Fidelity National Financial (NYSE:FNF) Given New $53.00 Price Target at Keefe, Bruyette & Woods

Fidelity National Financial (NYSE:FNF) had its price target lowered by Keefe, Bruyette & Woods from $55.00 to $53.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has a market perform rating on the financial services provider’s stock.

Several other research firms also recently issued reports on FNF. Barclays lifted their price target on shares of Fidelity National Financial from $52.00 to $56.00 and gave the stock an equal weight rating in a research note on Tuesday, April 9th. Stephens lifted their target price on Fidelity National Financial from $59.00 to $60.00 and gave the stock an overweight rating in a research report on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $55.40.

Fidelity National Financial Stock Up 1.6 %

Shares of Fidelity National Financial stock opened at $49.37 on Tuesday. Fidelity National Financial has a twelve month low of $34.96 and a twelve month high of $53.96. The stock has a market cap of $13.49 billion, a price-to-earnings ratio of 16.24 and a beta of 1.35. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.50. The company has a fifty day moving average price of $50.34 and a 200 day moving average price of $50.36.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same quarter last year, the business posted $0.52 EPS. Fidelity National Financial’s quarterly revenue was up 33.3% compared to the same quarter last year. Equities research analysts forecast that Fidelity National Financial will post 4.67 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend was Friday, June 14th. Fidelity National Financial’s dividend payout ratio is currently 63.16%.

Insider Activity at Fidelity National Financial

In other news, Director Halim Dhanidina sold 3,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $50.64, for a total value of $151,920.00. Following the transaction, the director now directly owns 14,906 shares in the company, valued at approximately $754,839.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Halim Dhanidina sold 3,000 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $50.64, for a total transaction of $151,920.00. Following the completion of the transaction, the director now directly owns 14,906 shares in the company, valued at approximately $754,839.84. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Anthony Park sold 85,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total value of $4,319,700.00. Following the completion of the sale, the chief financial officer now owns 99,049 shares in the company, valued at $5,033,670.18. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Fidelity National Financial by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock valued at $1,427,102,000 after acquiring an additional 728,768 shares in the last quarter. Windacre Partnership LLC increased its holdings in shares of Fidelity National Financial by 9.6% during the first quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock valued at $862,836,000 after purchasing an additional 1,424,767 shares during the period. First Eagle Investment Management LLC lifted its holdings in Fidelity National Financial by 2.9% in the fourth quarter. First Eagle Investment Management LLC now owns 6,113,602 shares of the financial services provider’s stock worth $311,916,000 after purchasing an additional 171,521 shares during the period. Victory Capital Management Inc. increased its stake in Fidelity National Financial by 195.2% during the 4th quarter. Victory Capital Management Inc. now owns 4,261,568 shares of the financial services provider’s stock valued at $217,425,000 after buying an additional 2,818,001 shares during the period. Finally, Confluence Investment Management LLC bought a new stake in shares of Fidelity National Financial during the 1st quarter worth about $135,347,000. Institutional investors 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.