Fidelity National Financial, Inc. (NYSE:FNF) Stock Has Average Target Price of $54.25

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have earned an average recommendation of “Hold” from the five analysts that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $54.25.

Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Stephens reiterated an “overweight” rating and set a $55.00 target price on shares of Fidelity National Financial in a research note on Monday, August 24th. Barclays dropped their target price on Fidelity National Financial from $54.00 to $47.00 and set an “equal weight” rating on the stock in a report on Monday, October 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a report on Tuesday, September 8th. Finally, National Bank Financial set a $54.00 price target on Fidelity National Financial in a research note on Friday, August 7th.

Fidelity National Financial Stock Performance

Shares of FNF opened at $39.28 on Friday. The stock has a 50-day simple moving average of $44.56 and a 200-day simple moving average of $47.30. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a market capitalization of $10.54 billion, a PE ratio of 7.37, a PEG ratio of 0.58 and a beta of 0.94. Fidelity National Financial has a 1 year low of $37.88 and a 1 year high of $60.37.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data 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 return on equity of 16.07% and a net margin of 5.03%. The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the previous year, the company posted $1.16 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, analysts predict that Fidelity National Financial will post 5.18 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

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

Institutional Investors Weigh In On Fidelity National Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Valley Wealth Managers Inc. raised its holdings in Fidelity National Financial by 59.3% during the third quarter. Valley Wealth Managers Inc. now owns 123,280 shares of the financial services provider’s stock worth $4,765,000 after purchasing an additional 45,899 shares in the last quarter. Stokes Capital Advisors LLC lifted its position in shares of Fidelity National Financial by 33.9% during the 3rd quarter. Stokes Capital Advisors LLC now owns 8,300 shares of the financial services provider’s stock worth $321,000 after buying an additional 2,100 shares during the last quarter. Sound Income Strategies LLC lifted its position in shares of Fidelity National Financial by 3.0% during the 3rd quarter. Sound Income Strategies LLC now owns 161,390 shares of the financial services provider’s stock worth $6,418,000 after buying an additional 4,657 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Fidelity National Financial by 15.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,546 shares of the financial services provider’s stock worth $292,000 after buying an additional 994 shares during the last quarter. Finally, Apella Capital LLC boosted its holdings in shares of Fidelity National Financial by 67.3% in the 3rd quarter. Apella Capital LLC now owns 12,879 shares of the financial services provider’s stock valued at $503,000 after buying an additional 5,183 shares in the last quarter. Institutional investors and hedge funds 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.