Fidelity National Financial, Inc. (NYSE:FNF) Receives $55.40 Average Price Target from Analysts

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $55.40.

Several brokerages have issued reports on FNF. Barclays upped their target price on Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Keefe, Bruyette & Woods dropped their price target on shares of Fidelity National Financial from $55.00 to $53.00 and set a “market perform” rating for the company in a research report on Tuesday, July 2nd. StockNews.com upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Stephens increased their target price on shares of Fidelity National Financial from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, May 10th.

Fidelity National Financial Stock Performance

Shares of FNF opened at $48.06 on Friday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.50. The stock has a 50-day moving average price of $50.16 and a 200-day moving average price of $50.32. The company has a market cap of $13.13 billion, a PE ratio of 15.81 and a beta of 1.35. Fidelity National Financial has a 12-month low of $35.84 and a 12-month high of $53.96.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The company had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the company earned $0.52 EPS. Fidelity National Financial’s quarterly revenue was up 33.3% on a year-over-year basis. As a group, equities analysts forecast that Fidelity National Financial will post 4.67 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.48 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.92 dividend on an annualized basis and a yield of 4.00%. Fidelity National Financial’s dividend payout ratio (DPR) is 63.16%.

Insider Buying and Selling

In related news, Director Halim Dhanidina sold 3,000 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $50.64, for a total value of $151,920.00. Following the transaction, the director now owns 14,906 shares in the company, valued at approximately $754,839.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Anthony Park sold 85,000 shares of Fidelity National Financial stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total value of $4,319,700.00. Following the completion of the sale, the chief financial officer now directly owns 99,049 shares in the company, valued at approximately $5,033,670.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Halim Dhanidina sold 3,000 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $50.64, for a total value of $151,920.00. Following the completion of the transaction, the director now directly owns 14,906 shares of the company’s stock, valued at approximately $754,839.84. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FNF. V Square Quantitative Management LLC bought a new position in shares of Fidelity National Financial during the 4th quarter valued at approximately $27,000. VisionPoint Advisory Group LLC boosted its position in shares of Fidelity National Financial by 107.0% in the third quarter. VisionPoint Advisory Group LLC now owns 737 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 381 shares during the period. New Covenant Trust Company N.A. purchased a new stake in shares of Fidelity National Financial in the first quarter worth $30,000. Mather Group LLC. purchased a new position in shares of Fidelity National Financial during the 1st quarter valued at $31,000. Finally, Covestor Ltd boosted its holdings in Fidelity National Financial by 109.0% in the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after buying an additional 303 shares during the period. Institutional investors own 81.17% of the company’s stock.

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.