Analysts Set Fidelity National Financial, Inc. (NYSE:FNF) Price Target at $54.20

Fidelity National Financial, Inc. (NYSE:FNF) has received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $54.20.

FNF has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Fidelity National Financial in a research report on Wednesday, January 10th. They issued a “hold” rating on the stock. Truist Financial lifted their target price on Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Keefe, Bruyette & Woods lifted their target price on Fidelity National Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. Finally, Barclays boosted their price target on Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th.

Insider Buying and Selling

In related news, Director Cary H. Thompson sold 23,410 shares of Fidelity National Financial stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $51.11, for a total value of $1,196,485.10. Following the transaction, the director now directly owns 40,317 shares of the company’s stock, valued at $2,060,601.87. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Fidelity National Financial

Hedge funds and other institutional investors have recently modified their holdings of the company. Lindbrook Capital LLC grew its holdings in Fidelity National Financial by 148.9% during the first quarter. Lindbrook Capital LLC now owns 2,912 shares of the financial services provider’s stock worth $155,000 after buying an additional 1,742 shares in the last quarter. New York State Teachers Retirement System grew its holdings in Fidelity National Financial by 3.7% during the first quarter. New York State Teachers Retirement System now owns 112,048 shares of the financial services provider’s stock worth $5,950,000 after buying an additional 3,966 shares in the last quarter. Kinneret Advisory LLC bought a new stake in Fidelity National Financial during the first quarter worth $1,022,000. Cambridge Investment Research Advisors Inc. grew its holdings in Fidelity National Financial by 7.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 77,031 shares of the financial services provider’s stock worth $4,090,000 after buying an additional 5,052 shares in the last quarter. Finally, CENTRAL TRUST Co grew its holdings in Fidelity National Financial by 13.8% during the first quarter. CENTRAL TRUST Co now owns 2,538 shares of the financial services provider’s stock worth $135,000 after buying an additional 308 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Down 1.5 %

Shares of NYSE FNF opened at $49.88 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.21 and a current ratio of 0.21. Fidelity National Financial has a 52 week low of $32.02 and a 52 week high of $53.96. The stock has a market capitalization of $13.63 billion, a P/E ratio of 26.12 and a beta of 1.34. The stock’s fifty day moving average is $50.70 and its 200 day moving average is $47.73.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.27). Fidelity National Financial had a net margin of 4.40% and a return on equity of 13.91%. The business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the firm earned $1.06 EPS. Sell-side analysts forecast that Fidelity National Financial will post 4.81 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Thursday, March 14th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 100.52%.

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.