Analysts Set Fidelity National Financial, Inc. (NYSE:FNF) Price Target at $62.40

Fidelity National Financial, Inc. (NYSE:FNF) has been given a consensus recommendation of “Hold” by the five brokerages that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $63.60.

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 4th. Stephens reaffirmed an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a research note on Thursday, August 15th. Barclays boosted their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Truist Financial boosted 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 report on Monday.

Fidelity National Financial Stock Down 0.4 %

Shares of NYSE FNF opened at $60.80 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial has a 52 week low of $43.11 and a 52 week high of $62.97. The firm’s fifty day moving average is $60.37 and its 200 day moving average is $55.23. The company has a market cap of $16.64 billion, a price-to-earnings ratio of 22.42 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the previous year, the firm earned $1.23 earnings per share. The firm’s quarterly revenue was up 29.7% compared to the same quarter last year. On average, equities research analysts expect that Fidelity National Financial will post 4.5 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.29%. Fidelity National Financial’s dividend payout ratio is currently 69.82%.

Insider Transactions at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction dated 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 directly owns 13,206 shares of the company’s stock, valued at $803,585.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.20% of the company’s stock.

Institutional Trading of Fidelity National Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Opal Wealth Advisors LLC bought a new position in Fidelity National Financial in the 2nd quarter worth about $26,000. New Covenant Trust Company N.A. bought a new position in Fidelity National Financial in the 1st quarter worth about $30,000. Covestor Ltd boosted its stake in 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 purchasing an additional 303 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Fidelity National Financial during the 3rd quarter valued at about $32,000. Finally, International Assets Investment Management LLC bought a new position in Fidelity National Financial during the 2nd quarter valued at about $35,000. 81.17% of the stock is owned by hedge funds and other 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.