Fidelity National Financial, Inc. (NYSE:FNF) Receives $70.00 Average Price Target from Analysts

Fidelity National Financial, Inc. (NYSE:FNF) has been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $70.00.

Several analysts have commented on FNF shares. Weiss Ratings restated a “buy (b)” rating on shares of Fidelity National Financial in a report on Monday. National Bankshares set a $64.00 target price on shares of Fidelity National Financial in a research report on Monday, October 6th. Barclays reaffirmed a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. Stephens started coverage on shares of Fidelity National Financial in a research note on Friday, November 14th. They set an “overweight” rating on the stock. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Fidelity National Financial from $69.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, November 10th.

Fidelity National Financial Trading Down 1.9%

Shares of FNF opened at $57.55 on Friday. Fidelity National Financial has a fifty-two week low of $50.61 and a fifty-two week high of $66.72. The company has a market capitalization of $15.60 billion, a PE ratio of 13.38 and a beta of 1.01. The stock has a fifty day moving average of $57.09 and a two-hundred day moving average of $57.34. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.25 and a current ratio of 0.25.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Thursday, July 13th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter. The business had revenue of $3.17 billion for the quarter. Fidelity National Financial had a return on equity of 15.06% and a net margin of 8.34%. As a group, analysts forecast that Fidelity National Financial will post 6.28 EPS for the current year.

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.6%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, December 17th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 46.51%.

Insider Buying and Selling

In other news, Director Daniel D. Lane sold 6,367 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $57.63, for a total value of $366,930.21. Following the transaction, the director directly owned 276,308 shares in the company, valued at $15,923,630.04. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.50% of the stock is owned by corporate insiders.

Institutional Trading of Fidelity National Financial

A number of institutional investors have recently modified their holdings of FNF. Vanguard Group Inc. increased its position in Fidelity National Financial by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 27,755,047 shares of the financial services provider’s stock worth $1,555,948,000 after purchasing an additional 580,133 shares in the last quarter. Windacre Partnership LLC grew its stake in Fidelity National Financial by 31.0% during the third quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock worth $1,143,569,000 after buying an additional 4,477,900 shares during the period. State Street Corp increased its position in shares of Fidelity National Financial by 0.3% in the third quarter. State Street Corp now owns 9,469,029 shares of the financial services provider’s stock worth $572,782,000 after acquiring an additional 31,318 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Fidelity National Financial by 2.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 9,235,289 shares of the financial services provider’s stock valued at $517,730,000 after acquiring an additional 234,288 shares during the period. Finally, Cooke & Bieler LP raised its stake in shares of Fidelity National Financial by 12.3% in the 3rd quarter. Cooke & Bieler LP now owns 5,258,399 shares of the financial services provider’s stock valued at $318,081,000 after acquiring an additional 574,189 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

About Fidelity National Financial

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