Fidelity National Financial (NYSE:FNF) Given New $47.00 Price Target at Barclays

Fidelity National Financial (NYSE:FNF) had its price target decreased by Barclays from $54.00 to $47.00 in a report released on Monday,Benzinga reports. Barclays currently has an equal weight rating on the financial services provider’s stock.

A number of other equities analysts have also recently commented on the stock. Zacks Research upgraded shares of Fidelity National Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 26th. Weiss Ratings restated a “hold (c)” rating on shares of Fidelity National Financial in a research report on Tuesday, September 8th. National Bank Financial set a $54.00 price objective on Fidelity National Financial in a research note on Friday, August 7th. Stephens reiterated an “overweight” rating and issued a $55.00 price objective on shares of Fidelity National Financial in a report on Monday, August 24th. Finally, Keefe, Bruyette & Woods lowered their target price on Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $54.25.

Fidelity National Financial Stock Down 0.5%

Shares of FNF opened at $39.07 on Monday. The firm has a market cap of $10.48 billion, a P/E ratio of 13.79, a P/E/G ratio of 0.58 and a beta of 0.94. The stock has a 50 day simple moving average of $46.14 and a two-hundred day simple moving average of $47.55. 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 $38.06 and a 1 year high of $60.37.

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. Fidelity National Financial had a net margin of 5.03% and a return on equity of 16.07%. The business had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period last year, the business earned $1.16 earnings per share. The business’s quarterly revenue was up 11.4% on a year-over-year basis. On average, analysts forecast that Fidelity National Financial will post 5.18 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Wednesday, September 16th. Fidelity National Financial’s dividend payout ratio is currently 73.50%.

Institutional Investors Weigh In On Fidelity National Financial

A number of large investors have recently added to or reduced their stakes in FNF. Kera Capital Partners Inc. boosted its stake in shares of Fidelity National Financial by 6.1% during the 4th quarter. Kera Capital Partners Inc. now owns 3,946 shares of the financial services provider’s stock worth $215,000 after purchasing an additional 228 shares during the last quarter. Sage Rhino Capital LLC raised its position in shares of Fidelity National Financial by 8.8% in the first quarter. Sage Rhino Capital LLC now owns 4,325 shares of the financial services provider’s stock valued at $201,000 after buying an additional 351 shares during the last quarter. CWS Financial Advisors LLC lifted its stake in shares of Fidelity National Financial by 4.7% during the first quarter. CWS Financial Advisors LLC now owns 8,048 shares of the financial services provider’s stock valued at $373,000 after buying an additional 361 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Fidelity National Financial by 6.3% during the second quarter. Sequoia Financial Advisors LLC now owns 8,476 shares of the financial services provider’s stock valued at $400,000 after buying an additional 504 shares during the period. Finally, Commonwealth Retirement Investments LLC acquired a new stake in Fidelity National Financial during the fourth quarter worth approximately $28,000. Institutional investors own 81.17% of the company’s stock.

About Fidelity National Financial

Fidelity National Financial, Inc (NYSE:FNF) is a leading provider of title insurance and transaction services in the United States. Through its title insurance companies, the company helps protect property owners and lenders against losses arising from defects in property titles and supports the closing of residential and commercial real estate transactions.

FNF operates a portfolio of well-known title brands, including Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title.