Fidelity National Financial, Inc. (NYSE:FNF) Receives $62.40 Consensus Target Price from Analysts

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have been assigned an average recommendation of “Hold” from the five brokerages that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $63.60.

Several brokerages recently commented on FNF. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft raised their target price on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Barclays boosted their price target on shares of 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. Truist Financial raised their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a report on Wednesday, September 4th.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the transaction, the director now owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Financial

A number of institutional investors have recently modified their holdings of FNF. Opal Wealth Advisors LLC bought a new position in Fidelity National Financial in the second quarter valued at approximately $26,000. New Covenant Trust Company N.A. acquired a new position in shares of Fidelity National Financial during the 1st quarter worth about $30,000. Covestor Ltd increased its stake in shares of Fidelity National Financial by 109.0% in the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 303 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Fidelity National Financial in the third quarter worth about $32,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Fidelity National Financial during the second quarter worth about $35,000. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Trading Down 0.1 %

Fidelity National Financial stock opened at $60.18 on Friday. Fidelity National Financial has a 52-week low of $43.11 and a 52-week high of $62.97. The company has a quick ratio of 0.23, a current ratio of 39.51 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $16.46 billion, a price-to-earnings ratio of 22.26 and a beta of 1.37. The firm has a 50-day moving average price of $60.30 and a two-hundred day moving average price of $55.09.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). Fidelity National Financial had a return on equity of 14.08% and a net margin of 5.57%. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the firm posted $1.23 EPS. The company’s revenue was up 29.7% compared to the same quarter last year. Sell-side analysts expect that Fidelity National Financial will post 4.53 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a $0.50 dividend. The ex-dividend date is Tuesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 3.32%. 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.