Analysts Set Fidelity National Financial (FNF) Price Target at $44.00

Shares of Fidelity National Financial (NYSE:FNF) have received an average rating of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $44.00.

Several research analysts recently issued reports on the company. Zacks Investment Research raised Fidelity National Financial from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Wednesday, April 4th. ValuEngine cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. Piper Jaffray reaffirmed a “buy” rating and set a $44.00 target price on shares of Fidelity National Financial in a research report on Monday, December 18th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $42.00 price objective on shares of Fidelity National Financial in a research report on Friday, December 22nd. Finally, Stephens reissued a “buy” rating and issued a $46.00 price objective on shares of Fidelity National Financial in a research report on Thursday, February 1st.

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In other Fidelity National Financial news, Director Daniel D. Lane sold 18,810 shares of the business’s stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $41.38, for a total value of $778,357.80. Following the transaction, the director now owns 261,696 shares of the company’s stock, valued at $10,828,980.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Peter T. Sadowski sold 29,274 shares of the business’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $38.92, for a total value of $1,139,344.08. Following the completion of 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. 5.00% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Fidelity National Financial in the fourth quarter valued at $122,000. Cerebellum GP LLC bought a new stake in shares of Fidelity National Financial during the 4th quarter valued at $125,000. GSA Capital Partners LLP bought a new stake in shares of Fidelity National Financial during the 3rd quarter valued at $207,000. Whittier Trust Co. raised its stake in shares of Fidelity National Financial by 92.1% during the 4th quarter. Whittier Trust Co. now owns 5,215 shares of the financial services provider’s stock valued at $205,000 after purchasing an additional 2,500 shares during the period. Finally, Bell & Brown Wealth Advisors LLC bought a new stake in shares of Fidelity National Financial during the 4th quarter valued at $214,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Shares of NYSE:FNF opened at $38.60 on Friday. The company has a market cap of $10,478.07, a P/E ratio of 15.40 and a beta of 0.83. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.70 and a current ratio of 0.70. Fidelity National Financial has a 12-month low of $27.77 and a 12-month high of $42.52.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Tuesday, January 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The company had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Fidelity National Financial had a return on equity of 11.71% and a net margin of 8.13%. Fidelity National Financial’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 earnings per share. research analysts predict that Fidelity National Financial will post 2.79 earnings per share for the current fiscal year.

The firm also recently disclosed 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 2.80%. Fidelity National Financial’s dividend payout ratio is currently 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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