Analysts Set Fidelity National Financial, Inc. (NYSE:FNF) Price Target at $70.40

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have earned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $71.60.

A number of equities analysts recently issued reports on the stock. Barclays upped their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Stephens upped their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price target on the stock in a research note on Tuesday. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd.

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $60.14 on Tuesday. Fidelity National Financial has a 1 year low of $46.85 and a 1 year high of $66.72. The stock has a market capitalization of $16.54 billion, a P/E ratio of 12.93 and a beta of 1.09. The company’s 50-day moving average is $61.52 and its 200 day moving average is $60.17. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same period last year, the company posted $0.75 EPS. On average, sell-side analysts expect that Fidelity National Financial will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date was Monday, March 17th. Fidelity National Financial’s payout ratio is 43.01%.

Hedge Funds Weigh In On Fidelity National Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. Kaizen Financial Strategies grew its position in Fidelity National Financial by 4.8% in the 1st quarter. Kaizen Financial Strategies now owns 4,136 shares of the financial services provider’s stock valued at $269,000 after acquiring an additional 188 shares during the last quarter. Chesley Taft & Associates LLC raised its position in shares of Fidelity National Financial by 1.2% in the 4th quarter. Chesley Taft & Associates LLC now owns 16,686 shares of the financial services provider’s stock worth $937,000 after acquiring an additional 200 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Fidelity National Financial by 0.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 72,200 shares of the financial services provider’s stock valued at $4,053,000 after buying an additional 200 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Fidelity National Financial by 50.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 209 shares in the last quarter. Finally, Essex Financial Services Inc. boosted its position in shares of Fidelity National Financial by 5.3% in the 4th quarter. Essex Financial Services Inc. now owns 4,206 shares of the financial services provider’s stock worth $236,000 after purchasing an additional 211 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

About Fidelity National Financial

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.