Fidelity National Financial, Inc. (NYSE:FNF) Receives $63.60 Average Price Target from Analysts

Fidelity National Financial, Inc. (NYSE:FNF) has earned an average recommendation of “Hold” from the five ratings firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $63.60.

FNF has been the topic of a number of research reports. Stephens restated an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Barclays lifted 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 report on Tuesday, October 8th. Truist Financial increased 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. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research note on Wednesday, September 4th.

Insider Activity

In other news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of the transaction, the director now directly owns 13,206 shares in the company, valued at approximately $803,585.10. The trade was a 11.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Financial

Hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC grew its position in shares of Fidelity National Financial by 38.9% in the third quarter. Tidal Investments LLC now owns 6,756 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 1,892 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Fidelity National Financial in the 3rd quarter valued at $672,000. Sanctuary Advisors LLC lifted its holdings in shares of Fidelity National Financial by 136.9% during the third quarter. Sanctuary Advisors LLC now owns 157,438 shares of the financial services provider’s stock worth $9,752,000 after buying an additional 90,968 shares in the last quarter. Virtue Capital Management LLC boosted its position in shares of Fidelity National Financial by 1.9% in the third quarter. Virtue Capital Management LLC now owns 15,842 shares of the financial services provider’s stock valued at $983,000 after acquiring an additional 296 shares during the period. Finally, Sunbelt Securities Inc. boosted its position in shares of Fidelity National Financial by 867.7% in the third quarter. Sunbelt Securities Inc. now owns 1,287 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 1,154 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Trading Down 0.1 %

NYSE FNF opened at $62.01 on Wednesday. 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 stock’s 50-day moving average is $61.09 and its 200-day moving average is $56.55. Fidelity National Financial has a one year low of $46.35 and a one year high of $64.83. The firm has a market cap of $16.97 billion, a P/E ratio of 22.55 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.11). The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The firm’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 EPS. Sell-side analysts anticipate that Fidelity National Financial will post 4.54 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.23%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio (DPR) is currently 69.82%.

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.