Fidelity National Financial (NYSE:FNF) Given New $75.00 Price Target at Stephens

Fidelity National Financial (NYSE:FNF) had its target price increased by Stephens from $68.00 to $75.00 in a research note published on Monday morning,Benzinga reports. The firm currently has an overweight rating on the financial services provider’s stock.

Several other research analysts have also issued reports on FNF. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and raised their price target for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Truist Financial raised their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Fidelity National Financial currently has an average rating of “Moderate Buy” and a consensus target price of $70.40.

Fidelity National Financial Trading Up 0.8 %

FNF opened at $59.93 on Monday. The company’s 50 day moving average is $57.25 and its 200-day moving average is $59.11. Fidelity National Financial has a 1-year low of $46.85 and a 1-year high of $64.83. 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 company has a market cap of $16.40 billion, a P/E ratio of 12.89 and a beta of 1.39.

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

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.50 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.34%. Fidelity National Financial’s dividend payout ratio is currently 43.01%.

Insider Activity

In related news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction on Friday, January 10th. The shares were 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 of the company’s stock, valued at approximately $916,872.60. This trade represents a 14.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the sale, the director now directly 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 position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by company insiders.

Institutional Trading of Fidelity National Financial

Hedge funds have recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new stake in Fidelity National Financial in the 3rd quarter valued at $32,000. Capital Analysts LLC purchased a new position in Fidelity National Financial during the 4th quarter worth $29,000. Brooklyn Investment Group purchased a new position in Fidelity National Financial during the 3rd quarter worth $35,000. Parkside Financial Bank & Trust boosted its holdings 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 last quarter. Finally, Kestra Investment Management LLC purchased a new position in Fidelity National Financial during the 4th quarter worth $37,000. 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.