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

Key Points

• Brokerages have given Fidelity National Financial (NYSE:FNF) an average recommendation of "Moderate Buy," with a target price of $71.20.
• The company recently reported quarterly earnings of $1.16 per share, missing estimates, although revenue increased by 15.1% year-over-year.
• Fidelity National Financial declared a quarterly dividend of $0.50, representing an annual yield of 3.4% with a payout ratio of 50.76%.

Shares of Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) have received an average recommendation of "Moderate Buy" from the five brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $71.20.

Separately, Barclays lowered 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.

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $58.31 on Monday. The stock's 50-day moving average is $55.64 and its two-hundred day moving average is $58.80. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial has a 1-year low of $50.61 and a 1-year high of $66.72. The company has a market cap of $15.84 billion, a price-to-earnings ratio of 14.80 and a beta of 1.02.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.24). The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.64 billion. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%. The company's revenue was up 15.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.24 earnings per share. Analysts forecast that Fidelity National Financial will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. Fidelity National Financial's dividend payout ratio is 50.76%.

Institutional Trading of Fidelity National Financial

A number of large investors have recently made changes to their positions in FNF. Nuveen LLC acquired a new stake in shares of Fidelity National Financial in the 1st quarter valued at about $178,433,000. Millennium Management LLC boosted its position in shares of Fidelity National Financial by 93.3% in the 1st quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider's stock valued at $244,967,000 after purchasing an additional 1,817,124 shares during the period. AQR Capital Management LLC boosted its position in shares of Fidelity National Financial by 70.6% in the 1st quarter. AQR Capital Management LLC now owns 1,992,047 shares of the financial services provider's stock valued at $129,264,000 after purchasing an additional 824,562 shares during the period. Invesco Ltd. boosted its position in shares of Fidelity National Financial by 53.3% in the 4th quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider's stock valued at $123,490,000 after purchasing an additional 764,958 shares during the period. Finally, Hsbc Holdings PLC boosted its position in shares of Fidelity National Financial by 99.0% in the 4th quarter. Hsbc Holdings PLC now owns 1,437,460 shares of the financial services provider's stock valued at $80,689,000 after purchasing an additional 715,070 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

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.

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