Shares of Fidelity National Financial Inc (NYSE:FNF) have been assigned an average rating of “Buy” from the eight brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $46.40.
Several equities analysts have commented on the stock. SunTrust Banks boosted their price target on shares of Fidelity National Financial to $45.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Susquehanna Bancshares assumed coverage on shares of Fidelity National Financial in a research note on Wednesday, June 19th. They issued a “positive” rating and a $48.00 price target for the company. Zacks Investment Research downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Thursday. Keefe, Bruyette & Woods boosted their price target on shares of Fidelity National Financial from $44.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Finally, Compass Point upgraded shares of Fidelity National Financial from a “neutral” rating to a “buy” rating in a research note on Monday, July 8th.
Several hedge funds have recently modified their holdings of the stock. Penserra Capital Management LLC acquired a new position in Fidelity National Financial in the first quarter valued at $26,000. Rockefeller Capital Management L.P. boosted its stake in Fidelity National Financial by 1,534.8% in the second quarter. Rockefeller Capital Management L.P. now owns 752 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 706 shares in the last quarter. Icon Wealth Partners LLC acquired a new position in Fidelity National Financial in the first quarter valued at $42,000. Steward Partners Investment Advisory LLC acquired a new position in Fidelity National Financial in the second quarter valued at $50,000. Finally, SRS Capital Advisors Inc. acquired a new position in Fidelity National Financial in the second quarter valued at $62,000. Hedge funds and other institutional investors own 82.85% of the company’s stock.
Fidelity National Financial (NYSE:FNF) last announced its earnings results on Tuesday, July 16th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.08. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.08 billion. Fidelity National Financial had a return on equity of 16.10% and a net margin of 9.84%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 earnings per share. On average, sell-side analysts expect that Fidelity National Financial will post 2.85 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.24 annualized dividend and a dividend yield of 2.81%. Fidelity National Financial’s dividend payout ratio (DPR) is 45.93%.
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.
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