Barclays Cuts Fidelity National Financial (NYSE:FNF) Price Target to $47.00

Fidelity National Financial (NYSE:FNF) had its price objective reduced by Barclays from $54.00 to $47.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

Several other research firms also recently commented on FNF. Zacks Research upgraded Fidelity National Financial from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity National Financial in a research report on Tuesday, September 8th. Keefe, Bruyette & Woods dropped their price objective on Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating for the company in a research note on Monday, August 10th. Stephens reissued an “overweight” rating and set a $55.00 price objective on shares of Fidelity National Financial in a report on Monday, August 24th. Finally, National Bank Financial set a $54.00 target price on shares of Fidelity National Financial in a research note on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Fidelity National Financial presently has an average rating of “Hold” and an average target price of $54.25.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $39.06 on Monday. Fidelity National Financial has a 12-month low of $37.88 and a 12-month high of $60.37. 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 $10.48 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 0.58 and a beta of 0.94. The firm has a 50-day moving average price of $45.56 and a 200 day moving average price of $47.45.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. Fidelity National Financial had a net margin of 5.03% and a return on equity of 16.07%. 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 company earned $1.16 earnings per share. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. Research analysts anticipate that Fidelity National Financial will post 5.18 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend was Wednesday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 73.50%.

Hedge Funds Weigh In On Fidelity National Financial

Several institutional investors have recently bought and sold shares of FNF. Kera Capital Partners Inc. grew its holdings in shares of Fidelity National Financial by 6.1% during the 4th quarter. Kera Capital Partners Inc. now owns 3,946 shares of the financial services provider’s stock valued at $215,000 after purchasing an additional 228 shares during the last quarter. Sage Rhino Capital LLC lifted its stake in Fidelity National Financial by 8.8% in the 1st quarter. Sage Rhino Capital LLC now owns 4,325 shares of the financial services provider’s stock valued at $201,000 after purchasing an additional 351 shares during the last quarter. CWS Financial Advisors LLC lifted its stake in Fidelity National Financial by 4.7% in the 1st quarter. CWS Financial Advisors LLC now owns 8,048 shares of the financial services provider’s stock valued at $373,000 after purchasing an additional 361 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Fidelity National Financial by 6.3% in the second quarter. Sequoia Financial Advisors LLC now owns 8,476 shares of the financial services provider’s stock valued at $400,000 after buying an additional 504 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC acquired a new stake in Fidelity National Financial in the fourth quarter valued at approximately $28,000. Institutional investors own 81.17% of the company’s stock.

About Fidelity National Financial

Fidelity National Financial, Inc (NYSE:FNF) is a leading provider of title insurance and transaction services in the United States. Through its title insurance companies, the company helps protect property owners and lenders against losses arising from defects in property titles and supports the closing of residential and commercial real estate transactions.

FNF operates a portfolio of well-known title brands, including Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title.