Fidelity National Financial, Inc. (NYSE:FNF) Receives $66.40 Average Target Price from Analysts

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are currently covering the company, 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 12 month price target among analysts that have issued a report on the stock in the last year is $66.40.

A number of research firms recently issued reports on FNF. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and upped their target price for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Barclays upped 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. Keefe, Bruyette & Woods reduced their target price on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 8th. Finally, Truist Financial upped their target price on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $57.71 on Thursday. The business’s 50 day simple moving average is $58.74 and its 200-day simple moving average is $58.35. The firm has a market capitalization of $15.79 billion, a price-to-earnings ratio of 20.99 and a beta of 1.38. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial has a 12 month low of $46.85 and a 12 month high of $64.83.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 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 analysts’ expectations of $3.32 billion. During the same period last year, the firm earned $1.23 EPS. Fidelity National Financial’s revenue was up 29.7% compared to the same quarter last year. As a group, equities analysts forecast 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. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend was Tuesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio is currently 72.73%.

Insider Transactions at Fidelity National Financial

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 transaction of $153,580.00. Following the completion of the sale, the director now directly owns 16,716 shares in the company, valued at $916,872.60. This represents a 14.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 owns 32,386 shares of the company’s stock, 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. Insiders own 5.20% of the company’s stock.

Institutional Trading of Fidelity National Financial

Several large investors have recently added to or reduced their stakes in FNF. Renaissance Technologies LLC acquired a new stake in Fidelity National Financial in the 2nd quarter valued at $1,305,000. Intech Investment Management LLC increased its holdings in Fidelity National Financial by 1.3% in the 2nd quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider’s stock valued at $758,000 after purchasing an additional 202 shares in the last quarter. Sei Investments Co. boosted its position in 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 valued at $6,483,000 after buying an additional 119,793 shares during the last quarter. Ensign Peak Advisors Inc boosted its position in Fidelity National Financial by 6.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 175,150 shares of the financial services provider’s stock valued at $8,656,000 after buying an additional 11,180 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Fidelity National Financial by 13.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock valued at $87,000 after buying an additional 213 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

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.