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

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

Several research firms have issued reports on FNF. Barclays raised their price target on shares of 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. Stephens boosted 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 note on Friday, May 10th. Keefe, Bruyette & Woods dropped their target price on Fidelity National Financial from $55.00 to $53.00 and set a “market perform” rating on the stock in a report on Tuesday, July 2nd. Finally, StockNews.com upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a report on Tuesday.

Insider Activity at Fidelity National Financial

In related news, Director Halim Dhanidina sold 3,000 shares of the 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 owns 14,906 shares in the company, valued at approximately $754,839.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 transaction, the chief financial officer now owns 99,049 shares of the company’s stock, valued at approximately $5,033,670.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Halim Dhanidina sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $50.64, for a total transaction 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 currently owned by insiders.

Institutional Investors Weigh In On Fidelity National Financial

A number of institutional investors have recently bought and sold shares of FNF. KBC Group NV raised its holdings in Fidelity National Financial by 845.5% during the fourth quarter. KBC Group NV now owns 631,801 shares of the financial services provider’s stock valued at $32,234,000 after buying an additional 564,980 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Fidelity National Financial during the fourth quarter worth about $1,669,000. BNP Paribas Financial Markets raised its holdings in Fidelity National Financial by 673.6% in the 1st quarter. BNP Paribas Financial Markets now owns 666,900 shares of the financial services provider’s stock valued at $35,412,000 after acquiring an additional 580,694 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Fidelity National Financial in the 3rd quarter valued at $2,778,000. Finally, Lecap Asset Management Ltd. bought a new stake in shares of Fidelity National Financial in the 4th quarter valued at approximately $1,335,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Stock Performance

Shares of FNF opened at $51.32 on Friday. The company has a market capitalization of $14.02 billion, a PE ratio of 16.88 and a beta of 1.35. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.50. The company has a 50-day simple moving average of $50.14 and a 200-day simple moving average of $50.32. Fidelity National Financial has a 52-week low of $36.55 and a 52-week high of $53.96.

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

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date was Friday, June 14th. Fidelity National Financial’s payout ratio is 63.16%.

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.