Keefe, Bruyette & Woods Increases Fidelity National Financial (NYSE:FNF) Price Target to $63.00

Fidelity National Financial (NYSE:FNF) had its price objective upped by Keefe, Bruyette & Woods from $58.00 to $63.00 in a research note published on Wednesday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider’s stock.

FNF has been the topic of several other research reports. Truist Financial lifted their price objective on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a buy rating in a research note on Wednesday, August 7th. Stephens reaffirmed an overweight rating and issued a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. StockNews.com lowered Fidelity National Financial from a buy rating to a hold rating in a research note on Wednesday, July 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Fidelity National Financial from $61.00 to $63.00 and gave the stock a hold rating in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $61.80.

Fidelity National Financial Stock Performance

Shares of NYSE FNF opened at $58.83 on Wednesday. Fidelity National Financial has a 1 year low of $37.10 and a 1 year high of $60.19. The firm has a market cap of $16.07 billion, a P/E ratio of 19.35 and a beta of 1.36. The stock has a fifty day moving average price of $54.67 and a two-hundred day moving average price of $51.96. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.03). The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 EPS. Research analysts forecast that Fidelity National Financial will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Monday, September 16th. Fidelity National Financial’s dividend payout ratio is 63.16%.

Institutional Trading of Fidelity National Financial

Large investors have recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. grew its holdings in shares of Fidelity National Financial by 0.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 66,445 shares of the financial services provider’s stock valued at $3,390,000 after buying an additional 196 shares in the last quarter. Chesley Taft & Associates LLC increased its holdings in shares of Fidelity National Financial by 1.9% in the 2nd quarter. Chesley Taft & Associates LLC now owns 10,575 shares of the financial services provider’s stock valued at $523,000 after purchasing an additional 200 shares during the period. Intech Investment Management LLC lifted its position in shares of Fidelity National Financial by 1.3% in the second quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider’s stock worth $758,000 after purchasing an additional 202 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Fidelity National Financial by 10.6% in the first quarter. GAMMA Investing LLC now owns 2,155 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 207 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Fidelity National Financial by 13.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 213 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

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.