Barclays Cuts Fidelity National Financial (NYSE:FNF) Price Target to $50.00

Fidelity National Financial (NYSE:FNFFree Report) had its target price cut by Barclays from $54.00 to $50.00 in a research note released on Monday,Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the stock. Wall Street Zen cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Monday, January 26th. National Bank Financial set a $50.00 price target on shares of Fidelity National Financial in a research report on Monday. Weiss Ratings cut shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Friday, April 10th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $56.25.

Read Our Latest Report on Fidelity National Financial

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock opened at $47.50 on Monday. The company has a current ratio of 0.25, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $48.32 and its two-hundred day moving average price is $53.16. Fidelity National Financial has a 52 week low of $42.78 and a 52 week high of $61.40. The stock has a market cap of $12.78 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 0.68 and a beta of 1.00.

Fidelity National Financial (NYSE:FNFGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.16). Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The business had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the firm posted $0.78 earnings per share. Fidelity National Financial’s revenue was up 18.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fidelity National Financial will post 5.4 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 4.4%. The ex-dividend date is Tuesday, June 16th. Fidelity National Financial’s payout ratio is presently 75.91%.

Institutional Trading of Fidelity National Financial

Several institutional investors and hedge funds have recently bought and sold shares of FNF. Goldman Sachs Group Inc. raised its holdings in Fidelity National Financial by 8.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider’s stock worth $40,975,000 after buying an additional 47,267 shares during the period. Acadian Asset Management LLC raised its holdings in Fidelity National Financial by 141.9% during the 1st quarter. Acadian Asset Management LLC now owns 14,478 shares of the financial services provider’s stock worth $941,000 after buying an additional 8,494 shares during the period. Invesco Ltd. raised its holdings in Fidelity National Financial by 2.0% during the 2nd quarter. Invesco Ltd. now owns 820,180 shares of the financial services provider’s stock worth $45,979,000 after buying an additional 16,440 shares during the period. Brown Advisory Inc. acquired a new stake in Fidelity National Financial during the 2nd quarter worth about $339,000. Finally, Daiwa Securities Group Inc. raised its holdings in Fidelity National Financial by 2.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 21,396 shares of the financial services provider’s stock worth $1,199,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Company Profile

(Get Free Report)

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.

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Analyst Recommendations for Fidelity National Financial (NYSE:FNF)

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