Fidelity National Financial, Inc. (NYSE:FNF) Receives Consensus Recommendation of “Hold” from Brokerages

Fidelity National Financial, Inc. (NYSE:FNF) has received a consensus recommendation of “Hold” from the five analysts that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $59.80.

Several research analysts recently weighed in on the stock. Truist Financial boosted their price objective on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Stephens restated an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a research report on Thursday, August 15th. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $53.00 target price on shares of Fidelity National Financial in a report on Tuesday, August 6th.

Insiders Place Their Bets

In other news, CFO Anthony Park sold 85,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total value of $4,319,700.00. Following the completion of 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 through this link. Company insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Financial

Several institutional investors and hedge funds have recently made changes to their positions in FNF. Victory Capital Management Inc. grew its holdings in shares of Fidelity National Financial by 195.2% in the 4th quarter. Victory Capital Management Inc. now owns 4,261,568 shares of the financial services provider’s stock valued at $217,425,000 after buying an additional 2,818,001 shares during the period. Confluence Investment Management LLC acquired a new position in shares of Fidelity National Financial in the 1st quarter valued at $135,347,000. TPG GP A LLC acquired a new position in shares of Fidelity National Financial in the 2nd quarter valued at $83,798,000. Windacre Partnership LLC grew its holdings in shares of Fidelity National Financial by 9.6% in the 1st quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock valued at $862,836,000 after buying an additional 1,424,767 shares during the period. Finally, Norges Bank acquired a new position in shares of Fidelity National Financial in the 4th quarter valued at $41,212,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $58.96 on Monday. Fidelity National Financial has a 1 year low of $37.10 and a 1 year high of $59.42. The firm has a 50 day moving average of $53.68 and a 200-day moving average of $51.73. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $16.12 billion, a P/E ratio of 19.39 and a beta of 1.35.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.03). Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter last year, the firm earned $1.01 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Fidelity National Financial will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Monday, September 16th. Fidelity National Financial’s dividend payout ratio is presently 63.16%.

Fidelity National Financial Company Profile

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.