Fidelity National Financial (NYSE:FNF) Hits New 52-Week High – What’s Next?

Shares of Fidelity National Financial, Inc. (NYSE:FNF) hit a new 52-week high on Tuesday . The stock traded as high as $66.14 and last traded at $65.31, with a volume of 461054 shares traded. The stock had previously closed at $65.08.

Analysts Set New Price Targets

Several analysts recently weighed in on FNF shares. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Stephens raised their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods lowered their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. Finally, Barclays raised their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.40.

Fidelity National Financial Trading Up 1.1 %

The business’s fifty day moving average price is $61.21 and its 200 day moving average price is $60.21. 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 company has a market cap of $18.33 billion, a price-to-earnings ratio of 14.33 and a beta of 1.32.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm 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. Research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.50 per share. The ex-dividend date was Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.00%. Fidelity National Financial’s payout ratio is 43.01%.

Insiders Place Their Bets

In related news, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction 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 transaction, the director now owns 16,716 shares in the company, valued at $916,872.60. The trade was a 14.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Fidelity National Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Fidelity National Financial by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 27,054,319 shares of the financial services provider’s stock valued at $1,518,829,000 after acquiring an additional 150,493 shares during the period. Charles Schwab Investment Management Inc. grew its position in Fidelity National Financial by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider’s stock valued at $472,300,000 after purchasing an additional 387,729 shares during the period. Victory Capital Management Inc. increased its stake in Fidelity National Financial by 1.2% during the 4th quarter. Victory Capital Management Inc. now owns 8,093,184 shares of the financial services provider’s stock valued at $454,351,000 after purchasing an additional 98,751 shares in the last quarter. Geode Capital Management LLC raised its holdings in Fidelity National Financial by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 4,497,471 shares of the financial services provider’s stock worth $252,037,000 after buying an additional 34,634 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Fidelity National Financial by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,385,420 shares of the financial services provider’s stock worth $190,060,000 after acquiring an additional 16,095 shares in the last quarter. 81.17% of the stock is owned by institutional investors.

About Fidelity National Financial

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.