Brokerages Set Fidelity National Financial, Inc. (NYSE:FNF) Price Target at $66.40

Fidelity National Financial, Inc. (NYSE:FNF) has received an average recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $66.40.

A number of equities analysts have recently weighed in on FNF shares. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Truist Financial upped their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods lowered their price target on shares of 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. Finally, Barclays raised their target price on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th.

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $58.06 on Thursday. 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 company’s 50-day moving average price is $58.65 and its 200 day moving average price is $58.59. Fidelity National Financial has a 52 week low of $46.85 and a 52 week high of $64.83. The stock has a market cap of $15.89 billion, a price-to-earnings ratio of 21.11 and a beta of 1.38.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the prior year, the company earned $1.23 earnings per share. The firm’s revenue for the quarter was up 29.7% compared to the same quarter last year. As a group, research analysts forecast that Fidelity National Financial will post 4.57 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.45%. Fidelity National Financial’s dividend payout ratio is currently 72.73%.

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in Fidelity National Financial by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider’s stock valued at $498,041,000 after buying an additional 289,962 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Fidelity National Financial by 1.6% in the third quarter. Geode Capital Management LLC now owns 4,462,837 shares of the financial services provider’s stock valued at $276,343,000 after purchasing an additional 69,643 shares during the last quarter. AustralianSuper Pty Ltd raised its position in shares of Fidelity National Financial by 0.4% in the 3rd quarter. AustralianSuper Pty Ltd now owns 1,833,765 shares of the financial services provider’s stock valued at $113,803,000 after purchasing an additional 6,976 shares in the last quarter. TPG GP A LLC purchased a new position in shares of Fidelity National Financial during the 2nd quarter valued at approximately $83,798,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Fidelity National Financial by 3.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,530,424 shares of the financial services provider’s stock worth $94,978,000 after buying an additional 57,316 shares in the last quarter. 81.17% of the stock is currently owned by hedge funds and other 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.