Brokerages Set Fidelity National Financial, Inc. (NYSE:FNF) PT at $66.40

Fidelity National Financial, Inc. (NYSE:FNF) has earned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $66.40.

Several research analysts have recently commented on FNF shares. Barclays raised their price target 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. 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 report on Monday, November 11th. Keefe, Bruyette & Woods cut their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd.

Fidelity National Financial Trading Up 2.9 %

NYSE FNF opened at $59.40 on Thursday. 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 stock has a market capitalization of $16.25 billion, a P/E ratio of 21.60 and a beta of 1.38. The firm’s 50-day moving average is $58.74 and its two-hundred day moving average is $58.49. 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 issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 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 during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the prior year, the company posted $1.23 earnings per share. The business’s revenue was up 29.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Fidelity National Financial will post 4.57 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were 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 of this dividend was Tuesday, December 17th. This represents a $2.00 annualized dividend and a yield of 3.37%. Fidelity National Financial’s dividend payout ratio is 72.73%.

Insider Buying and Selling at Fidelity National Financial

In related news, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the completion of the transaction, the director now owns 16,716 shares in the company, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sandra Douglass Morgan sold 2,092 shares of the 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 in the company, valued at $1,824,303.38. This trade represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FNF. Capital Performance Advisors LLP acquired a new stake in Fidelity National Financial during the 3rd quarter worth $32,000. Brooklyn Investment Group acquired a new stake in shares of Fidelity National Financial in the 3rd quarter valued at about $35,000. True Wealth Design LLC purchased a new position in Fidelity National Financial during the 3rd quarter worth approximately $41,000. UMB Bank n.a. increased its position 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 worth $43,000 after buying an additional 505 shares during the period. Finally, Larson Financial Group LLC lifted its stake in Fidelity National Financial by 141.1% in the third 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. 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.