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 a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $55.40.

A number of research firms have commented on FNF. Stephens lifted their price objective on shares of Fidelity National Financial from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Keefe, Bruyette & Woods reduced their price objective 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 raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a research report on Tuesday, July 9th. Finally, Barclays lifted their price objective on shares of Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th.

Fidelity National Financial Price Performance

NYSE:FNF opened at $52.09 on Friday. Fidelity National Financial has a 1-year low of $37.10 and a 1-year high of $53.96. 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 firm has a fifty day simple moving average of $50.15 and a 200 day simple moving average of $50.33. The stock has a market capitalization of $14.23 billion, a PE ratio of 17.13 and a beta of 1.35.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.08). Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The firm had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the prior year, the business posted $0.52 earnings per share. Fidelity National Financial’s quarterly revenue was up 33.3% compared to the same quarter last year. On average, research analysts expect that Fidelity National Financial will post 4.67 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend was Friday, June 14th. Fidelity National Financial’s dividend payout ratio is currently 63.16%.

Insider Transactions at Fidelity National Financial

In related news, CFO Anthony Park sold 85,000 shares of the business’s 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 transaction, the chief financial officer now owns 99,049 shares of the company’s stock, valued at $5,033,670.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Anthony Park sold 85,000 shares of the business’s 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 transaction, the chief financial officer now owns 99,049 shares of the company’s stock, valued at $5,033,670.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Halim Dhanidina sold 3,000 shares of the business’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 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. Insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new position in Fidelity National Financial in the fourth quarter valued at about $27,000. Opal Wealth Advisors LLC bought a new position in Fidelity National Financial in the second quarter valued at about $26,000. New Covenant Trust Company N.A. bought a new position in Fidelity National Financial in the first quarter valued at about $30,000. Covestor Ltd grew its holdings in shares of Fidelity National Financial by 109.0% during the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 303 shares during the last quarter. Finally, Salomon & Ludwin LLC grew its holdings in shares of Fidelity National Financial by 231.0% during the first quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 425 shares during the last quarter. 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.