Fidelity National Financial (NYSE:FNF) Upgraded by Keefe, Bruyette & Woods to Outperform Rating

Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial (NYSE:FNF) from a market perform rating to an outperform rating in a research note published on Tuesday, MarketBeat reports. Keefe, Bruyette & Woods currently has $69.00 price target on the financial services provider’s stock.

A number of other equities analysts also recently issued reports on the company. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Stephens raised their price target on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price objective for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Finally, Barclays lifted their target price on shares of 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. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and an average target price of $71.60.

Fidelity National Financial Trading Up 0.5 %

Shares of NYSE:FNF opened at $58.13 on Tuesday. The company has a market capitalization of $15.99 billion, a PE ratio of 12.50 and a beta of 1.09. The company has a current ratio of 0.24, a quick 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 $66.72. The business’s fifty day simple moving average is $61.36 and its 200-day simple moving average is $60.17.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the previous year, the company posted $0.75 earnings per share. As a group, equities research analysts predict that Fidelity National Financial will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.44%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 43.01%.

Insider Buying and Selling at Fidelity National Financial

In related news, Director Halim Dhanidina sold 2,800 shares of the firm’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 of the company’s stock, valued at $916,872.60. This trade represents a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Chesley Taft & Associates LLC grew its holdings in Fidelity National Financial by 1.2% during the fourth quarter. Chesley Taft & Associates LLC now owns 16,686 shares of the financial services provider’s stock worth $937,000 after acquiring an additional 200 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Fidelity National Financial by 0.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 72,200 shares of the financial services provider’s stock worth $4,053,000 after purchasing an additional 200 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Fidelity National Financial by 50.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 209 shares in the last quarter. Essex Financial Services Inc. lifted its stake in shares of Fidelity National Financial by 5.3% in the 4th quarter. Essex Financial Services Inc. now owns 4,206 shares of the financial services provider’s stock valued at $236,000 after purchasing an additional 211 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Fidelity National Financial by 19.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider’s stock worth $75,000 after buying an additional 223 shares in 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.