Brokerages Set Fidelity National Financial, Inc. (NYSE:FNF) PT at $63.80

Fidelity National Financial, Inc. (NYSE:FNF) has been given an average rating of “Moderate Buy” by the five research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $66.60.

A number of research firms have commented on FNF. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and raised their target price for the company from $76.00 to $77.00 in a report on Friday. Keefe, Bruyette & Woods boosted their price objective on shares of Fidelity National Financial from $63.00 to $64.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Barclays increased their target price on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Finally, Truist Financial boosted their price target on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, November 11th.

Fidelity National Financial Stock Performance

Shares of FNF opened at $56.82 on Friday. Fidelity National Financial has a 1 year low of $46.85 and a 1 year high of $64.83. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The company’s fifty day moving average is $59.77 and its two-hundred day moving average is $57.54. The stock has a market capitalization of $15.55 billion, a P/E ratio of 20.66 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same period last year, the company posted $1.23 earnings per share. The business’s quarterly revenue was up 29.7% on a year-over-year basis. On average, sell-side analysts predict that Fidelity National Financial will post 4.57 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.52%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s payout ratio is presently 72.73%.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the sale, the director now directly owns 32,386 shares in the company, valued at $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.20% of the company’s stock.

Institutional Trading of Fidelity National Financial

A number of large investors have recently made changes to their positions in FNF. ZWJ Investment Counsel Inc. boosted its stake in shares of Fidelity National Financial by 1.0% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 19,740 shares of the financial services provider’s stock worth $1,225,000 after purchasing an additional 195 shares during the last quarter. Commerce Bank raised its position in shares of Fidelity National Financial by 3.5% in the third quarter. Commerce Bank now owns 5,991 shares of the financial services provider’s stock valued at $372,000 after buying an additional 200 shares during the last quarter. Intech Investment Management LLC boosted its position in Fidelity National Financial by 1.3% during the second quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider’s stock worth $758,000 after acquiring an additional 202 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in 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 acquiring an additional 213 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in Fidelity National Financial by 32.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 878 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 216 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

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.