Fidelity National Financial (NYSE:FNF) Hits New 1-Year High at $54.08

Fidelity National Financial, Inc. (NYSE:FNF) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $54.08 and last traded at $53.89, with a volume of 103803 shares changing hands. The stock had previously closed at $52.92.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on FNF shares. Keefe, Bruyette & Woods dropped their price target on shares of Fidelity National Financial from $55.00 to $53.00 and set a “market perform” rating on the stock in a research note on Tuesday, July 2nd. Barclays upped their price target on shares of Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. StockNews.com raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, July 9th. Finally, 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 note on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Financial has an average rating of “Moderate Buy” and an average price target of $55.40.

Fidelity National Financial Price Performance

The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $14.86 billion, a price-to-earnings ratio of 17.41 and a beta of 1.35. The company’s 50-day simple moving average is $50.17 and its 200 day simple moving average is $50.34.

Fidelity National Financial (NYSE:FNF) last posted its 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 analyst estimates 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 in the previous year, the company earned $0.52 earnings per share. Equities research analysts forecast that Fidelity National Financial, Inc. will post 4.67 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.53%. The ex-dividend date was Friday, June 14th. Fidelity National Financial’s payout ratio is 63.16%.

Insiders Place Their Bets

In other Fidelity National Financial news, CFO Anthony Park sold 85,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the completion of the sale, the chief financial officer now directly owns 99,049 shares in the company, valued at $5,033,670.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Fidelity National Financial news, CFO Anthony Park sold 85,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the completion of the sale, the chief financial officer now directly owns 99,049 shares in the company, valued at $5,033,670.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $151,920.00. Following the sale, the director now owns 14,906 shares of the company’s stock, valued at $754,839.84. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Financial

Several hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Fidelity National Financial by 5.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 20,880 shares of the financial services provider’s stock valued at $1,032,000 after buying an additional 1,061 shares during the period. M&G Plc bought a new stake in shares of Fidelity National Financial in the second quarter valued at about $629,000. Perkins Coie Trust Co bought a new stake in shares of Fidelity National Financial in the second quarter valued at about $222,000. Atlas Private Wealth Advisors lifted its stake in shares of Fidelity National Financial by 100.0% in the second quarter. Atlas Private Wealth Advisors now owns 8,430 shares of the financial services provider’s stock valued at $417,000 after buying an additional 4,215 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of Fidelity National Financial by 31.1% in the second quarter. SG Americas Securities LLC now owns 29,642 shares of the financial services provider’s stock valued at $1,465,000 after buying an additional 7,033 shares during the period. 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.