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

Fidelity National Financial, Inc. (NYSE:FNF) has received an average rating of “Hold” from the five brokerages that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $63.80.

Several research analysts have issued reports on FNF shares. Truist Financial upped 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 boosted their target price on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods increased their price target on Fidelity National Financial from $63.00 to $64.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th.

Fidelity National Financial Trading Down 1.2 %

Shares of Fidelity National Financial stock opened at $56.32 on Friday. The business has a fifty day simple moving average of $60.19 and a 200-day simple moving average of $57.34. Fidelity National Financial has a fifty-two week low of $46.85 and a fifty-two week high of $64.83. The firm has a market cap of $15.41 billion, a price-to-earnings ratio of 20.48 and a beta of 1.36. 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 (NYSE:FNF) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter last year, the business posted $1.23 EPS. The business’s revenue for the quarter was up 29.7% on a year-over-year basis. On average, equities analysts forecast that Fidelity National Financial will post 4.57 EPS for the current fiscal 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 issued a dividend of $0.50 per share. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.55%. Fidelity National Financial’s payout ratio is currently 72.73%.

Insider Activity at Fidelity National Financial

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the sale, the director now directly owns 32,386 shares in the company, valued at approximately $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 can be accessed through the SEC website. 5.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Fidelity National Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FNF. Capital Performance Advisors LLP acquired a new position in shares of Fidelity National Financial in the third quarter worth $32,000. Brooklyn Investment Group purchased a new position in Fidelity National Financial in the third quarter valued at about $35,000. True Wealth Design LLC purchased a new stake in shares of Fidelity National Financial during the 3rd quarter worth about $41,000. UMB Bank n.a. raised its stake in shares of Fidelity National Financial by 280.6% during the 3rd quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 505 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Fidelity National Financial by 141.1% during the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after buying an additional 402 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

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.