Brokerages Set Fidelity National Financial, Inc. (NYSE:FNF) Target Price at $71.60

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $71.60.

Several brokerages have issued reports on FNF. Wall Street Zen downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Stephens lifted their target price on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price objective on the stock in a research report on Tuesday, April 8th. Finally, Barclays lifted their price objective on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th.

Institutional Trading of Fidelity National Financial

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Fidelity National Financial by 0.4% in the first quarter. Vanguard Group Inc. now owns 27,174,914 shares of the financial services provider’s stock valued at $1,768,543,000 after buying an additional 120,595 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Fidelity National Financial by 7.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,001,001 shares of the financial services provider’s stock worth $585,785,000 after purchasing an additional 588,113 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Fidelity National Financial by 1.5% during the 1st quarter. Victory Capital Management Inc. now owns 8,214,280 shares of the financial services provider’s stock worth $534,585,000 after purchasing an additional 121,096 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Fidelity National Financial by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 4,497,471 shares of the financial services provider’s stock worth $252,037,000 after buying an additional 34,634 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Fidelity National Financial by 93.3% during the first quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider’s stock worth $244,967,000 after buying an additional 1,817,124 shares in the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $54.74 on Wednesday. The stock’s 50-day moving average is $60.33 and its two-hundred day moving average is $59.92. The firm has a market cap of $15.03 billion, a price-to-earnings ratio of 11.77 and a beta of 1.14. Fidelity National Financial has a 1 year low of $47.79 and a 1 year high of $66.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.35). Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter last year, the business posted $0.91 earnings per share. The business’s revenue was down 17.3% on a year-over-year basis. Analysts predict that Fidelity National Financial will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 16th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Monday, June 16th. Fidelity National Financial’s dividend payout ratio is presently 49.50%.

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.