Fidelity National Financial Inc (NYSE:FNF) Receives Average Recommendation of “Buy” from Brokerages

Share on StockTwits

Fidelity National Financial Inc (NYSE:FNF) has earned a consensus recommendation of “Buy” from the eight analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $44.67.

FNF has been the subject of several research reports. Zacks Investment Research upgraded First Industrial Realty Trust from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Wednesday, June 5th. Susquehanna Bancshares set a $13.00 target price on SM Energy and gave the stock a “hold” rating in a research note on Wednesday, June 19th. ValuEngine downgraded Zions Bancorporation NA from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. SunTrust Banks raised their target price on Fidelity National Financial to $45.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, Piper Jaffray Companies cut their target price on CELYAD SA/ADR from $51.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, April 1st.

Shares of Fidelity National Financial stock traded down $0.06 on Wednesday, reaching $41.59. 802,295 shares of the company’s stock were exchanged, compared to its average volume of 1,013,037. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18. Fidelity National Financial has a 52 week low of $29.50 and a 52 week high of $41.85. The business has a 50-day moving average price of $39.97. The firm has a market cap of $11.45 billion, a P/E ratio of 15.40 and a beta of 0.91.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, April 24th. The financial services provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.58 billion. Fidelity National Financial had a return on equity of 16.03% and a net margin of 9.67%. Fidelity National Financial’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 earnings per share. Sell-side analysts forecast that Fidelity National Financial will post 2.76 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.98%. Fidelity National Financial’s dividend payout ratio is 45.93%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Princeton Global Asset Management LLC increased its stake in Fidelity National Financial by 7.4% in the 1st quarter. Princeton Global Asset Management LLC now owns 10,228 shares of the financial services provider’s stock worth $373,000 after purchasing an additional 702 shares during the period. MUFG Securities EMEA plc purchased a new position in Fidelity National Financial in the 4th quarter worth approximately $1,082,000. FMR LLC increased its stake in Fidelity National Financial by 14.9% in the 4th quarter. FMR LLC now owns 12,842,297 shares of the financial services provider’s stock worth $403,763,000 after purchasing an additional 1,665,150 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in Fidelity National Financial by 10.7% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 23,720 shares of the financial services provider’s stock worth $866,000 after purchasing an additional 2,300 shares during the period. Finally, National Pension Service increased its stake in Fidelity National Financial by 223.7% in the 4th quarter. National Pension Service now owns 9,705 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 6,707 shares during the period. 82.77% of the stock is currently owned by institutional investors.

About Fidelity National Financial

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.

Featured Story: Trading Ex-Dividend

Analyst Recommendations for Fidelity National Financial (NYSE:FNF)

Receive News & Ratings for Fidelity National Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Financial and related companies with MarketBeat.com's FREE daily email newsletter.