Fidelity National Financial, Inc. (NYSE:FNF) Given Consensus Rating of “Hold” by Brokerages

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have received an average rating of “Hold” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $59.80.

A number of research firms recently issued reports on FNF. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft boosted their price target on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $53.00 price objective on shares of Fidelity National Financial in a research report on Tuesday, August 6th. Truist Financial boosted their target price on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Stephens restated an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th.

Fidelity National Financial Price Performance

NYSE FNF opened at $58.96 on Monday. The company has a 50 day simple moving average of $53.68 and a 200-day simple moving average of $51.73. Fidelity National Financial has a 52-week low of $37.10 and a 52-week high of $59.42. The firm has a market capitalization of $16.12 billion, a price-to-earnings ratio of 19.39 and a beta of 1.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.23 and a quick ratio of 0.23.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the company earned $1.01 EPS. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. Equities research analysts predict that Fidelity National Financial will post 4.57 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.48 per share. The ex-dividend date is Monday, September 16th. This represents a $1.92 annualized dividend and a yield of 3.26%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 63.16%.

Insider Buying and Selling

In related news, CFO Anthony Park sold 85,000 shares of Fidelity National Financial stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total value of $4,319,700.00. Following the transaction, the chief financial officer now owns 99,049 shares in the company, valued at approximately $5,033,670.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Fidelity National Financial

Several hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new position in Fidelity National Financial during the 4th quarter valued at $1,669,000. abrdn plc raised its position in shares of Fidelity National Financial by 102.0% during the fourth quarter. abrdn plc now owns 89,374 shares of the financial services provider’s stock valued at $4,560,000 after buying an additional 45,137 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Fidelity National Financial in the fourth quarter valued at about $97,000. Tokio Marine Asset Management Co. Ltd. grew its position in Fidelity National Financial by 17.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,046 shares of the financial services provider’s stock worth $462,000 after buying an additional 1,364 shares in the last quarter. Finally, Golden State Equity Partners increased its stake in Fidelity National Financial by 28.5% during the fourth quarter. Golden State Equity Partners now owns 7,714 shares of the financial services provider’s stock valued at $394,000 after acquiring an additional 1,710 shares during the period. 81.17% of the stock is owned by institutional investors.

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.