Fidelity National Financial (NYSE:FNF) Given New $63.00 Price Target at Keefe, Bruyette & Woods

Fidelity National Financial (NYSE:FNF) had its target price boosted by Keefe, Bruyette & Woods from $58.00 to $63.00 in a report published on Wednesday, Benzinga reports. The firm currently has a market perform rating on the financial services provider’s stock.

Several other equities research analysts have also recently commented on the company. StockNews.com cut Fidelity National Financial from a buy rating to a hold rating in a research note on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a hold rating in a research report on Wednesday, August 7th. Truist Financial lifted their target price on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a buy rating in a report on Wednesday, August 7th. Finally, Stephens reissued an overweight rating and set a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $61.80.

Fidelity National Financial Trading Up 0.4 %

NYSE FNF opened at $59.13 on Wednesday. The firm’s fifty day moving average is $54.28 and its two-hundred day moving average is $51.87. Fidelity National Financial has a one year low of $37.10 and a one year high of $60.19. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a market cap of $16.16 billion, a PE ratio of 19.45 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.01 EPS. Analysts expect that Fidelity National Financial will post 4.57 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Monday, September 16th. Fidelity National Financial’s dividend payout ratio is currently 63.16%.

Institutional Investors Weigh In On Fidelity National Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Confluence Investment Management LLC purchased a new position in shares of Fidelity National Financial in the first quarter valued at $135,347,000. TPG GP A LLC purchased a new position in Fidelity National Financial during the 2nd quarter valued at about $83,798,000. Windacre Partnership LLC raised its position in Fidelity National Financial by 9.6% during the first quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock worth $862,836,000 after acquiring an additional 1,424,767 shares during the last quarter. Norges Bank purchased a new stake in shares of Fidelity National Financial in the fourth quarter valued at about $41,212,000. Finally, Vanguard Group Inc. grew its position in shares of 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. 81.17% of the stock is currently 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.