Fidelity National Financial, Inc. (NYSE:FNF) Receives $63.60 Average PT from Analysts

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have received a consensus recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $63.60.

A number of analysts have recently weighed in on the company. Barclays raised their target price on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Stephens reaffirmed an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a research note on Thursday, August 15th. Truist Financial increased their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the transaction, the director now owns 13,206 shares in the company, valued at approximately $803,585.10. This trade represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.20% of the company’s stock.

Institutional Trading of Fidelity National Financial

A number of hedge funds have recently modified their holdings of the company. ZWJ Investment Counsel Inc. increased its stake in Fidelity National Financial by 1.0% in the third quarter. ZWJ Investment Counsel Inc. now owns 19,740 shares of the financial services provider’s stock valued at $1,225,000 after purchasing an additional 195 shares in the last quarter. Chesley Taft & Associates LLC increased its position 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 buying an additional 200 shares in the last quarter. Commerce Bank raised its stake in Fidelity National Financial by 3.5% during the 3rd quarter. Commerce Bank now owns 5,991 shares of the financial services provider’s stock worth $372,000 after buying an additional 200 shares during the period. Intech Investment Management LLC raised its stake in 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 buying an additional 202 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings 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 in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Stock Performance

NYSE FNF opened at $62.01 on Wednesday. Fidelity National Financial has a 1-year low of $46.35 and a 1-year high of $64.83. The company has a 50 day moving average of $61.09 and a 200-day moving average of $56.49. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm has a market cap of $16.97 billion, a price-to-earnings ratio of 22.55 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 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 the consensus estimate of $3.32 billion. During the same quarter last year, the company earned $1.23 earnings per share. The firm’s revenue was up 29.7% on a year-over-year basis. On average, equities analysts forecast that Fidelity National Financial will post 4.5 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.23%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial’s payout ratio is 69.82%.

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.