Fidelity National Financial (NYSE:FNF) Price Target Cut to $63.00 by Analysts at Keefe, Bruyette & Woods

Fidelity National Financial (NYSE:FNF) had its price objective decreased by Keefe, Bruyette & Woods from $64.00 to $63.00 in a report published on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider’s stock.

Several other research analysts have also issued reports on FNF. Barclays raised their target price on shares of 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. Truist Financial raised their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of 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 report on Friday, January 3rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Fidelity National Financial has an average rating of “Moderate Buy” and a consensus price target of $66.40.

Fidelity National Financial Stock Down 0.6 %

NYSE:FNF opened at $55.93 on Wednesday. The company has a market cap of $15.30 billion, a price-to-earnings ratio of 20.34 and a beta of 1.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The stock’s fifty day moving average price is $59.51 and its two-hundred day moving average price is $57.74. Fidelity National Financial has a 52-week low of $46.85 and a 52-week high of $64.83.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.11). The firm 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%. The company’s revenue was up 29.7% compared to the same quarter last year. During the same period last year, the company earned $1.23 EPS. On average, analysts anticipate that Fidelity National Financial will post 4.57 EPS for the current year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend was Tuesday, December 17th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio is presently 72.73%.

Insiders Place Their Bets

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.20% of the company’s stock.

Institutional Trading of Fidelity National Financial

Institutional investors have recently modified their holdings of the company. Fortem Financial Group LLC raised its position in Fidelity National Financial by 3.4% in the 4th quarter. Fortem Financial Group LLC now owns 16,212 shares of the financial services provider’s stock valued at $910,000 after buying an additional 532 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Fidelity National Financial in the fourth quarter valued at approximately $621,000. GAMMA Investing LLC raised its holdings in shares of Fidelity National Financial by 19.8% in the fourth quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 1,233 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Fidelity National Financial by 17.1% in the fourth quarter. Versant Capital Management Inc now owns 1,729 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 252 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in Fidelity National Financial by 38.9% during the third quarter. Tidal Investments LLC now owns 6,756 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 1,892 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors.

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.