Fidelity National Financial, Inc. (NYSE:FNF) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have received a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $70.40.

A number of analysts recently weighed in on FNF shares. Stephens increased their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods decreased their price target on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Barclays boosted their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their target price for the company from $76.00 to $77.00 in a research note on Friday, January 3rd.

Insider Activity

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction of $153,580.00. Following the completion of the sale, the director now owns 16,716 shares in the company, valued at $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the sale, the director now directly owns 32,386 shares in the company, valued at $1,824,303.38. This trade represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Capital Analysts LLC purchased a new position in Fidelity National Financial in the fourth quarter valued at about $29,000. Brooklyn Investment Group bought a new stake in shares of Fidelity National Financial in the 3rd quarter valued at about $35,000. Parkside Financial Bank & Trust grew its position in shares of Fidelity National Financial by 50.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock worth $35,000 after buying an additional 209 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of Fidelity National Financial during the 4th quarter worth approximately $37,000. Finally, True Wealth Design LLC bought a new position in shares of Fidelity National Financial during the 3rd quarter worth approximately $41,000. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Stock Down 1.3 %

Shares of NYSE FNF opened at $64.05 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial has a 12-month low of $46.85 and a 12-month high of $65.65. The firm’s 50-day moving average price is $59.40 and its 200-day moving average price is $59.77. The stock has a market capitalization of $17.61 billion, a price-to-earnings ratio of 13.77 and a beta of 1.32.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. On average, equities research analysts anticipate that Fidelity National Financial will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Monday, March 17th. Fidelity National Financial’s payout ratio is 43.01%.

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.