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

Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) has been given a consensus rating of "Moderate Buy" by the five brokerages that are covering the stock, MarketBeat.com 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 price objective among brokerages that have covered the stock in the last year is $71.20.

Several analysts recently commented on FNF shares. Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 target price for the company in a research note on Tuesday, April 8th. Barclays cut their price objective on Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 8th.

Institutional Trading of Fidelity National Financial

Several large investors have recently added to or reduced their stakes in FNF. Capital Analysts LLC purchased a new position in shares of Fidelity National Financial during the fourth quarter valued at $29,000. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Fidelity National Financial by 80.0% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 208 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of Fidelity National Financial during the first quarter worth approximately $32,000. Rise Advisors LLC purchased a new position in Fidelity National Financial during the first quarter valued at approximately $32,000. Finally, Synergy Investment Management LLC acquired a new position in Fidelity National Financial in the 1st quarter valued at approximately $36,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

Shares of FNF traded up $0.48 during midday trading on Thursday, reaching $54.99. The stock had a trading volume of 6,913,602 shares, compared to its average volume of 1,333,322. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market capitalization of $15.10 billion, a P/E ratio of 13.61 and a beta of 1.02. The firm's 50 day moving average price is $55.30 and its 200-day moving average price is $58.75. Fidelity National Financial has a 52 week low of $50.61 and a 52 week high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings results 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). Fidelity National Financial had a return on equity of 14.88% and a net margin of 8.43%. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter last year, the firm posted $0.91 earnings per share. Fidelity National Financial's revenue was down 17.3% compared to the same quarter last year. On average, analysts forecast that Fidelity National Financial will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Monday, June 16th. Fidelity National Financial's dividend payout ratio is 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.