Fidelity National Financial (NYSE:FNF) Reaches New 1-Year Low - Should You Sell?

Key Points

• Fidelity National Financial shares fell to a new 52-week low of $42.52, well below their 50-day and 200-day moving averages of approximately $48.71 and $48.37.
• Analysts maintain a generally cautious outlook, with an average “Hold” rating and a $56 price target; individual targets range from $54 to $61.
• The company reported better-than-expected quarterly results, with $1.39 in EPS and $4.05 billion in revenue, while declaring a $0.52 quarterly dividend that equates to a 4.8% annualized yield.

Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $42.52 and last traded at $42.69, with a volume of 1423520 shares traded. The stock had previously closed at $43.62.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FNF shares. National Bank Financial set a $54.00 price objective on Fidelity National Financial in a research note on Friday, August 7th. Stephens reiterated an "overweight" rating and issued a $55.00 target price on shares of Fidelity National Financial in a report on Monday, August 24th. Barclays increased their price target on shares of Fidelity National Financial from $51.00 to $54.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. Zacks Research upgraded shares of Fidelity National Financial from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 26th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Fidelity National Financial from $64.00 to $61.00 and set an "outperform" rating on the stock in a report on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Fidelity National Financial currently has an average rating of "Hold" and an average target price of $56.00.

Fidelity National Financial Stock Performance

The business has a 50-day moving average price of $48.71 and a 200-day moving average price of $48.37. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $11.54 billion, a price-to-earnings ratio of 15.18, a P/E/G ratio of 0.66 and a beta of 0.93.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.08. Fidelity National Financial had a return on equity of 16.07% and a net margin of 5.03%.The firm had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $3.79 billion. During the same quarter last year, the firm earned $1.16 EPS. The business's quarterly revenue was up 11.4% on a year-over-year basis. As a group, sell-side analysts forecast that Fidelity National Financial, Inc. will post 5.18 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Wednesday, September 16th. Fidelity National Financial's dividend payout ratio (DPR) is currently 73.50%.

Insider Buying and Selling at Fidelity National Financial

In other news, EVP Peter Sadowski sold 69,196 shares of the business's stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the sale, the executive vice president owned 5,702 shares in the company, valued at approximately $260,581.40. The trade was a 92.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.70% of the company's stock.

Institutional Trading of Fidelity National Financial

A number of institutional investors have recently bought and sold shares of FNF. Sequoia Financial Advisors LLC grew its position in Fidelity National Financial by 6.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 8,476 shares of the financial services provider's stock worth $400,000 after purchasing an additional 504 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Fidelity National Financial by 28.3% in the second quarter. Tidal Investments LLC now owns 43,893 shares of the financial services provider's stock worth $2,070,000 after buying an additional 9,687 shares during the last quarter. National Pension Service lifted its stake in shares of Fidelity National Financial by 314.2% during the second quarter. National Pension Service now owns 112,189 shares of the financial services provider's stock worth $5,291,000 after buying an additional 85,106 shares during the period. WINTON GROUP Ltd lifted its stake in shares of Fidelity National Financial by 44.7% during the second quarter. WINTON GROUP Ltd now owns 13,094 shares of the financial services provider's stock worth $618,000 after buying an additional 4,042 shares during the period. Finally, Engineers Gate Manager LP grew its holdings in shares of Fidelity National Financial by 96.8% during the second quarter. Engineers Gate Manager LP now owns 81,080 shares of the financial services provider's stock valued at $3,824,000 after buying an additional 39,888 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

About Fidelity National Financial

Fidelity National Financial, Inc NYSE: FNF is a provider of title insurance, escrow and settlement services, and other title-related products in the United States. Through its Fidelity National Title Group businesses, the company helps protect property buyers, lenders and other parties against losses arising from defects in real estate titles and supports the closing of residential and commercial property transactions.

FNF's title operations include well-known brands such as Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.