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

Fidelity National Financial, Inc. (NYSE:FNF) has earned an average recommendation of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat reports. One research 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 target price among brokerages that have updated their coverage on the stock in the last year is $56.25.

Several equities analysts recently commented on the stock. Barclays decreased 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 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. 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 shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th.

Fidelity National Financial Price Performance

NYSE:FNF opened at $47.37 on Friday. The company has a market cap of $12.75 billion, a P/E ratio of 17.31, a P/E/G ratio of 0.67 and a beta of 0.96. 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 one year low of $42.78 and a one year high of $61.40. The firm’s fifty day moving average price is $48.46 and its two-hundred day moving average price is $52.15.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results 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). Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the company posted $0.78 earnings per share. The company’s revenue was up 18.2% on a year-over-year basis. Equities analysts expect that Fidelity National Financial will post 5.29 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio is presently 75.91%.

Institutional Trading of Fidelity National Financial

Several institutional investors and hedge funds have recently modified their holdings of FNF. Goldman Sachs Group Inc. boosted its stake in shares of Fidelity National Financial by 8.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider’s stock valued at $40,975,000 after purchasing an additional 47,267 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Fidelity National Financial by 141.9% in the 1st quarter. Acadian Asset Management LLC now owns 14,478 shares of the financial services provider’s stock valued at $941,000 after buying an additional 8,494 shares during the last quarter. Invesco Ltd. raised its holdings in Fidelity National Financial by 2.0% during the 2nd quarter. Invesco Ltd. now owns 820,180 shares of the financial services provider’s stock worth $45,979,000 after purchasing an additional 16,440 shares during the last quarter. Brown Advisory Inc. bought a new position in Fidelity National Financial during the 2nd quarter worth approximately $339,000. Finally, Daiwa Securities Group Inc. raised its holdings in Fidelity National Financial by 2.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 21,396 shares of the financial services provider’s stock worth $1,199,000 after purchasing an additional 500 shares during the last quarter. 81.17% of the stock is currently owned by 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.