FNF Group of Fidelity National Financial (FNF) Given a $46.00 Price Target at Barclays

Barclays set a $46.00 target price on FNF Group of Fidelity National Financial (NYSE:FNF) in a report released on Friday. The brokerage currently has a buy rating on the financial services provider’s stock.

Several other brokerages have also weighed in on FNF. Zacks Investment Research lowered FNF Group of Fidelity National Financial from a buy rating to a hold rating in a report on Tuesday, September 19th. Piper Jaffray Companies reissued a buy rating and issued a $44.00 price objective on shares of FNF Group of Fidelity National Financial in a report on Monday, December 18th. Keefe, Bruyette & Woods reissued a hold rating and issued a $42.00 price objective on shares of FNF Group of Fidelity National Financial in a report on Friday, December 22nd. ValuEngine raised FNF Group of Fidelity National Financial from a hold rating to a buy rating in a report on Friday, November 10th. Finally, SunTrust Banks reissued a buy rating and issued a $41.00 price objective on shares of FNF Group of Fidelity National Financial in a report on Friday, October 20th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. FNF Group of Fidelity National Financial has a consensus rating of Buy and an average price target of $44.00.

Shares of FNF Group of Fidelity National Financial (FNF) traded down $0.06 during trading on Friday, reaching $40.76. The company had a trading volume of 1,100,000 shares, compared to its average volume of 1,520,000. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $11,180.00, a price-to-earnings ratio of -582.29 and a beta of 0.69. FNF Group of Fidelity National Financial has a 1 year low of $26.37 and a 1 year high of $41.54.

FNF Group of Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.04. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.96 billion. FNF Group of Fidelity National Financial had a return on equity of 11.05% and a net margin of 7.77%. FNF Group of Fidelity National Financial’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 earnings per share. equities analysts anticipate that FNF Group of Fidelity National Financial will post 2.47 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, December 14th. This is a positive change from FNF Group of Fidelity National Financial’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 2.65%. FNF Group of Fidelity National Financial’s dividend payout ratio is -1,885.71%.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of FNF Group of Fidelity National Financial by 1.9% during the second quarter. Vanguard Group Inc. now owns 22,037,492 shares of the financial services provider’s stock valued at $987,941,000 after purchasing an additional 413,840 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of FNF Group of Fidelity National Financial by 8.7% during the third quarter. Victory Capital Management Inc. now owns 4,698,531 shares of the financial services provider’s stock valued at $222,993,000 after purchasing an additional 375,435 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of FNF Group of Fidelity National Financial by 0.8% during the third quarter. Wells Fargo & Company MN now owns 4,251,372 shares of the financial services provider’s stock valued at $201,770,000 after purchasing an additional 34,143 shares during the last quarter. Northern Trust Corp grew its holdings in shares of FNF Group of Fidelity National Financial by 3.6% during the second quarter. Northern Trust Corp now owns 1,674,834 shares of the financial services provider’s stock valued at $75,083,000 after purchasing an additional 57,783 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of FNF Group of Fidelity National Financial by 6.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,509,469 shares of the financial services provider’s stock valued at $71,636,000 after purchasing an additional 93,090 shares during the last quarter. 81.27% of the stock is owned by institutional investors.

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FNF Group of Fidelity National Financial Company Profile

Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.

Analyst Recommendations for FNF Group of Fidelity National Financial (NYSE:FNF)

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