Brokerages Set Fidelity National Financial, Inc. (NYSE:FNF) PT at $71.20

Fidelity National Financial, Inc. (NYSE:FNF) has been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $71.20.

A number of equities research analysts have recently issued reports on FNF shares. Barclays lowered their price target on shares of Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 8th. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price target for the company in a report on Tuesday, April 8th.

Fidelity National Financial Stock Performance

FNF opened at $54.99 on Thursday. The business’s fifty day moving average is $55.25 and its 200-day moving average is $58.76. Fidelity National Financial has a 52-week low of $50.61 and a 52-week high of $66.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a market cap of $15.10 billion, a P/E ratio of 13.61 and a beta of 1.02.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.35). The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a net margin of 8.43% and a return on equity of 14.88%. The business’s revenue was down 17.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.91 earnings per share. Sell-side analysts expect that Fidelity National Financial will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 16th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.64%. Fidelity National Financial’s payout ratio is 49.50%.

Hedge Funds Weigh In On Fidelity National Financial

Hedge funds have recently bought and sold shares of the business. Cary Street Partners Investment Advisory LLC boosted its holdings in Fidelity National Financial by 80.0% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 208 shares in the last quarter. Rise Advisors LLC acquired a new stake in shares of Fidelity National Financial during the first quarter worth $32,000. Opal Wealth Advisors LLC acquired a new position in shares of Fidelity National Financial in the 1st quarter valued at $32,000. Capital Analysts LLC purchased a new position in Fidelity National Financial in the 4th quarter worth $29,000. Finally, Synergy Investment Management LLC acquired a new stake in Fidelity National Financial during the 1st quarter worth about $36,000. Institutional investors own 81.17% of the company’s stock.

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.