Fidelity National Financial (FNF) Given Consensus Rating of “Buy” by Analysts

Shares of Fidelity National Financial (NYSE:FNF) have been given a consensus recommendation of “Buy” by the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $44.00.

A number of research firms recently issued reports on FNF. Zacks Investment Research lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Barclays set a $46.00 price target on shares of Fidelity National Financial and gave the stock a “buy” rating in a research report on Friday, January 12th. ValuEngine lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $42.00 price target on shares of Fidelity National Financial in a research report on Friday, December 22nd.

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In other news, Director Daniel D. Lane sold 18,810 shares of Fidelity National Financial stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $41.38, for a total transaction of $778,357.80. Following the sale, the director now directly owns 261,696 shares in the company, valued at approximately $10,828,980.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Peter T. Sadowski sold 29,274 shares of Fidelity National Financial stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $38.92, for a total transaction of $1,139,344.08. Following the sale, the executive vice president now owns 123,328 shares in the company, valued at $4,799,925.76. The disclosure for this sale can be found here. Insiders sold a total of 111,239 shares of company stock worth $4,387,062 over the last 90 days. Company insiders own 5.00% of the company’s stock.



Institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC boosted its position in shares of Fidelity National Financial by 242.9% during the 3rd quarter. Janus Henderson Group PLC now owns 387,002 shares of the financial services provider’s stock valued at $18,366,000 after acquiring an additional 274,143 shares in the last quarter. Ellington Management Group LLC boosted its position in shares of Fidelity National Financial by 49.1% during the 4th quarter. Ellington Management Group LLC now owns 7,900 shares of the financial services provider’s stock valued at $310,000 after acquiring an additional 2,600 shares in the last quarter. Flinton Capital Management LLC acquired a new stake in shares of Fidelity National Financial during the 4th quarter valued at about $1,348,000. PhiloSmith Capital Corp acquired a new stake in shares of Fidelity National Financial during the 4th quarter valued at about $4,335,000. Finally, Standard Life Aberdeen plc boosted its position in shares of Fidelity National Financial by 613.0% during the 4th quarter. Standard Life Aberdeen plc now owns 197,136 shares of the financial services provider’s stock valued at $7,737,000 after acquiring an additional 169,486 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

NYSE:FNF traded down $0.72 during midday trading on Friday, reaching $37.84. The stock had a trading volume of 1,049,733 shares, compared to its average volume of 1,572,147. Fidelity National Financial has a 1-year low of $28.39 and a 1-year high of $42.52. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $10,741.53, a PE ratio of 16.68 and a beta of 0.83.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. Fidelity National Financial had a net margin of 8.13% and a return on equity of 11.71%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period last year, the business posted $0.71 EPS. Fidelity National Financial’s revenue was down 8.9% compared to the same quarter last year. analysts anticipate that Fidelity National Financial will post 2.79 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 16th were given a $0.27 dividend. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $1.08 annualized dividend and a yield of 2.85%. Fidelity National Financial’s dividend payout ratio is 52.86%.

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Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries 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 collection and trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.

Analyst Recommendations for Fidelity National Financial (NYSE:FNF)

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