Analysts Set Fidelity National Financial, Inc. (NYSE:FNF) Target Price at $56.00

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have earned a consensus recommendation of “Hold” from the five research firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $56.00.

A number of equities research analysts have recently issued reports on the stock. Barclays upped their price objective on shares of Fidelity National Financial from $51.00 to $54.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. National Bank Financial set a $54.00 price target on shares of Fidelity National Financial in a research note on Friday, August 7th. Keefe, Bruyette & Woods cut their price target on shares of Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Stephens reaffirmed an “overweight” rating and set a $55.00 price objective on shares of Fidelity National Financial in a research note on Monday, August 24th. Finally, Zacks Research raised Fidelity National Financial from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 26th.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, EVP Peter Sadowski sold 69,196 shares of Fidelity National Financial stock in a transaction that occurred 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 of the company’s stock, valued at $260,581.40. The trade was a 92.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new position in Fidelity National Financial in the fourth quarter worth about $181,017,000. Bank of New York Mellon Corp bought a new stake in Fidelity National Financial during the 2nd quarter valued at approximately $112,882,000. Dimensional Fund Advisors LP boosted its position in Fidelity National Financial by 30.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,210,824 shares of the financial services provider’s stock valued at $195,287,000 after acquiring an additional 973,891 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Fidelity National Financial by 70.3% during the 1st quarter. Hsbc Holdings PLC now owns 896,177 shares of the financial services provider’s stock worth $41,524,000 after acquiring an additional 369,908 shares during the period. Finally, Squarepoint Ops LLC grew its holdings in shares of Fidelity National Financial by 74.4% during the 2nd quarter. Squarepoint Ops LLC now owns 688,380 shares of the financial services provider’s stock worth $32,464,000 after acquiring an additional 293,761 shares during the period. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $43.03 on Monday. The company has a market capitalization of $11.54 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 0.65 and a beta of 0.93. The business has a 50 day moving average of $48.60 and a 200 day moving average of $48.31. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26. Fidelity National Financial has a 1-year low of $42.32 and a 1-year high of $60.74.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. The business had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Fidelity National Financial had a net margin of 5.03% and a return on equity of 16.07%. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the business earned $1.16 earnings per share. On average, sell-side analysts predict that Fidelity National Financial will post 5.18 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 annualized dividend and a yield of 4.8%. Fidelity National Financial’s dividend payout ratio is currently 73.50%.

About Fidelity National Financial

Fidelity National Financial, Inc (NYSE:FNF) is a provider of title insurance, escrow and settlement services, and other title-related products in the United States. Through its Fidelity National Title Group businesses, the company helps protect property buyers, lenders and other parties against losses arising from defects in real estate titles and supports the closing of residential and commercial property transactions.

FNF’s title operations include well-known brands such as Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title.