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

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have been given an average rating of “Hold” by the five ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $55.6667.

A number of research analysts recently commented on FNF shares. National Bank Financial set a $50.00 price target on shares of Fidelity National Financial in a report on Monday. Barclays dropped their target price on Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday. Wall Street Zen lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Zacks Research lowered Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday. Finally, Weiss Ratings lowered Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd.

Institutional Trading of Fidelity National Financial

Several institutional investors and hedge funds have recently modified their holdings of FNF. Windacre Partnership LLC raised its stake in shares of Fidelity National Financial by 31.0% during the third quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock valued at $1,143,569,000 after acquiring an additional 4,477,900 shares in the last quarter. Norges Bank bought a new stake in shares of Fidelity National Financial during the fourth quarter valued at approximately $181,017,000. Alliancebernstein L.P. raised its stake in shares of Fidelity National Financial by 167.8% during the third quarter. Alliancebernstein L.P. now owns 4,741,145 shares of the financial services provider’s stock valued at $286,792,000 after acquiring an additional 2,970,460 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Fidelity National Financial by 75.4% during the third quarter. AQR Capital Management LLC now owns 5,057,355 shares of the financial services provider’s stock valued at $304,503,000 after acquiring an additional 2,174,220 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Fidelity National Financial by 30.1% during the first 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. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Down 4.5%

Shares of FNF stock opened at $48.31 on Tuesday. The firm has a market capitalization of $13.00 billion, a PE ratio of 17.66, a PEG ratio of 0.67 and a beta of 1.00. The stock has a fifty day simple moving average of $48.51 and a two-hundred day simple moving average of $53.28. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.24 and a current ratio of 44.42. Fidelity National Financial has a 52-week low of $42.78 and a 52-week high of $61.40.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.16). The firm had revenue of $3.23 billion for 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 16.15%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 EPS. On average, analysts predict that Fidelity National Financial will post 5.77 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 16th. Fidelity National Financial’s payout ratio is currently 75.91%.

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.