Fidelity National Financial, Inc. (NYSE:FNF) Given Average Recommendation of “Moderate Buy” by Analysts

Fidelity National Financial, Inc. (NYSE:FNF) has been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $66.40.

Several research firms have recently commented on FNF. Keefe, Bruyette & Woods decreased their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Truist Financial boosted their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Barclays increased their target price on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th.

Insider Activity

In other news, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the sale, the director now owns 16,716 shares in the company, valued at $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the transaction, the director now directly owns 32,386 shares in the company, valued at approximately $1,824,303.38. The trade was a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Financial

Several large investors have recently made changes to their positions in the business. Renaissance Technologies LLC bought a new stake in Fidelity National Financial during the second quarter worth approximately $1,305,000. Intech Investment Management LLC boosted its stake in shares of Fidelity National Financial by 1.3% during the 2nd 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 in the last quarter. Sei Investments Co. grew its holdings in shares of Fidelity National Financial by 1,051.5% in the 2nd quarter. Sei Investments Co. now owns 131,186 shares of the financial services provider’s stock worth $6,483,000 after acquiring an additional 119,793 shares during the last quarter. Ensign Peak Advisors Inc raised its position in shares of Fidelity National Financial by 6.8% during the second quarter. Ensign Peak Advisors Inc now owns 175,150 shares of the financial services provider’s stock worth $8,656,000 after purchasing an additional 11,180 shares during the period. Finally, EverSource Wealth Advisors LLC lifted 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 valued at $87,000 after purchasing an additional 213 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Down 0.0 %

Shares of NYSE FNF opened at $58.06 on Thursday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average price is $58.65 and its two-hundred day moving average price is $58.59. Fidelity National Financial has a 52-week low of $46.85 and a 52-week high of $64.83. The stock has a market capitalization of $15.89 billion, a P/E ratio of 21.11 and a beta of 1.38.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter last year, the business earned $1.23 earnings per share. The business’s revenue for the quarter was up 29.7% compared to the same quarter last year. On average, analysts anticipate that Fidelity National Financial will post 4.57 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a $0.50 dividend. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date was Tuesday, December 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.45%. Fidelity National Financial’s dividend payout ratio is presently 72.73%.

About Fidelity National Financial

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.