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

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have been assigned an average rating of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $71.20.

Separately, Barclays reduced their price target on Fidelity National Financial from $67.00 to $65.00 and set an “equal weight” rating for the company in a report on Tuesday, July 8th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FNF. Gilbert & Cook Inc. grew its holdings in Fidelity National Financial by 3.0% during the 1st quarter. Gilbert & Cook Inc. now owns 5,814 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 168 shares during the period. Journey Strategic Wealth LLC grew its holdings in Fidelity National Financial by 1.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 14,482 shares of the financial services provider’s stock worth $943,000 after acquiring an additional 175 shares during the period. Commerce Bank grew its holdings in Fidelity National Financial by 3.1% during the 1st quarter. Commerce Bank now owns 5,977 shares of the financial services provider’s stock worth $389,000 after acquiring an additional 177 shares during the period. Peddock Capital Advisors LLC grew its holdings in Fidelity National Financial by 3.2% during the 1st quarter. Peddock Capital Advisors LLC now owns 5,663 shares of the financial services provider’s stock worth $369,000 after acquiring an additional 178 shares during the period. Finally, Kaizen Financial Strategies grew its holdings in Fidelity National Financial by 4.8% during the 1st quarter. Kaizen Financial Strategies now owns 4,136 shares of the financial services provider’s stock worth $269,000 after acquiring an additional 188 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

FNF stock opened at $61.09 on Monday. The stock has a 50-day moving average price of $55.96 and a two-hundred day moving average price of $58.83. The stock has a market cap of $16.60 billion, a PE ratio of 15.51 and a beta of 1.02. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. Fidelity National Financial has a 1 year low of $50.61 and a 1 year high of $66.72.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.24). The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.64 billion. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%. Fidelity National Financial’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter last year, the company posted $1.24 EPS. Equities analysts forecast that Fidelity National Financial will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Fidelity National Financial’s dividend payout ratio is 50.76%.

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.