Fidelity National Financial (NYSE:FNF) Price Target Lowered to $54.00 at Barclays

Fidelity National Financial (NYSE:FNF) had its price target trimmed by Barclays from $63.00 to $54.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the financial services provider’s stock.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings downgraded Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Wall Street Zen downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Monday, January 26th. National Bank Financial set a $71.00 price target on Fidelity National Financial in a report on Monday, February 23rd. Finally, Keefe, Bruyette & Woods upped their price target on Fidelity National Financial from $70.00 to $71.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and an average target price of $65.33.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $46.53 on Monday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.49. Fidelity National Financial has a twelve month low of $42.78 and a twelve month high of $65.33. The stock’s 50 day moving average is $50.89 and its 200-day moving average is $54.57. The firm has a market capitalization of $12.62 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 0.58 and a beta of 1.01.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Thursday, February 19th. The financial services provider reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.10). Fidelity National Financial had a return on equity of 15.06% and a net margin of 4.17%.The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same period in the previous year, the company earned $1.34 earnings per share. Fidelity National Financial’s revenue for the quarter was up 11.9% compared to the same quarter last year. Sell-side analysts forecast that Fidelity National Financial will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $2.08 annualized dividend and a dividend yield of 4.5%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 97.65%.

Institutional Investors Weigh In On Fidelity National Financial

Large investors have recently made changes to their positions in the business. Quent Capital LLC purchased a new stake in shares of Fidelity National Financial during the 3rd quarter valued at $26,000. Canton Hathaway LLC purchased a new stake in shares of Fidelity National Financial during the 4th quarter valued at $26,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of Fidelity National Financial during the 4th quarter valued at $28,000. Mather Group LLC. purchased a new stake in shares of Fidelity National Financial during the 3rd quarter valued at $29,000. Finally, Atlantic Union Bankshares Corp increased its position in shares of Fidelity National Financial by 997.7% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 429 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

About Fidelity National Financial

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.