Fidelity National Financial (NYSE:FNF) Upgraded at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial (NYSE:FNF) from a hold rating to a buy rating in a research report report published on Friday morning, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has $77.00 target price on the financial services provider’s stock, up from their previous target price of $76.00.

FNF has been the subject of several other research reports. Keefe, Bruyette & Woods raised their price target on shares of Fidelity National Financial from $63.00 to $64.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. Barclays raised their target price on 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. Finally, Truist Financial upped their price target on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.60.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock opened at $56.82 on Friday. The business’s fifty day simple moving average is $59.77 and its 200 day simple moving average is $57.60. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial has a 12 month low of $46.85 and a 12 month high of $64.83. The firm has a market capitalization of $15.55 billion, a P/E ratio of 20.66 and a beta of 1.38.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 29.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.23 earnings per share. As a group, analysts anticipate that Fidelity National Financial will post 4.57 EPS for the current year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $2.00 annualized dividend and a yield of 3.52%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio (DPR) is currently 72.73%.

Insider Activity

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction 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 sale, the director now owns 32,386 shares in the company, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 5.20% of the company’s stock.

Institutional Trading of Fidelity National Financial

Institutional investors and hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. raised its stake in Fidelity National Financial by 8.5% in the second quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock valued at $404,332,000 after purchasing an additional 640,829 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 worth $498,041,000 after buying an additional 289,962 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Fidelity National Financial by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,462,837 shares of the financial services provider’s stock valued at $276,343,000 after buying an additional 69,643 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Fidelity National Financial by 2.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,428,258 shares of the financial services provider’s stock worth $169,421,000 after acquiring an additional 77,118 shares during the last quarter. Finally, AustralianSuper Pty Ltd grew its position in Fidelity National Financial by 0.4% in the third quarter. AustralianSuper Pty Ltd now owns 1,833,765 shares of the financial services provider’s stock worth $113,803,000 after acquiring an additional 6,976 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

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.