Fidelity National Financial, Inc. (NYSE:FNF) Receives $66.40 Consensus Price Target from Brokerages

Fidelity National Financial, Inc. (NYSE:FNF) has received an average rating of “Moderate Buy” from the five analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $66.40.

FNF has been the topic of several recent analyst reports. Truist Financial lifted 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, November 11th. Keefe, Bruyette & Woods decreased their price target 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 raised their price target for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd.

Fidelity National Financial Stock Performance

Shares of FNF opened at $59.50 on Monday. The company has a market capitalization of $16.28 billion, a PE ratio of 12.80 and a beta of 1.39. Fidelity National Financial has a one year low of $46.85 and a one year 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 company’s fifty day moving average price is $57.25 and its 200 day moving average price is $59.07.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same quarter last year, the firm posted $0.75 EPS. As a group, analysts expect that Fidelity National Financial will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.50 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.36%. Fidelity National Financial’s dividend payout ratio is 43.01%.

Insiders Place Their Bets

In other news, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial 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 in the company, valued at approximately $1,824,303.38. The trade was a 6.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction dated 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 owns 16,716 shares in the company, valued at approximately $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.

Hedge Funds Weigh In On Fidelity National Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Swedbank AB boosted its position in Fidelity National Financial by 25.1% in the third quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock valued at $2,630,000 after buying an additional 8,511 shares in the last quarter. Everence Capital Management Inc. acquired a new position in Fidelity National Financial in the fourth quarter valued at about $621,000. Horizon Kinetics Asset Management LLC boosted its position in Fidelity National Financial by 35.1% in the third quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider’s stock valued at $3,604,000 after buying an additional 15,100 shares in the last quarter. GAMMA Investing LLC boosted its position in 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 buying an additional 1,233 shares in the last quarter. Finally, Barclays PLC boosted its position in Fidelity National Financial by 4.4% in the third quarter. Barclays PLC now owns 216,755 shares of the financial services provider’s stock valued at $13,451,000 after buying an additional 9,146 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

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.