Fidelity National Financial, Inc. (NYSE:FNF) Receives Average Recommendation of “Hold” from Brokerages

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have earned a consensus rating of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $63.60.

Several research analysts have recently commented on FNF shares. Barclays lifted their price target on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upped their target price on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Stephens reissued an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Keefe, Bruyette & Woods upped their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 4th. Finally, Truist Financial raised their target price on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th.

Fidelity National Financial Trading Down 0.4 %

NYSE:FNF opened at $62.78 on Wednesday. The company has a market cap of $17.18 billion, a PE ratio of 22.83 and a beta of 1.36. The business’s 50 day moving average is $61.00 and its two-hundred day moving average is $56.34. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial has a 52 week low of $44.80 and a 52 week high of $64.83.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period in the prior year, the firm earned $1.23 EPS. The business’s revenue for the quarter was up 29.7% compared to the same quarter last year. On average, analysts predict that Fidelity National Financial will post 4.5 EPS for the current year.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.50 dividend. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.19%. Fidelity National Financial’s dividend payout ratio is presently 69.82%.

Insider Activity

In related news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the transaction, the director now owns 13,206 shares in the company, valued at $803,585.10. This represents a 11.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Institutional Trading of Fidelity National Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new position in shares of Fidelity National Financial during the third quarter valued at approximately $32,000. Opal Wealth Advisors LLC acquired a new position in shares of Fidelity National Financial during the 2nd quarter valued at $26,000. Brooklyn Investment Group bought a new stake in shares of Fidelity National Financial in the 3rd quarter worth $35,000. True Wealth Design LLC acquired a new stake in shares of Fidelity National Financial in the third quarter valued at $41,000. Finally, UMB Bank n.a. boosted its stake in Fidelity National Financial by 280.6% during the third quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock valued at $43,000 after buying an additional 505 shares in the last quarter. 81.17% of the stock is currently 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.