Fidelity National Financial (NYSE:FNF) Reaches New 1-Year High at $55.39

Fidelity National Financial, Inc. (NYSE:FNF)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $55.39 and last traded at $55.38, with a volume of 22645 shares traded. The stock had previously closed at $54.53.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FNF. Barclays lifted their price target on Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Stephens boosted their price objective on shares of Fidelity National Financial from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Fidelity National Financial from $55.00 to $53.00 and set a “market perform” rating for the company in a research report on Tuesday, July 2nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $55.40.

Fidelity National Financial Stock Up 1.2 %

The firm’s fifty day moving average price is $50.56 and its 200-day moving average price is $50.66. The company has a market capitalization of $15.08 billion, a price-to-earnings ratio of 17.94 and a beta of 1.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.21 and a quick ratio of 0.21.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $2.72 billion. Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The business’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 earnings per share. Sell-side analysts expect that Fidelity National Financial, Inc. will post 4.67 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.92 dividend on an annualized basis and a yield of 3.48%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 63.16%.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, CFO Anthony Park sold 85,000 shares of the company’s stock in a transaction on 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 sale, the chief financial officer now owns 99,049 shares of the company’s stock, valued at $5,033,670.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC bought a new position in shares of Fidelity National Financial during the 4th quarter worth about $27,000. Opal Wealth Advisors LLC acquired a new stake in shares of Fidelity National Financial in the 2nd quarter worth about $26,000. New Covenant Trust Company N.A. acquired a new stake in shares of Fidelity National Financial in the 1st quarter worth about $30,000. Covestor Ltd raised 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 worth $31,000 after acquiring an additional 303 shares during the last quarter. Finally, Salomon & Ludwin LLC raised 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 worth $32,000 after acquiring an additional 425 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

About Fidelity National Financial

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.