Fidelity National Financial, Inc. (NYSE:FNF) Receives $63.60 Consensus PT from Analysts

Fidelity National Financial, Inc. (NYSE:FNF) has received an average recommendation of “Hold” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $63.60.

A number of research analysts recently issued reports on FNF shares. Stephens reissued an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. Truist Financial boosted their price target on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods raised their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research note on Wednesday, September 4th. Finally, 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 note on Tuesday, October 8th.

Insider Buying and Selling

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction that occurred on 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 directly owns 13,206 shares in the company, valued at approximately $803,585.10. This represents a 11.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Fidelity National Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. grew its position in shares of Fidelity National Financial by 8.5% in the 2nd quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock valued at $404,332,000 after buying an additional 640,829 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Fidelity National Financial by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider’s stock valued at $498,041,000 after acquiring an additional 289,962 shares during the last quarter. Cooke & Bieler LP raised its holdings in Fidelity National Financial by 3.2% during the 2nd quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock worth $293,436,000 after purchasing an additional 184,078 shares during the last quarter. Geode Capital Management LLC raised its holdings in Fidelity National Financial by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,462,837 shares of the financial services provider’s stock worth $276,343,000 after purchasing an additional 69,643 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Fidelity National Financial by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,428,258 shares of the financial services provider’s stock worth $169,421,000 after purchasing an additional 77,118 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $62.01 on Wednesday. The stock has a market capitalization of $16.97 billion, a PE ratio of 22.55 and a beta of 1.36. Fidelity National Financial has a fifty-two week low of $46.35 and a fifty-two week high of $64.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The business has a fifty day moving average price of $61.09 and a two-hundred day moving average price of $56.55.

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 return on equity of 13.72% and a net margin of 5.57%. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the prior year, the company earned $1.23 EPS. The company’s revenue for the quarter was up 29.7% compared to the same quarter last year. As a group, equities analysts predict that Fidelity National Financial will post 4.54 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The company 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 represents a $2.00 dividend on an annualized basis and a dividend yield of 3.23%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio is presently 69.82%.

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.