Fidelity National Financial, Inc. (NYSE:FNF) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Fidelity National Financial has received a consensus rating of "Moderate Buy" from five analysts, with an average 12-month price target of $71.20.
• The company recently declared a quarterly dividend of $0.50, representing a dividend yield of 3.3% and a payout ratio of 50.76%.
• Despite a positive revenue increase, Fidelity National Financial reported an EPS of $1.16 for the latest quarter, missing analysts' estimates by $0.24.

Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the five brokerages that are currently covering the stock, MarketBeat reports. One equities 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 brokers that have issued a report on the stock in the last year is $71.20.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its holdings in shares of Fidelity National Financial by 4,545.5% during the second quarter. Blue Trust Inc. now owns 511 shares of the financial services provider's stock worth $29,000 after buying an additional 500 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Fidelity National Financial during the second quarter worth approximately $29,000. Cary Street Partners Investment Advisory LLC lifted its holdings in Fidelity National Financial by 80.0% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider's stock valued at $30,000 after buying an additional 208 shares during the period. Opal Wealth Advisors LLC acquired a new position in Fidelity National Financial in the first quarter valued at approximately $32,000. Finally, Rise Advisors LLC acquired a new position in Fidelity National Financial in the first quarter valued at approximately $32,000. Institutional investors own 81.17% of the company's stock.

Fidelity National Financial Stock Down 1.1%

Fidelity National Financial stock opened at $59.76 on Tuesday. The firm has a market cap of $16.24 billion, a PE ratio of 15.17 and a beta of 1.05. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. The firm's 50 day moving average price is $59.01 and its two-hundred day moving average price is $58.74. Fidelity National Financial has a twelve month low of $50.61 and a twelve month high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $1.16 EPS 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 firm had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.64 billion. During the same quarter last year, the firm earned $1.24 EPS. The business's revenue for the quarter was up 15.1% compared to the same quarter last year. On average, research analysts predict that Fidelity National Financial will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 3.3%. Fidelity National Financial's payout ratio is currently 50.76%.

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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