Brokerages Set Fidelity National Financial, Inc. (NYSE:FNF) Price Target at $62.40

Fidelity National Financial, Inc. (NYSE:FNF) has been assigned a consensus recommendation of “Hold” from the five analysts that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $63.60.

FNF has been the topic of a number of recent analyst reports. Stephens reissued an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods raised 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. Truist Financial upped their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Barclays raised their price target on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th.

Fidelity National Financial Trading Down 0.4 %

Shares of Fidelity National Financial stock opened at $60.71 on Friday. Fidelity National Financial has a 12-month low of $43.97 and a 12-month high of $62.97. The stock has a market capitalization of $16.61 billion, a P/E ratio of 22.08 and a beta of 1.37. The company has a 50-day simple moving average of $60.44 and a 200 day simple moving average of $55.31. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.11). The firm had revenue of $3.60 billion for 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 business’s quarterly revenue was up 29.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.23 EPS. Research analysts expect that Fidelity National Financial will post 4.5 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.29%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, December 17th. Fidelity National Financial’s payout ratio is 69.82%.

Insider Activity at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 13,206 shares of the company’s stock, valued at $803,585.10. This represents a 11.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Fidelity National Financial

Several institutional investors and hedge funds have recently modified their holdings of FNF. Capital Performance Advisors LLP acquired a new stake in shares of Fidelity National Financial in the 3rd quarter valued at about $32,000. Opal Wealth Advisors LLC acquired a new stake in Fidelity National Financial in the 2nd quarter valued at $26,000. Brooklyn Investment Group acquired a new stake in Fidelity National Financial in the 3rd quarter valued at $35,000. New Covenant Trust Company N.A. bought a new stake in Fidelity National Financial during the 1st quarter worth about $30,000. Finally, Covestor Ltd grew its holdings in shares of Fidelity National Financial by 109.0% in the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 303 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

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.