Fidelity National Financial (NYSE:FNF) Price Target Raised to $70.00

Fidelity National Financial (NYSE:FNF) had its price objective hoisted by Truist Financial from $64.00 to $70.00 in a report published on Monday,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

FNF has been the subject of a number of other reports. Stephens reiterated an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a report on Thursday, August 15th. Keefe, Bruyette & Woods increased 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. Barclays boosted their target price on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price target on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Finally, StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Fidelity National Financial currently has an average rating of “Hold” and a consensus target price of $63.60.

Fidelity National Financial Stock Down 0.4 %

NYSE:FNF opened at $60.80 on Monday. Fidelity National Financial has a 1-year low of $43.11 and a 1-year high of $62.97. The firm has a market capitalization of $16.64 billion, a price-to-earnings ratio of 22.11 and a beta of 1.37. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The business’s fifty day moving average price is $60.37 and its 200 day moving average price is $55.23.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 13.72% and a net margin of 5.57%. The company’s revenue was up 29.7% compared to the same quarter last year. During the same period last year, the company posted $1.23 earnings per share. On average, sell-side analysts forecast that Fidelity National Financial will post 4.5 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.50 per share. 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 3.29%. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s payout ratio is 69.82%.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the transaction, the director now 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 legal filing with the SEC, which is available at this link. Company insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CreativeOne Wealth LLC grew its stake in Fidelity National Financial by 54.2% during the third quarter. CreativeOne Wealth LLC now owns 10,436 shares of the financial services provider’s stock worth $648,000 after buying an additional 3,668 shares during the last quarter. Bridgewater Associates LP grew its position in Fidelity National Financial by 628.6% during the 3rd quarter. Bridgewater Associates LP now owns 37,865 shares of the financial services provider’s stock worth $2,350,000 after acquiring an additional 32,668 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Fidelity National Financial during the 3rd quarter valued at $35,000. FMR LLC raised its position in Fidelity National Financial by 11.4% in the 3rd quarter. FMR LLC now owns 872,017 shares of the financial services provider’s stock valued at $54,117,000 after purchasing an additional 89,031 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in Fidelity National Financial by 4.7% in the third quarter. Bank of Montreal Can now owns 184,207 shares of the financial services provider’s stock worth $11,259,000 after purchasing an additional 8,298 shares in the last quarter. 81.17% of the stock is owned by institutional investors.

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.