Fidelity National Financial (NYSE:FNF) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Fidelity National Financial (NYSE:FNF) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.

Other analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Truist Financial raised their price target on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Barclays raised their price target on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Stephens raised their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, February 24th. Finally, Keefe, Bruyette & Woods decreased their price target on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.40.

Fidelity National Financial Price Performance

Shares of FNF stock opened at $63.06 on Tuesday. The stock’s fifty day moving average is $58.29 and its 200-day moving average is $59.47. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a market capitalization of $17.26 billion, a PE ratio of 13.56 and a beta of 1.31. Fidelity National Financial has a 52 week low of $46.85 and a 52 week high of $65.65.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. The company had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same quarter in the prior year, the business earned $0.75 earnings per share. Equities research analysts expect that Fidelity National Financial will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Monday, March 17th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 43.01%.

Insiders Place Their Bets

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the sale, the director now owns 32,386 shares of the company’s stock, valued at $1,824,303.38. This trade represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the sale, the director now directly owns 16,716 shares in the company, valued at approximately $916,872.60. This represents a 14.35 % decrease in their position. 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

A number of hedge funds have recently modified their holdings of FNF. US Bancorp DE raised its position in shares of Fidelity National Financial by 4.0% during the third quarter. US Bancorp DE now owns 20,718 shares of the financial services provider’s stock worth $1,286,000 after purchasing an additional 799 shares during the period. Farther Finance Advisors LLC raised its position in shares of Fidelity National Financial by 28.1% during the third quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 712 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Fidelity National Financial by 1.6% during the third quarter. Janney Montgomery Scott LLC now owns 29,543 shares of the financial services provider’s stock worth $1,833,000 after purchasing an additional 462 shares during the period. Forum Financial Management LP raised its position in Fidelity National Financial by 4.7% in the 3rd quarter. Forum Financial Management LP now owns 7,024 shares of the financial services provider’s stock valued at $436,000 after buying an additional 314 shares during the last quarter. Finally, National Pension Service raised its position in Fidelity National Financial by 2,211,500.0% in the 3rd quarter. National Pension Service now owns 66,348 shares of the financial services provider’s stock valued at $4,118,000 after buying an additional 66,345 shares during the last quarter. Institutional investors and hedge funds 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.