Fidelity National Financial, Inc. (NYSE:FNF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Fidelity National Financial, Inc. (NYSE:FNF) has earned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $71.60.

Several equities analysts have commented on FNF shares. Barclays increased their target price on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” 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 target price on the stock in a research report on Tuesday, April 8th. Stephens upped their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a 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 objective for the company from $76.00 to $77.00 in a report on Friday, January 3rd.

Institutional Investors Weigh In On Fidelity National Financial

Several large investors have recently modified their holdings of FNF. Victory Capital Management Inc. lifted its holdings in Fidelity National Financial by 1.5% in the first quarter. Victory Capital Management Inc. now owns 8,214,280 shares of the financial services provider’s stock valued at $534,585,000 after buying an additional 121,096 shares during the period. Wealthfront Advisers LLC lifted its stake in shares of Fidelity National Financial by 2.2% in the 1st quarter. Wealthfront Advisers LLC now owns 65,077 shares of the financial services provider’s stock valued at $4,235,000 after purchasing an additional 1,397 shares during the period. Bleakley Financial Group LLC boosted its position in shares of Fidelity National Financial by 0.4% during the 1st quarter. Bleakley Financial Group LLC now owns 126,392 shares of the financial services provider’s stock valued at $8,226,000 after purchasing an additional 538 shares in the last quarter. MQS Management LLC acquired a new stake in Fidelity National Financial during the first quarter worth approximately $247,000. Finally, Prudent Man Advisors LLC increased its holdings in Fidelity National Financial by 2.7% in the first quarter. Prudent Man Advisors LLC now owns 12,612 shares of the financial services provider’s stock worth $821,000 after purchasing an additional 330 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

FNF stock opened at $65.05 on Friday. The stock has a market cap of $17.89 billion, a price-to-earnings ratio of 13.99 and a beta of 1.09. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The company has a 50 day simple moving average of $62.83 and a 200 day simple moving average of $60.37. Fidelity National Financial has a 1 year low of $47.79 and a 1 year high of $66.72.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the prior year, the business earned $0.75 earnings per share. Research analysts anticipate that Fidelity National Financial will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.50 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.07%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 43.01%.

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.