Brokerages Set Fidelity National Financial, Inc. (NYSE:FNF) Price Target at $66.40

Fidelity National Financial, Inc. (NYSE:FNF) has been assigned an average rating of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $66.40.

Several equities analysts have weighed in on FNF shares. Barclays lifted their price objective 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 lifted their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. 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 on the stock in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd.

Insider Buying and Selling

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the sale, the director now directly owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Halim Dhanidina sold 2,800 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the sale, the director now directly owns 16,716 shares in the company, valued at $916,872.60. This trade represents a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Institutional Trading of Fidelity National Financial

Several hedge funds have recently modified their holdings of FNF. Capital Performance Advisors LLP acquired a new position in Fidelity National Financial in the third quarter valued at approximately $32,000. Brooklyn Investment Group acquired a new position in Fidelity National Financial in the third quarter valued at approximately $35,000. True Wealth Design LLC acquired a new position in Fidelity National Financial in the third quarter valued at approximately $41,000. UMB Bank n.a. lifted its holdings in Fidelity National Financial by 280.6% in the third quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock valued at $43,000 after buying an additional 505 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in Fidelity National Financial by 141.1% in the third quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after buying an additional 402 shares during the period. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Price Performance

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

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data 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). The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. Fidelity National Financial’s revenue was up 29.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.23 EPS. As a group, equities research analysts forecast that Fidelity National Financial will post 4.57 EPS 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. Investors of record on Tuesday, December 17th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a 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 72.73%.

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.