Fidelity National Financial (NYSE:FNF) Shares Down 5.8% - Should You Sell?

Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) was down 5.8% during mid-day trading on Thursday . The company traded as low as $51.91 and last traded at $51.94. Approximately 1,040,758 shares were traded during trading, a decline of 29% from the average daily volume of 1,474,895 shares. The stock had previously closed at $55.12.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FNF. Keefe, Bruyette & Woods raised Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target for the company in a research report on Tuesday, April 8th. Barclays decreased their price objective on shares of Fidelity National Financial from $67.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, 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%

The firm's 50-day moving average price is $56.10 and its 200 day moving average price is $58.85. The company has a market capitalization of $14.51 billion, a price-to-earnings ratio of 13.07 and a beta of 1.02. 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 issued its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.35). The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a net margin of 8.43% and a return on equity of 14.88%. Fidelity National Financial's quarterly revenue was down 17.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 earnings per share. On average, sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

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

Hedge Funds Weigh In On Fidelity National Financial

Institutional investors have recently added to or reduced their stakes in the stock. Capital Analysts LLC acquired a new position in Fidelity National Financial during the 4th quarter worth approximately $29,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Fidelity National Financial by 80.0% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 208 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Fidelity National Financial in the 1st quarter valued at $32,000. Rise Advisors LLC bought a new position in shares of Fidelity National Financial in the 1st quarter valued at $32,000. Finally, Synergy Investment Management LLC bought a new position in shares of Fidelity National Financial in the 1st quarter valued at $36,000. 81.17% of the stock is currently 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.