Fidelity National Financial (NYSE:FNF) Sets New 52-Week High at $47.97

Shares of Fidelity National Financial, Inc. (NYSE:FNF) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $47.97 and last traded at $47.90, with a volume of 9041 shares changing hands. The stock had previously closed at $47.78.

A number of brokerages have recently weighed in on FNF. Credit Suisse Group began coverage on shares of Fidelity National Financial in a research report on Monday, May 3rd. They set an “outperform” rating and a $56.00 price target on the stock. Zacks Investment Research raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Monday. Truist Securities lifted their price target on shares of Fidelity National Financial from $48.00 to $53.00 in a research report on Thursday, April 15th. Finally, Truist lifted their price target on shares of Fidelity National Financial from $48.00 to $53.00 in a research report on Thursday, April 15th. Four investment analysts have rated the stock with a buy rating, Fidelity National Financial currently has a consensus rating of “Buy” and an average target price of $50.50.

The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.32. The company has a fifty day simple moving average of $45.60. The company has a market cap of $13.60 billion, a price-to-earnings ratio of 6.53 and a beta of 1.38.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Thursday, May 6th. The financial services provider reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.28. Fidelity National Financial had a net margin of 17.06% and a return on equity of 23.66%. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the business posted $0.73 earnings per share. The firm’s quarterly revenue was up 92.3% on a year-over-year basis. As a group, equities research analysts predict that Fidelity National Financial, Inc. will post 5.47 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Wednesday, June 16th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, June 15th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.06%. Fidelity National Financial’s payout ratio is 26.97%.

In other Fidelity National Financial news, CFO Anthony Park sold 30,308 shares of Fidelity National Financial stock in a transaction on Thursday, May 27th. The shares were sold at an average price of $46.60, for a total value of $1,412,352.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William P. Foley II sold 251,721 shares of Fidelity National Financial stock in a transaction on Thursday, April 8th. The shares were sold at an average price of $43.38, for a total transaction of $10,919,656.98. Following the completion of the sale, the director now owns 4,853,160 shares in the company, valued at $210,530,080.80. The disclosure for this sale can be found here. Insiders sold a total of 577,066 shares of company stock worth $26,034,899 over the last quarter. Company insiders own 5.80% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Huntington National Bank increased its stake in Fidelity National Financial by 42.9% in the 1st quarter. Huntington National Bank now owns 846 shares of the financial services provider’s stock valued at $34,000 after buying an additional 254 shares during the last quarter. Westpac Banking Corp grew its position in shares of Fidelity National Financial by 0.4% in the 4th quarter. Westpac Banking Corp now owns 61,179 shares of the financial services provider’s stock valued at $2,391,000 after acquiring an additional 258 shares during the period. Mackenzie Financial Corp grew its position in shares of Fidelity National Financial by 3.1% in the 4th quarter. Mackenzie Financial Corp now owns 8,791 shares of the financial services provider’s stock valued at $344,000 after acquiring an additional 261 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in shares of Fidelity National Financial by 31.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,134 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 272 shares during the period. Finally, Princeton Global Asset Management LLC grew its position in shares of Fidelity National Financial by 1.4% in the 4th quarter. Princeton Global Asset Management LLC now owns 19,427 shares of the financial services provider’s stock valued at $759,000 after acquiring an additional 277 shares during the period. Hedge funds and other institutional investors own 78.67% of the company’s stock.

Fidelity National Financial Company Profile (NYSE:FNF)

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 insurance.

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