Fidelity National Financial, Inc. (NYSE:FNF) Receives $71.20 Consensus Target Price from Brokerages

Key Points

• Fidelity National Financial, Inc. has received a consensus rating of "Moderate Buy" from five research firms, with one hold rating and four buy ratings.
• Barclays has lowered its price target for Fidelity National Financial from $67.00 to $65.00, maintaining an "equal weight" rating.
• The company will pay a $0.50 quarterly dividend on September 30th, representing a yield of 3.3% and a payout ratio of 50.76%.

Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the five research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $71.20.

Separately, Barclays dropped their target price on Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 8th.

Fidelity National Financial Stock Down 1.3%

Fidelity National Financial stock traded down $0.77 during mid-day trading on Friday, reaching $59.20. The stock had a trading volume of 232,502 shares, compared to its average volume of 1,545,179. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial has a fifty-two week low of $50.61 and a fifty-two week high of $66.72. The stock's 50-day simple moving average is $57.72 and its 200-day simple moving average is $59.08. The firm has a market capitalization of $16.09 billion, a PE ratio of 15.02 and a beta of 1.05.

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

Fidelity National Financial Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FNF. Vanguard Group Inc. lifted its holdings in Fidelity National Financial by 2.1% during the second quarter. Vanguard Group Inc. now owns 27,755,047 shares of the financial services provider's stock worth $1,555,948,000 after acquiring an additional 580,133 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Fidelity National Financial by 2.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 9,235,289 shares of the financial services provider's stock worth $517,730,000 after acquiring an additional 234,288 shares during the period. Victory Capital Management Inc. lifted its holdings in Fidelity National Financial by 1.5% during the first quarter. Victory Capital Management Inc. now owns 8,214,280 shares of the financial services provider's stock worth $534,585,000 after acquiring an additional 121,096 shares during the period. Geode Capital Management LLC lifted its holdings in Fidelity National Financial by 0.8% during the second quarter. Geode Capital Management LLC now owns 4,795,238 shares of the financial services provider's stock worth $268,026,000 after acquiring an additional 37,473 shares during the period. Finally, Millennium Management LLC lifted its holdings in Fidelity National Financial by 93.3% during the first quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider's stock worth $244,967,000 after acquiring an additional 1,817,124 shares during the period. Institutional investors own 81.17% of the company's stock.

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.