Analysts Set Fidelity National Financial, Inc. (NYSE:FNF) PT at $70.40

Fidelity National Financial, Inc. (NYSE:FNF) has received a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $70.40.

A number of equities research analysts have recently commented on FNF shares. Barclays lifted their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. Stephens increased their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their target price for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Keefe, Bruyette & Woods cut 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 note on Wednesday, January 8th. Finally, StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th.

Insider Activity

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the completion of the transaction, the director now directly owns 32,386 shares of the company’s stock, valued at $1,824,303.38. This represents a 6.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the sale, the director now owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. This trade represents a 14.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Institutional Trading of Fidelity National Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its position in shares of Fidelity National Financial by 1.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 29,543 shares of the financial services provider’s stock worth $1,833,000 after purchasing an additional 462 shares during the last quarter. Covestor Ltd increased its holdings in Fidelity National Financial by 73.1% in the third quarter. Covestor Ltd now owns 812 shares of the financial services provider’s stock valued at $50,000 after buying an additional 343 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in Fidelity National Financial by 4.3% during the third quarter. Crossmark Global Holdings Inc. now owns 17,044 shares of the financial services provider’s stock valued at $1,058,000 after buying an additional 710 shares in the last quarter. Empower Advisory Group LLC bought a new position in Fidelity National Financial during the 3rd quarter worth approximately $335,000. Finally, Metis Global Partners LLC acquired a new position in shares of Fidelity National Financial in the 3rd quarter worth approximately $205,000. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 2.6 %

Shares of NYSE:FNF opened at $64.83 on Friday. The stock’s fifty day simple moving average is $59.07 and its 200-day simple moving average is $59.69. Fidelity National Financial has a 52-week low of $46.85 and a 52-week high of $65.65. The company has a market capitalization of $17.83 billion, a P/E ratio of 13.94 and a beta of 1.32. 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 (NYSE:FNF) last posted its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the previous year, the business posted $0.75 earnings per share. As a group, equities research analysts forecast that Fidelity National Financial will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.09%. Fidelity National Financial’s dividend payout ratio (DPR) is 43.01%.

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.