Fidelity National Financial, Inc. (NYSE:FNF) Receives $61.80 Consensus Target Price from Brokerages

Fidelity National Financial, Inc. (NYSE:FNF) has been assigned a consensus rating of “Hold” from the five brokerages that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $61.80.

FNF has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised 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. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Stephens restated an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a research note on Thursday, August 15th. Keefe, Bruyette & Woods lifted their price objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research report on Wednesday, September 4th. Finally, Truist Financial upped their target price on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th.

Fidelity National Financial Trading Down 0.3 %

Shares of NYSE:FNF opened at $60.76 on Friday. The stock has a 50 day moving average of $57.11 and a 200 day moving average of $52.77. The company has a market cap of $16.60 billion, a PE ratio of 19.99 and a beta of 1.36. Fidelity National Financial has a 12-month low of $37.10 and a 12-month high of $62.00. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data 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). Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period last year, the company earned $1.01 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, equities research analysts expect that Fidelity National Financial will post 4.53 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.92 annualized dividend and a dividend yield of 3.16%. Fidelity National Financial’s dividend payout ratio (DPR) is 63.16%.

Insider Activity

In related news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the sale, the director now owns 13,206 shares in the company, valued at $803,585.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC bought a new stake in shares of Fidelity National Financial in the 2nd quarter valued at approximately $26,000. V Square Quantitative Management LLC bought a new stake in Fidelity National Financial in the fourth quarter worth $27,000. New Covenant Trust Company N.A. purchased a new position in Fidelity National Financial during the first quarter worth $30,000. Mather Group LLC. bought a new position in Fidelity National Financial during the first quarter valued at $31,000. Finally, Covestor Ltd raised its stake in shares of Fidelity National Financial by 109.0% in the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 303 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

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.