Fidelity National Financial (NYSE:FNF) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Fidelity National Financial (NYSE:FNF – Get Rating) in a research note released on Thursday morning. The firm issued a hold rating on the financial services provider’s stock.

A number of other analysts have also recently weighed in on FNF. Keefe, Bruyette & Woods lowered their price objective on Fidelity National Financial from $47.00 to $45.00 and set an outperform rating for the company in a research report on Tuesday, February 28th. Truist Financial lowered their price objective on Fidelity National Financial from $60.00 to $56.00 and set a buy rating for the company in a research report on Tuesday, November 29th. Credit Suisse Group reissued an outperform rating and issued a $47.00 price objective on shares of Fidelity National Financial in a research report on Thursday, March 2nd. Finally, Barclays lowered their price target on Fidelity National Financial from $53.00 to $48.00 and set an overweight rating for the company in a research report on Friday, February 24th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $49.00.

Fidelity National Financial Trading Down 2.7 %

Shares of NYSE:FNF opened at $32.11 on Thursday. Fidelity National Financial has a 12-month low of $31.84 and a 12-month high of $50.50. The business’s fifty day simple moving average is $40.59 and its 200-day simple moving average is $39.31. The company has a market capitalization of $8.74 billion, a PE ratio of 7.89 and a beta of 1.36. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54.

Fidelity National Financial (NYSE:FNF – Get Rating) last posted its quarterly earnings data on Wednesday, February 22nd. The financial services provider reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.22). The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.98 billion. Fidelity National Financial had a return on equity of 22.52% and a net margin of 9.83%. The firm’s revenue for the quarter was down 46.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.16 EPS. As a group, equities research analysts predict that Fidelity National Financial will post 4.61 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, March 16th. This represents a $1.80 dividend on an annualized basis and a yield of 5.61%. Fidelity National Financial’s dividend payout ratio is currently 44.23%.

Institutional Trading of Fidelity National Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FNF. Salem Investment Counselors Inc. acquired a new stake in Fidelity National Financial during the 2nd quarter worth about $26,000. Paragon Wealth Strategies LLC acquired a new position in shares of Fidelity National Financial in the 3rd quarter valued at about $29,000. Ten Capital Wealth Advisors LLC acquired a new position in shares of Fidelity National Financial in the 3rd quarter valued at about $31,000. Ronald Blue Trust Inc. lifted its holdings in shares of Fidelity National Financial by 729.2% in the 4th quarter. Ronald Blue Trust Inc. now owns 995 shares of the financial services provider’s stock valued at $36,000 after buying an additional 875 shares during the period. Finally, Trust Co. of Vermont acquired a new position in shares of Fidelity National Financial in the 3rd quarter valued at about $41,000. Institutional investors and hedge funds own 77.98% of the company’s stock.

Fidelity National Financial Company Profile

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Fidelity National Financial, Inc engages in the provision of title insurance and transaction services to the real estate and mortgage industries. Its services include title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products and technology and transaction services to the real estate and mortgage industries.