Fidelity National Financial (NYSE:FNF) Lowered to “Hold” Rating by StockNews.com

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

Several other research analysts have also weighed in on FNF. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Barclays lifted their target price on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Truist Financial lifted their target price on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods reduced their target price on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Finally, Stephens lifted their target price on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Financial presently has an average rating of “Moderate Buy” and an average target price of $70.40.

Fidelity National Financial Stock Down 0.7 %

Shares of Fidelity National Financial stock opened at $63.06 on Tuesday. The business’s 50 day simple moving average is $58.29 and its 200 day simple moving average is $59.47. Fidelity National Financial has a 52-week low of $46.85 and a 52-week high of $65.65. The firm has a market cap of $17.26 billion, a PE ratio of 13.56 and a beta of 1.31. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.11. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates 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 previous year, the firm earned $0.75 EPS. On average, analysts predict that Fidelity National Financial will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.50 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.17%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 43.01%.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction on Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the transaction, the director now directly owns 16,716 shares of the company’s stock, valued at $916,872.60. The trade was a 14.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the completion of the transaction, the director now directly owns 32,386 shares of the company’s stock, valued at $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Fidelity National Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP acquired a new position in Fidelity National Financial in the 3rd quarter valued at $32,000. Capital Analysts LLC acquired a new position in Fidelity National Financial in the 4th quarter valued at $29,000. Brooklyn Investment Group acquired a new position in Fidelity National Financial in the 3rd quarter valued at $35,000. Parkside Financial Bank & Trust raised its holdings in Fidelity National Financial by 50.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 209 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new position in shares of Fidelity National Financial during the 4th quarter worth $37,000. 81.17% of the stock is owned by institutional investors and hedge funds.

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.