Fidelity National Financial, Inc. (NYSE:FNF) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the five research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $71.60.

FNF has been the subject of several recent analyst reports. Wall Street Zen cut Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective for the company in a research note on Tuesday, April 8th. Stephens lifted their price objective 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. Finally, Barclays lifted their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FNF. Norges Bank acquired a new position in Fidelity National Financial during the 4th quarter worth $158,386,000. Nuveen LLC acquired a new position in Fidelity National Financial during the 1st quarter worth $178,433,000. Millennium Management LLC grew its stake in Fidelity National Financial by 93.3% during the 1st quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider's stock worth $244,967,000 after purchasing an additional 1,817,124 shares in the last quarter. AQR Capital Management LLC grew its stake in Fidelity National Financial by 70.6% during the 1st quarter. AQR Capital Management LLC now owns 1,992,047 shares of the financial services provider's stock worth $129,264,000 after purchasing an additional 824,562 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Fidelity National Financial by 53.3% during the 4th quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider's stock worth $123,490,000 after purchasing an additional 764,958 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Trading Up 0.6%

FNF stock traded up $0.33 during midday trading on Wednesday, hitting $54.74. 2,470,913 shares of the company's stock were exchanged, compared to its average volume of 1,162,162. The business has a 50-day simple moving average of $60.33 and a two-hundred day simple moving average of $59.92. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $15.03 billion, a PE 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.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.35). The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. Fidelity National Financial's revenue was down 17.3% compared to the same quarter last year. During the same period last year, the business earned $0.91 EPS. On average, sell-side analysts predict that Fidelity National Financial will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

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

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.