Fidelity National Financial, Inc. (NYSE:FNF) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Analysts have a “Hold” consensus on Fidelity National Financial, with three hold ratings and two buy ratings. The average 12-month price target is $54.25, versus a recent share price of $39.68.
• Institutional investors and hedge funds own approximately 81.17% of FNF’s shares, with several firms increasing their positions during the third quarter.
• FNF exceeded quarterly expectations, reporting $1.39 in earnings per share and $4.05 billion in revenue, while revenue rose 11.4% year over year. The company also pays a quarterly dividend of $0.52, equivalent to a 5.2% annualized yield.

Shares of Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) have received an average recommendation of "Hold" from the five analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $54.25.

Several equities research analysts have issued reports on FNF shares. Zacks Research raised shares of Fidelity National Financial from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 26th. Barclays reduced their price objective on shares of Fidelity National Financial from $54.00 to $47.00 and set an "equal weight" rating for the company in a report on Monday. Weiss Ratings reiterated a "hold (c)" rating on shares of Fidelity National Financial in a research report on Tuesday, September 8th. Stephens reissued an "overweight" rating and issued a $55.00 price target on shares of Fidelity National Financial in a research report on Monday, August 24th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Fidelity National Financial from $64.00 to $61.00 and set an "outperform" rating for the company in a research note on Monday, August 10th.

Institutional Trading of Fidelity National Financial

Institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its stake in Fidelity National Financial by 15.2% during the third quarter. Farther Finance Advisors LLC now owns 7,546 shares of the financial services provider's stock worth $292,000 after acquiring an additional 994 shares in the last quarter. Apella Capital LLC boosted its stake in shares of Fidelity National Financial by 67.3% in the 3rd quarter. Apella Capital LLC now owns 12,879 shares of the financial services provider's stock valued at $503,000 after purchasing an additional 5,183 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its stake in shares of Fidelity National Financial by 5.4% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 5,255 shares of the financial services provider's stock valued at $203,000 after purchasing an additional 267 shares in the last quarter. Applied Capital LLC FL grew its holdings in shares of Fidelity National Financial by 3.2% in the 3rd quarter. Applied Capital LLC FL now owns 28,858 shares of the financial services provider's stock worth $1,115,000 after purchasing an additional 892 shares during the last quarter. Finally, Eastover Investment Advisors LLC grew its holdings in shares of Fidelity National Financial by 2.3% in the 3rd quarter. Eastover Investment Advisors LLC now owns 138,125 shares of the financial services provider's stock worth $5,339,000 after purchasing an additional 3,170 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Fidelity National Financial Stock Up 1.7%

FNF stock opened at $39.68 on Friday. Fidelity National Financial has a twelve month low of $37.88 and a twelve month high of $60.37. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.50. The company has a market cap of $10.64 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 0.58 and a beta of 0.94. The business's 50-day simple moving average is $45.31 and its 200 day simple moving average is $47.42.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.08. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.79 billion. Fidelity National Financial had a return on equity of 16.07% and a net margin of 5.03%.The company's quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the company earned $1.16 EPS. On average, research analysts anticipate that Fidelity National Financial will post 5.18 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were issued a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 5.2%. Fidelity National Financial's dividend payout ratio is presently 73.50%.

About Fidelity National Financial

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.

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