Fidelity National Financial (NYSE:FNF) Reaches New 12-Month Low – What’s Next?

Fidelity National Financial, Inc. (NYSE:FNF) reached a new 52-week low during trading on Wednesday. The stock traded as low as $37.94 and last traded at $38.0830, with a volume of 180057 shares changing hands. The stock had previously closed at $39.08.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on FNF shares. Keefe, Bruyette & Woods cut their target price on shares of Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating on the stock in a report on Monday, August 10th. Stephens reaffirmed an “overweight” rating and set a $55.00 target price on shares of Fidelity National Financial in a report on Monday, August 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity National Financial in a research report on Tuesday, September 8th. National Bank Financial set a $54.00 price target on Fidelity National Financial in a report on Friday, August 7th. Finally, Zacks Research upgraded Fidelity National Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $54.25.

Fidelity National Financial Trading Up 1.7%

The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50. The stock has a market cap of $10.64 billion, a P/E ratio of 14.01, a PEG ratio of 0.58 and a beta of 0.94. The firm’s 50-day simple moving average is $45.31 and its 200 day simple moving average is $47.42.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. The company had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Fidelity National Financial had a return on equity of 16.07% and a net margin of 5.03%.The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 earnings per share. As a group, equities research analysts anticipate that Fidelity National Financial, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Wednesday, September 16th. Fidelity National Financial’s payout ratio is 73.50%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in Fidelity National Financial by 30.1% in the first quarter. Dimensional Fund Advisors LP now owns 4,210,824 shares of the financial services provider’s stock worth $195,287,000 after purchasing an additional 973,891 shares during the period. Bank of New York Mellon Corp raised its position in shares of Fidelity National Financial by 0.5% during the 1st quarter. Bank of New York Mellon Corp now owns 2,529,383 shares of the financial services provider’s stock worth $117,313,000 after buying an additional 13,147 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Fidelity National Financial by 12.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,345,756 shares of the financial services provider’s stock worth $62,416,000 after buying an additional 144,966 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Fidelity National Financial by 20.2% in the 1st quarter. First Trust Advisors LP now owns 1,148,920 shares of the financial services provider’s stock worth $53,287,000 after acquiring an additional 192,854 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in shares of Fidelity National Financial by 70.3% in the first quarter. Hsbc Holdings PLC now owns 896,177 shares of the financial services provider’s stock valued at $41,524,000 after acquiring an additional 369,908 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc (NYSE:FNF) is a leading provider of title insurance and transaction services in the United States. Through its title insurance companies, the company helps protect property owners and lenders against losses arising from defects in property titles and supports the closing of residential and commercial real estate transactions.

FNF operates a portfolio of well-known title brands, including Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title.