Fidelity National Financial (NYSE:FNF) Sets New 52-Week Low - Here's Why

Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) shares reached a new 52-week low during trading on Friday . The company traded as low as $50.61 and last traded at $51.32, with a volume of 604765 shares traded. The stock had previously closed at $51.22.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on FNF shares. Barclays reduced their price target on shares of Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 8th. 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 on the stock in a research report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.20.

Fidelity National Financial Stock Performance

The firm has a market cap of $14.51 billion, a price-to-earnings ratio of 13.07 and a beta of 1.02. The stock's 50 day moving average is $56.10 and its 200 day moving average is $58.85. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share (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 the consensus estimate of $3.32 billion. Fidelity National Financial had a net margin of 8.43% and a return on equity of 14.88%. The business's revenue for the quarter was down 17.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. Analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

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

Institutional Trading of Fidelity National Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Capital Analysts LLC bought a new position in Fidelity National Financial in the 4th quarter valued at approximately $29,000. Cary Street Partners Investment Advisory LLC increased its position in shares of Fidelity National Financial by 80.0% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider's stock worth $30,000 after buying 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 $32,000. Rise Advisors LLC acquired a new stake in shares of Fidelity National Financial during the first quarter worth $32,000. Finally, Synergy Investment Management LLC bought a new stake in Fidelity National Financial in the first quarter valued at $36,000. Institutional investors own 81.17% of the company's stock.

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.