Fidelity National Financial (NYSE:FNF) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Fidelity National Financial (NYSE:FNF – Get Rating) in a report issued on Thursday morning. The brokerage issued a hold rating on the financial services provider’s stock.

A number of other equities research analysts have also recently commented on the company. Barclays decreased their price target on Fidelity National Financial from $53.00 to $48.00 and set an overweight rating on the stock in a report on Friday, February 24th. Truist Financial dropped their price target on Fidelity National Financial from $60.00 to $56.00 and set a buy rating for the company in a research note on Tuesday, November 29th. Credit Suisse Group reaffirmed an outperform rating and issued a $47.00 price objective on shares of Fidelity National Financial in a research note on Thursday, March 2nd. Finally, Keefe, Bruyette & Woods lowered their target price on Fidelity National Financial from $47.00 to $45.00 and set an outperform rating for the company in a research report on Tuesday, February 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Fidelity National Financial presently has an average rating of Moderate Buy and an average target price of $49.00.

Fidelity National Financial Price Performance

NYSE:FNF opened at $32.11 on Thursday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.54. The business’s 50-day simple moving average is $40.59 and its two-hundred day simple moving average is $39.31. The stock has a market cap of $8.74 billion, a PE ratio of 7.89 and a beta of 1.36. Fidelity National Financial has a 52 week low of $31.84 and a 52 week high of $50.50.

Fidelity National Financial (NYSE:FNF – Get Rating) last posted its quarterly earnings results on Wednesday, February 22nd. The financial services provider reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.22). The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.98 billion. Fidelity National Financial had a net margin of 9.83% and a return on equity of 22.52%. Fidelity National Financial’s revenue was down 46.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.16 earnings per share. As a group, analysts forecast that Fidelity National Financial will post 4.61 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.61%. The ex-dividend date of this dividend is Thursday, March 16th. Fidelity National Financial’s payout ratio is 44.23%.

Hedge Funds Weigh In On Fidelity National Financial

Several large investors have recently modified their holdings of the stock. Salem Investment Counselors Inc. bought a new stake in Fidelity National Financial in the second quarter worth $26,000. Paragon Wealth Strategies LLC purchased a new stake in shares of Fidelity National Financial in the third quarter valued at $29,000. Ten Capital Wealth Advisors LLC bought a new stake in shares of Fidelity National Financial in the 3rd quarter worth about $31,000. Ronald Blue Trust Inc. boosted its stake in shares of Fidelity National Financial by 729.2% during the 4th quarter. Ronald Blue Trust Inc. now owns 995 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 875 shares during the period. Finally, Trust Co. of Vermont purchased a new position in shares of Fidelity National Financial during the 3rd quarter worth about $41,000. Institutional investors own 77.98% of the company’s stock.

Fidelity National Financial Company Profile

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Fidelity National Financial, Inc engages in the provision of title insurance and transaction services to the real estate and mortgage industries. Its services include title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products and technology and transaction services to the real estate and mortgage industries.