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

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have been assigned an average rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $55.6667.

FNF has been the topic of several research reports. Wall Street Zen lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Monday, January 26th. Weiss Ratings lowered shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. National Bank Financial set a $50.00 price objective on shares of Fidelity National Financial in a report on Monday. Keefe, Bruyette & Woods cut their price objective on shares of Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. Finally, Zacks Research lowered shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday.

Hedge Funds Weigh In On Fidelity National Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. Quent Capital LLC purchased a new position in Fidelity National Financial in the third quarter worth $26,000. Atlantic Union Bankshares Corp grew its holdings in Fidelity National Financial by 997.7% in the third quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 429 shares during the last quarter. Canton Hathaway LLC purchased a new position in Fidelity National Financial in the fourth quarter worth $26,000. Commonwealth Retirement Investments LLC purchased a new position in Fidelity National Financial in the fourth quarter worth $28,000. Finally, Headlands Technologies LLC purchased a new position in Fidelity National Financial in the second quarter worth $32,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $48.31 on Tuesday. The firm has a market cap of $13.00 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 0.67 and a beta of 1.00. The company’s 50 day moving average is $48.51 and its 200 day moving average is $53.28. The company has a quick ratio of 0.24, a current ratio of 44.42 and a debt-to-equity ratio of 0.61. Fidelity National Financial has a 52-week low of $42.78 and a 52-week high of $61.40.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.16). The business had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.61 billion. Fidelity National Financial had a net margin of 5.10% and a return on equity of 16.15%. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 earnings per share. On average, sell-side analysts anticipate that Fidelity National Financial will post 5.77 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 16th. Fidelity National Financial’s payout ratio is currently 75.91%.

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.