Barclays Analysts Give FNF Group of Fidelity National Financial (FNF) a $46.00 Price Target

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

A number of other research firms have also weighed in on FNF. Zacks Investment Research upgraded shares of FNF Group of Fidelity National Financial from a hold rating to a buy rating and set a $44.00 target price on the stock in a research note on Friday, December 29th. ValuEngine upgraded shares of FNF Group of Fidelity National Financial from a hold rating to a buy rating in a research note on Friday, November 10th. Keefe, Bruyette & Woods restated a hold rating and set a $37.00 target price on shares of FNF Group of Fidelity National Financial in a research note on Sunday, October 29th. Finally, Piper Jaffray Companies restated a buy rating and set a $44.00 target price on shares of FNF Group of Fidelity National Financial in a research note on Monday, December 18th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $44.00.

FNF Group of Fidelity National Financial (NYSE FNF) traded down $0.08 during mid-day trading on Friday, hitting $40.76. 1,102,100 shares of the company were exchanged, compared to its average volume of 1,298,189. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.85 and a quick ratio of 0.85. FNF Group of Fidelity National Financial has a 12-month low of $33.91 and a 12-month high of $160.45. The stock has a market capitalization of $11,156.02, a price-to-earnings ratio of 17.49 and a beta of 0.97.

FNF Group of Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.04. FNF Group of Fidelity National Financial had a net margin of 7.77% and a return on equity of 11.05%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. sell-side analysts forecast that FNF Group of Fidelity National Financial will post 2.47 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.65%. This is an increase from FNF Group of Fidelity National Financial’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, December 14th. FNF Group of Fidelity National Financial’s dividend payout ratio is 56.65%.

A number of institutional investors and hedge funds have recently made changes to their positions in FNF. SG Americas Securities LLC acquired a new position in FNF Group of Fidelity National Financial in the second quarter valued at approximately $295,000. Neuberger Berman Group LLC boosted its holdings in FNF Group of Fidelity National Financial by 8.9% in the second quarter. Neuberger Berman Group LLC now owns 13,934 shares of the financial services provider’s stock valued at $625,000 after purchasing an additional 1,144 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in FNF Group of Fidelity National Financial by 0.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,051 shares of the financial services provider’s stock valued at $271,000 after purchasing an additional 56 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in FNF Group of Fidelity National Financial in the second quarter valued at approximately $210,000. Finally, JPMorgan Chase & Co. boosted its holdings in FNF Group of Fidelity National Financial by 204.3% in the second quarter. JPMorgan Chase & Co. now owns 225,731 shares of the financial services provider’s stock valued at $10,120,000 after purchasing an additional 151,555 shares in the last quarter. 81.27% of the stock is owned by hedge funds and other 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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