Fidelity National Financial (NYSE:FNF) Reaches New 12-Month High at $53.35

Shares of Fidelity National Financial, Inc. (NYSE:FNF) reached a new 52-week high during trading on Thursday . The company traded as high as $53.35 and last traded at $53.10, with a volume of 2044251 shares trading hands. The stock had previously closed at $51.96.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FNF shares. Truist Financial raised their price objective on shares of Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Keefe, Bruyette & Woods raised their price objective on shares of Fidelity National Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. Barclays dropped their target price on shares of Fidelity National Financial from $55.00 to $52.00 and set an “equal weight” rating for the company in a research report on Friday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fidelity National Financial in a research report on Wednesday, January 10th. They set a “hold” rating for the company. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $53.40.

Fidelity National Financial Trading Up 2.2 %

The firm has a market capitalization of $14.51 billion, a P/E ratio of 27.81 and a beta of 1.33. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.52. The firm’s 50-day simple moving average is $50.68 and its 200-day simple moving average is $46.44.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.75 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.27). The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Fidelity National Financial had a return on equity of 13.91% and a net margin of 4.40%. During the same period last year, the business posted $1.06 earnings per share. Analysts anticipate that Fidelity National Financial, Inc. will post 4.81 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.61%. The ex-dividend date is Thursday, March 14th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 100.52%.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Cary H. Thompson sold 23,410 shares of Fidelity National Financial stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the transaction, the director now directly owns 40,317 shares of the company’s stock, valued at $2,060,601.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Halim Dhanidina sold 3,265 shares of Fidelity National Financial stock in a transaction on Friday, January 12th. The shares were sold at an average price of $49.34, for a total value of $161,095.10. Following the transaction, the director now directly owns 17,906 shares of the company’s stock, valued at $883,482.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Cary H. Thompson sold 23,410 shares of Fidelity National Financial stock in a transaction on Monday, March 4th. The stock was sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the completion of the transaction, the director now directly owns 40,317 shares in the company, valued at $2,060,601.87. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,806 shares of company stock valued at $1,653,033. 5.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FNF. Baystate Wealth Management LLC increased its position in Fidelity National Financial by 5,300.0% during the 3rd quarter. Baystate Wealth Management LLC now owns 594 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 583 shares during the period. Salem Investment Counselors Inc. purchased a new position in Fidelity National Financial during the 2nd quarter valued at $26,000. V Square Quantitative Management LLC purchased a new position in Fidelity National Financial during the 4th quarter valued at $27,000. VisionPoint Advisory Group LLC increased its position in Fidelity National Financial by 107.0% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 737 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 381 shares during the period. Finally, Huntington National Bank increased its position in Fidelity National Financial by 425.5% during the 2nd quarter. Huntington National Bank now owns 1,072 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 868 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.