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

Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) has earned an average recommendation of "Moderate Buy" from the five ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $71.60.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FNF. Capital Analysts LLC purchased a new position in shares of Fidelity National Financial during the 4th quarter worth approximately $29,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Fidelity National Financial by 80.0% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider's stock worth $30,000 after acquiring an additional 208 shares during the period. Opal Wealth Advisors LLC purchased a new position in shares of Fidelity National Financial during the 1st quarter worth approximately $32,000. Rise Advisors LLC purchased a new position in shares of Fidelity National Financial during the 1st quarter worth approximately $32,000. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Fidelity National Financial by 50.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock worth $35,000 after acquiring an additional 209 shares during the period. Hedge funds and other institutional investors own 81.17% of the company's stock.

Fidelity National Financial Trading Up 0.7%

Shares of FNF stock opened at $54.50 on Friday. The firm has a market cap of $14.97 billion, a P/E ratio of 13.49 and a beta of 1.02. The business has a 50-day moving average price of $58.08 and a two-hundred day moving average price of $59.14. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. Fidelity National Financial has a 12-month low of $47.79 and a 12-month high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.35). The company had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $3.32 billion. Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. The firm's quarterly revenue was down 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 EPS. Equities analysts anticipate that Fidelity National Financial will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 16th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.67%. 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.

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