Analysts Set Fidelity National Financial, Inc. (NYSE:FNF) PT at $55.80

Fidelity National Financial, Inc. (NYSE:FNF) has been given an average rating of “Moderate Buy” by the six brokerages that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $55.80.

A number of research firms have weighed in on FNF. Keefe, Bruyette & Woods decreased their price target on Fidelity National Financial from $56.00 to $55.00 and set a “market perform” rating for the company in a research note on Monday, May 13th. Stephens upped their price target on shares of Fidelity National Financial from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Truist Financial lifted their price objective on shares of Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, Barclays raised their target price on shares of Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th.

Insider Transactions at Fidelity National Financial

In other news, Director Halim Dhanidina sold 3,000 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $50.64, for a total transaction of $151,920.00. Following the transaction, the director now owns 14,906 shares in the company, valued at $754,839.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Halim Dhanidina sold 3,000 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $50.64, for a total value of $151,920.00. Following the transaction, the director now directly owns 14,906 shares in the company, valued at $754,839.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cary H. Thompson sold 23,410 shares of Fidelity National Financial stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the completion of the sale, the director now owns 40,317 shares of the company’s stock, valued at approximately $2,060,601.87. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Financial

Large investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new stake in shares of Fidelity National Financial during the 4th quarter worth approximately $27,000. New Covenant Trust Company N.A. acquired a new position in Fidelity National Financial during the first quarter valued at approximately $30,000. Covestor Ltd lifted its stake in Fidelity National Financial by 109.0% during the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 303 shares during the last quarter. Salomon & Ludwin LLC boosted its holdings in shares of Fidelity National Financial by 231.0% in the 1st quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 425 shares in the last quarter. Finally, Mather Group LLC. bought a new position in shares of Fidelity National Financial in the 1st quarter valued at $31,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $50.75 on Friday. Fidelity National Financial has a 12 month low of $33.61 and a 12 month high of $53.96. The company’s fifty day simple moving average is $50.95 and its 200-day simple moving average is $49.49. The firm has a market cap of $13.87 billion, a PE ratio of 16.69 and a beta of 1.33. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.08). The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $2.72 billion. Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The company’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same period last year, the firm earned $0.52 earnings per share. Equities research analysts expect that Fidelity National Financial will post 4.73 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.92 annualized dividend and a yield of 3.78%. Fidelity National Financial’s dividend payout ratio is currently 63.16%.

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.