Fidelity National Financial, Inc. (NYSE:FNF) Given Average Recommendation of “Hold” by Analysts

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have been given a consensus recommendation of “Hold” by the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $62.40.

FNF has been the subject of several analyst reports. Keefe, Bruyette & Woods lifted their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a report on Wednesday, September 4th. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Stephens reissued an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Barclays upped their price target on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Finally, Truist Financial lifted their price objective on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock opened at $61.03 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $16.68 billion, a price-to-earnings ratio of 20.08 and a beta of 1.36. Fidelity National Financial has a twelve month low of $37.10 and a twelve month high of $62.11. The company has a 50-day simple moving average of $58.86 and a two-hundred day simple moving average of $53.71.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.03). The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.01 earnings per share. Analysts forecast that Fidelity National Financial will post 4.53 EPS for the current year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.48 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.15%. Fidelity National Financial’s payout ratio is currently 63.16%.

Insider Buying and Selling

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the sale, the director now owns 13,206 shares in the company, valued at $803,585.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 5.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fidelity National Financial

Several hedge funds have recently modified their holdings of FNF. Vanguard Group Inc. raised its position in Fidelity National Financial by 2.8% in the first quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock valued at $1,427,102,000 after purchasing an additional 728,768 shares during the last quarter. Windacre Partnership LLC boosted its position in Fidelity National Financial by 9.6% during the 1st quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock worth $862,836,000 after buying an additional 1,424,767 shares during the period. Victory Capital Management Inc. grew its holdings in Fidelity National Financial by 8.5% during the 2nd quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock worth $404,332,000 after acquiring an additional 640,829 shares during the last quarter. Cooke & Bieler LP grew its holdings in Fidelity National Financial by 3.2% during the 2nd quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock worth $293,436,000 after acquiring an additional 184,078 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Fidelity National Financial by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,428,258 shares of the financial services provider’s stock valued at $169,421,000 after acquiring an additional 77,118 shares during the period. Institutional investors and hedge funds 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.