Fidelity National Financial (NYSE:FNF) Price Target Lowered to $66.00 at Barclays

Fidelity National Money (NYSE:FNF – Get Rating) experienced its price goal diminished by Barclays from $73.00 to $66.00 in a analysis report sent to traders on Monday, The Fly studies. Barclays at the moment has an obese score on the monetary products and services provider’s stock.

FNF has been the subject of several other reports. Credit score Suisse Team lessened their price tag focus on on Fidelity National Money from $75.00 to $59.00 and established an outperform rating on the stock in a exploration report on Friday, April 1st. StockNews.com initiated coverage on Fidelity Nationwide Economic in a investigate report on Thursday, March 31st. They set a maintain ranking for the enterprise. Eventually, Keefe, Bruyette & Woods upped their rate concentrate on on Fidelity Nationwide Economic to $62.00 and gave the company a na ranking in a investigation take note on Monday, May perhaps 16th. Two analysts have rated the stock with a maintain rating and two have assigned a purchase rating to the stock. In accordance to details from MarketBeat, the inventory presently has a consensus score of Moderate Buy and a consensus price target of $62.33.

Shares of NYSE:FNF opened at $37.38 on Monday. The firm has a speedy ratio of .19, a present ratio of .19 and a personal debt-to-equity ratio of .38. The business has a sector cap of $10.49 billion, a P/E ratio of 4.82 and a beta of 1.41. Fidelity National Economic has a 12 thirty day period minimal of $34.59 and a 12 month high of $56.44. The company’s 50-working day going typical selling price is $39.32 and its two-hundred working day moving common cost is $45.05.

Fidelity Nationwide Economical (NYSE:FNF – Get Score) past issued its quarterly earnings outcomes on Tuesday, May 10th. The money providers service provider documented $1.37 earnings for every share for the quarter, beating analysts’ consensus estimates of $1.30 by $.07. The business experienced revenue of $3.17 billion through the quarter, when compared to analyst estimates of $2.89 billion. Fidelity Nationwide Economic experienced a internet margin of 14.10% and a return on equity of 24.56%. Fidelity Countrywide Financial’s profits for the quarter was up 2.1% in contrast to the similar quarter last year. Through the same quarter final 12 months, the company posted $1.56 earnings per share. As a group, equities analysts predict that Fidelity National Money will publish 6.07 earnings for each share for the present-day fiscal calendar year.

The firm also not long ago declared a quarterly dividend, which was paid out on Thursday, June 30th. Stockholders of report on Thursday, June 16th were specified a dividend of $.44 for each share. This signifies a $1.76 dividend on an annualized foundation and a dividend produce of 4.71%. The ex-dividend day was Wednesday, June 15th. Fidelity Countrywide Financial’s dividend payout ratio is presently 22.68%.

Hedge resources and other institutional investors have a short while ago acquired and sold shares of the stock. Very first Believe in Advisors LP lifted its stake in Fidelity National Economical by 109.5% in the very first quarter. 1st Have faith in Advisors LP now owns 8,590,814 shares of the financial services provider’s inventory valued at $419,575,000 immediately after obtaining an additional 4,489,781 shares in the very last quarter. Norges Bank bought a new stake in shares of Fidelity Nationwide Money in the fourth quarter valued at about $222,689,000. Farmer Steven Patrick acquired a new placement in shares of Fidelity Countrywide Fiscal through the second quarter truly worth about $90,099,000. Vanguard Group Inc. grew its holdings in shares of Fidelity Countrywide Monetary by 4.5% through the initially quarter. Vanguard Group Inc. now owns 28,877,107 shares of the money solutions provider’s inventory value $1,410,358,000 following buying an more 1,250,233 shares in the last quarter. Lastly, Allspring International Investments Holdings LLC obtained a new stake in Fidelity Countrywide Economical in the 4th quarter valued at around $39,795,000. 82.06% of the inventory is owned by institutional traders and hedge money.

Fidelity Nationwide Fiscal Firm Profile (Get Rating)

Fidelity Nationwide Monetary, Inc, together with its subsidiaries, supplies a variety of insurance policies solutions in the United States. The business operates via Title, F&G, and Corporate and Other segments. It presents title insurance plan, escrow, and other title related services, including have faith in actions, trustee gross sales guarantees, recordings and reconveyances, and home warranty coverage.

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