Fidelity National Financial (NYSE:FNF) Hits New 52-Week High at $59.42

Fidelity National Financial, Inc. (NYSE:FNF) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $59.42 and last traded at $59.13, with a volume of 90257 shares trading hands. The stock had previously closed at $58.93.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Stephens reissued an “overweight” rating and set a $63.00 price objective on shares of Fidelity National Financial in a research report on Thursday, August 15th. Truist Financial lifted their price objective on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $53.00 price objective on shares of Fidelity National Financial in a research report on Tuesday, August 6th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $59.80.

Fidelity National Financial Stock Up 0.1 %

The company has a debt-to-equity ratio of 0.50, a current ratio of 0.21 and a quick ratio of 0.21. The business has a 50 day moving average price of $53.68 and a 200 day moving average price of $51.72. The firm has a market capitalization of $16.11 billion, a P/E ratio of 19.39 and a beta of 1.35.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.03). Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the firm earned $1.01 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. On average, analysts predict that Fidelity National Financial, Inc. will post 4.58 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.92 annualized dividend and a yield of 3.26%. Fidelity National Financial’s dividend payout ratio is 63.16%.

Insider Activity at Fidelity National Financial

In related news, CFO Anthony Park sold 85,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the transaction, the chief financial officer now directly owns 99,049 shares in the company, valued at $5,033,670.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Financial

Institutional investors have recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC acquired a new stake in Fidelity National Financial during the second quarter valued at approximately $26,000. V Square Quantitative Management LLC acquired a new position in shares of Fidelity National Financial in the 4th quarter worth approximately $27,000. New Covenant Trust Company N.A. acquired a new position in shares of Fidelity National Financial in the 1st quarter worth approximately $30,000. Mather Group LLC. acquired a new position in shares of Fidelity National Financial in the 1st quarter worth approximately $31,000. Finally, Covestor Ltd boosted its holdings in shares of Fidelity National Financial by 109.0% in the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 303 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

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.