Fidelity National Financial, Inc. (NYSE:FNF) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have been given an average rating of “Moderate Buy” by the five ratings firms that are presently covering the firm, 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 12-month price target among analysts that have covered the stock in the last year is $66.40.

A number of equities analysts recently weighed in on FNF shares. Keefe, Bruyette & Woods reduced their price target on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and upped their target price for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Finally, Truist Financial lifted their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th.

Insider Activity

In related news, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the transaction, the director now directly owns 16,716 shares in the company, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $117,842.36. Following the sale, the director now directly owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Financial

Large investors have recently made changes to their positions in the stock. Capital Analysts LLC acquired a new position in Fidelity National Financial during the fourth quarter worth $29,000. Capital Performance Advisors LLP purchased a new position in shares of Fidelity National Financial during the 3rd quarter worth $32,000. Brooklyn Investment Group acquired a new position in shares of Fidelity National Financial during the 3rd quarter valued at about $35,000. Parkside Financial Bank & Trust grew its holdings in shares of Fidelity National Financial by 50.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 209 shares during the period. Finally, Kestra Investment Management LLC purchased a new stake in shares of Fidelity National Financial in the fourth quarter valued at about $37,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Performance

FNF opened at $59.50 on Monday. The firm has a fifty day moving average price of $57.26 and a 200 day moving average price of $58.96. Fidelity National Financial has a 1 year low of $46.85 and a 1 year high of $64.83. The stock has a market cap of $16.28 billion, a P/E ratio of 21.64 and a beta of 1.39. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last released 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 5.57% and a return on equity of 13.72%. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter in the previous year, the company earned $0.75 earnings per share. Equities research analysts anticipate that Fidelity National Financial will post 4.57 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.36%. Fidelity National Financial’s payout ratio is currently 72.73%.

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.