44.00 price target on shares of FNF Group of Fidelity National Financial in a research note on Monday, December 18th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $42.00 target price on shares of FNF Group of Fidelity National Financial in a research report on Friday, December 22nd. ValuEngine raised FNF Group of Fidelity National Financial from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Finally, Barclays raised their target price on FNF Group of Fidelity National Financial from $36.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, October 27th.

FNF Group of Fidelity National Financial (FNF) opened at $39.84 on Thursday. FNF Group of Fidelity National Financial has a 12 month low of $33.91 and a 12 month high of $160.45. The company has a market capitalization of $10,530.00, a price-to-earnings ratio of -569.14 and a beta of 0.69. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.17.

FNF Group of Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.04. FNF Group of Fidelity National Financial had a return on equity of 11.05% and a net margin of 7.77%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same period in the prior year, the company earned $0.69 EPS. FNF Group of Fidelity National Financial’s revenue was up 2.0% compared to the same quarter last year. sell-side analysts predict that FNF Group of Fidelity National Financial will post 2.47 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a dividend of $0.27 per share. This is an increase from FNF Group of Fidelity National Financial’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend was Thursday, December 14th. FNF Group of Fidelity National Financial’s dividend payout ratio (DPR) is presently -1,885.71%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of FNF Group of Fidelity National Financial by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 22,037,492 shares of the financial services provider’s stock valued at $987,941,000 after buying an additional 413,840 shares during the period. Alliancebernstein L.P. grew its stake in shares of FNF Group of Fidelity National Financial by 28.0% in the 2nd quarter. Alliancebernstein L.P. now owns 5,965,608 shares of the financial services provider’s stock valued at $267,438,000 after buying an additional 1,303,871 shares during the period. Victory Capital Management Inc. grew its stake in shares of FNF Group of Fidelity National Financial by 8.7% in the 3rd quarter. Victory Capital Management Inc. now owns 4,698,531 shares of the financial services provider’s stock valued at $222,993,000 after buying an additional 375,435 shares during the period. Wells Fargo & Company MN grew its stake in shares of FNF Group of Fidelity National Financial by 0.8% in the 3rd quarter. Wells Fargo & Company MN now owns 4,251,372 shares of the financial services provider’s stock valued at $201,770,000 after buying an additional 34,143 shares during the period. Finally, Northern Trust Corp grew its stake in shares of FNF Group of Fidelity National Financial by 3.6% in the 2nd quarter. Northern Trust Corp now owns 1,674,834 shares of the financial services provider’s stock valued at $75,083,000 after buying an additional 57,783 shares during the period. Institutional investors own 81.31% of the company’s stock.

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FNF Group of Fidelity National Financial Company Profile

Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.

Analyst Recommendations for FNF Group of Fidelity National Financial (NYSE:FNF)

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