Fidelity National Financial, Inc. (NYSE:FNF) Receives $71.20 Average Target Price from Analysts

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have been given a consensus rating of “Moderate Buy” by the five analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $71.20.

Separately, Barclays decreased their price target on shares of Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 8th.

Institutional Investors Weigh In On Fidelity National Financial

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Fidelity National Financial by 2.1% during the second quarter. Vanguard Group Inc. now owns 27,755,047 shares of the financial services provider’s stock valued at $1,555,948,000 after acquiring an additional 580,133 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Fidelity National Financial by 2.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 9,235,289 shares of the financial services provider’s stock valued at $517,730,000 after purchasing an additional 234,288 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Fidelity National Financial by 1.5% in the 1st quarter. Victory Capital Management Inc. now owns 8,214,280 shares of the financial services provider’s stock valued at $534,585,000 after purchasing an additional 121,096 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Fidelity National Financial by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 4,795,238 shares of the financial services provider’s stock valued at $268,026,000 after purchasing an additional 37,473 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Fidelity National Financial by 93.3% in the 1st quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider’s stock valued at $244,967,000 after purchasing an additional 1,817,124 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Trading Down 1.2%

Shares of Fidelity National Financial stock opened at $59.65 on Tuesday. The company’s fifty day simple moving average is $59.27 and its 200-day simple moving average is $58.73. The company has a market cap of $16.21 billion, a price-to-earnings ratio of 15.14 and a beta of 1.05. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. Fidelity National Financial has a 1 year low of $50.61 and a 1 year high of $66.72.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.24). Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the previous year, the business posted $1.24 EPS. The company’s revenue was up 15.1% on a year-over-year basis. As a group, sell-side analysts expect that Fidelity National Financial will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, September 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. Fidelity National Financial’s payout ratio is currently 50.76%.

Fidelity National Financial Company Profile

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.