Fidelity National Financial (NYSE:FNF) Given New $67.00 Price Target at Barclays

Fidelity National Financial (NYSE:FNF) had its price target upped by Barclays from $61.00 to $67.00 in a research report report published on Monday,Benzinga reports. Barclays currently has an equal weight rating on the financial services provider’s stock.

A number of other brokerages have also commented on FNF. Truist Financial raised their price target on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods lowered their price target on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. Stephens raised their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their target price for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Fidelity National Financial has an average rating of “Moderate Buy” and a consensus target price of $70.40.

Fidelity National Financial Price Performance

Shares of FNF opened at $59.93 on Monday. The firm has a market capitalization of $16.40 billion, a price-to-earnings ratio of 12.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial has a one year low of $46.85 and a one year high of $64.83. The stock’s fifty day moving average is $57.25 and its 200-day moving average is $59.11.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same period last year, the company earned $0.75 earnings per share. Equities analysts anticipate that Fidelity National Financial will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial’s payout ratio is currently 43.01%.

Insider Buying and Selling

In related news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the transaction, the director now owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. This trade represents a 14.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fidelity National Financial

Institutional investors have recently bought and sold shares of the stock. Capital Performance Advisors LLP purchased a new position in Fidelity National Financial in the 3rd quarter worth about $32,000. Capital Analysts LLC acquired a new stake in Fidelity National Financial during the 4th quarter worth about $29,000. Brooklyn Investment Group acquired a new stake in Fidelity National Financial during the 3rd quarter worth about $35,000. Parkside Financial Bank & Trust boosted its position in Fidelity National Financial by 50.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 209 shares during the period. Finally, Kestra Investment Management LLC acquired a new stake in Fidelity National Financial during the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

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.