Barclays Issues Pessimistic Forecast for Fidelity National Financial (NYSE:FNF) Stock Price

Fidelity National Financial (NYSE:FNF - Free Report) had its price objective trimmed by Barclays from $67.00 to $65.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the financial services provider's stock.

Separately, Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective for the company in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.20.

Fidelity National Financial Stock Up 3.1%

Shares of Fidelity National Financial stock traded up $1.60 during trading on Tuesday, reaching $52.82. The company's stock had a trading volume of 6,020,493 shares, compared to its average volume of 1,291,338. Fidelity National Financial has a 1-year low of $50.61 and a 1-year high of $66.72. The company has a 50-day simple moving average of $56.10 and a two-hundred day simple moving average of $58.84. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. The company has a market cap of $14.51 billion, a price-to-earnings ratio of 13.07 and a beta of 1.02.

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

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 16th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.00 dividend on an annualized basis and a yield of 3.79%. Fidelity National Financial's dividend payout ratio (DPR) is 49.50%.

Institutional Trading of Fidelity National Financial

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Fidelity National Financial by 0.4% in the first quarter. Vanguard Group Inc. now owns 27,174,914 shares of the financial services provider's stock worth $1,768,543,000 after purchasing an additional 120,595 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Fidelity National Financial by 7.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,001,001 shares of the financial services provider's stock worth $585,785,000 after buying an additional 588,113 shares during the period. Victory Capital Management Inc. raised its position in Fidelity National Financial by 1.5% during the 1st quarter. Victory Capital Management Inc. now owns 8,214,280 shares of the financial services provider's stock worth $534,585,000 after buying an additional 121,096 shares during the last quarter. Geode Capital Management LLC lifted its stake in Fidelity National Financial by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 4,497,471 shares of the financial services provider's stock valued at $252,037,000 after acquiring an additional 34,634 shares during the period. Finally, Millennium Management LLC lifted its stake in Fidelity National Financial by 93.3% during 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 acquiring an additional 1,817,124 shares during the period. Hedge funds and other 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.