Fidelity National Financial (NYSE:FNF) Upgraded to Buy at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial (NYSE:FNF) from a hold rating to a buy rating in a research report sent to investors on Friday, Marketbeat reports. Deutsche Bank Aktiengesellschaft currently has $77.00 price target on the financial services provider’s stock, up from their previous price target of $76.00.

A number of other equities research analysts have also commented on the stock. Truist Financial upped their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods upped their price objective on shares of Fidelity National Financial from $63.00 to $64.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. Finally, Barclays increased their target price on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $66.60.

Fidelity National Financial Stock Performance

NYSE FNF opened at $56.82 on Friday. The firm has a market cap of $15.55 billion, a price-to-earnings ratio of 20.66 and a beta of 1.36. The company has a 50-day simple moving average of $59.77 and a two-hundred day simple moving average of $57.54. 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 12-month low of $46.85 and a 12-month high of $64.83.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the business earned $1.23 earnings per share. Fidelity National Financial’s revenue was up 29.7% compared to the same quarter last year. On average, equities analysts forecast that Fidelity National Financial will post 4.57 EPS for the current year.

Fidelity National Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.52%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s payout ratio is currently 72.73%.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction on Tuesday, December 24th. The stock was 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 owns 32,386 shares in the company, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Everence Capital Management Inc. bought a new stake in Fidelity National Financial during the fourth quarter worth about $621,000. GAMMA Investing LLC lifted its holdings in shares of Fidelity National Financial by 19.8% during the fourth quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 1,233 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Fidelity National Financial by 17.1% in the 4th quarter. Versant Capital Management Inc now owns 1,729 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 252 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Fidelity National Financial by 38.9% in the 3rd quarter. Tidal Investments LLC now owns 6,756 shares of the financial services provider’s stock worth $419,000 after buying an additional 1,892 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Fidelity National Financial during the 3rd quarter valued at approximately $672,000. 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.